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Presentation materials for financial results5463Maruichi Steel Tube Ltd.Iron & Steel, Nonferrous Metals

Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027

In Q1 of the fiscal year ending March 2027, both net sales and operating profit exceeded the year-earlier levels, resulting in higher sales and higher profit. The full-year forecast was left unchanged from the previous forecast in light of risks including rising domestic coil prices.

Worth reading
87Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
38.8
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥65,032 million+8.9%
Operating profit¥9,290 million+38.8%
Ordinary income¥10,374 million+38.0%
Net income¥5,400 million +31.1%quarterly net income attributable to owners of the parent
Results for the three months of the current quarter
Net Sales
¥65,032 million
Operating profit
¥9,290 million
Ordinary income
¥10,374 million
Quarterly net income attributable to owners of the parent
¥5,400 million
Full-year earnings forecast
Net Sales
¥274,500 million
Operating profit
¥36,900 million
Ordinary income
¥38,000 million
Net income attributable to owners of the parent
¥25,700 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales23.7%
Operating profit25.2%
Ordinary income27.3%
Net income attributable to owners of the parent21.0%
First-half net sales49.2%
First-half operating profit51.3%
First-half ordinary profit55.5%
First-half net income attributable to owners of the parent47.4%
By segment and individual companyProgress against the first-half plan is provided for Japan, North America, Asia and individual companies.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated operating profit
FY2025 Q1 operating profit6,694
Maruichi Steel Tube634
Maruichi Stainless364
Other domestic subsidiaries348
Leavitt755
MNT106
MAC121
MOST124
MST-X31
MMX-69
SUNSCO46
KUMA149
MPST-86
Consolidated adjustments71
FY2026 Q1 operating profit9,290
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate against the U.S. dollar¥156.86 per U.S. dollar (actual for Q1 of FY2026; ¥152.60 in the year-earlier period)
Domestic coil pricesRising trend (figure is Not disclosed)
U.S. CRU prices$1,114/st at the end of June 2026
New initiatives
  • Establishing capacity to increase BA tube production at Maruichi Stainless Steel Tube
  • MST-X began transactions with a major wholesaler for the hydraulic and instrumentation piping market
  • The 4 U.S. structural steel tube companies are promoting diversification of material suppliers, centralized purchasing and inventory optimization
  • Constructing a stainless welded steel tube plant and a large press plant at Maruichi Stainless Park
Key KPIsA metric the company considers important as a management benchmark.
  • Maruichi Steel Tube sales volume168,027 t
    Year on year against the same period last year+3.5%
  • BA tube sales volume (Maruichi Stainless)14.2 10,000 tubes/month
    Year on year against the same period last year+62.1%
  • Operating profit of 4 U.S. structural steel tube companies18.6 Hundreds of millions of yen
    Year on year against the same period last yearApproximately 2.5 times year-earlier level
  • Asia segment sales volume
    Year on year against the same period last year+9.0%
  • KUMA sales volume
    Year on year against the same period last year+20.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Maruichi Steel Tube sales volume168,027 t
    Year on year against the same period last year+3.5%
  • Maruichi Stainless BA tube sales volume14.2 10,000 tubes/month
    Year on year against the same period last year+62.1%
  • MST-X BA tube sales volume
  • KUMA sales volume
    Year on year against the same period last year+20.0%
Segment results
Japan
Net Sales
¥37,554 million+5.7%
Operating profit
¥6,155 million+30.8%
North America
Net Sales
¥16,315 million+17.2%
Operating profit
¥2,037 million+103.4%
Asia
Net Sales
¥11,161 million+8.5%
Operating profit
¥952 million+11.2%
Market Size / Share
U.S. CRU pricesActual of $1,114/st in June 2026
Automobile production volume
KUMA four-wheelers1.45 million vehicles, up 16.8% year on year
KUMA two-wheelers7.25 million vehicles, up 22.8% year on year
Number of employees
A policy of increasing headcount is stated, but the number of employees is Not disclosed
Capital expenditures
  • 220 Hundreds of millions of yen
    DetailsMaruichi Steel Tube stainless welded steel tube plant
  • 260 Hundreds of millions of yen
    DetailsMaruichi Stainless Steel Tube 5,000-ton large press plant
Annual Dividend
FY2026 forecast
Annual dividend amount¥52 per share
Interim¥26 per share
End of period¥26 per share
Payout ratio
44.4% forecast for FY2026
Acquisition of treasury shares
FY2026 forecast
Acquisition amount100 Hundreds of millions of yen
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥65,032 million (YoY +8.9%)
Operating profit¥9,290 million (YoY +38.8%)
Ordinary income¥10,374 million (YoY +38.0%)
Net income¥5,400 million (quarterly net income attributable to owners of the parent) (YoY +31.1%)
Results for the three months of the current quarterNet Sales ¥65,032 million / Operating profit ¥9,290 million / Ordinary income ¥10,374 million / Quarterly net income attributable to owners of the parent ¥5,400 million
Full-year earnings forecastNet Sales ¥274,500 million / Operating profit ¥36,900 million / Ordinary income ¥38,000 million / Net income attributable to owners of the parent ¥25,700 million
Progress against full-year forecastNet Sales 23.7% / Operating profit 25.2% / Ordinary income 27.3% / Net income attributable to owners of the parent 21.0% / First-half net sales 49.2% / First-half operating profit 51.3% / First-half ordinary profit 55.5% / First-half net income attributable to owners of the parent 47.4% / By segment and individual company Progress against the first-half plan is provided for Japan, North America, Asia and individual companies.
Segment resultsJapan Net Sales ¥37,554 million (YoY +5.7%) / Operating profit ¥6,155 million (YoY +30.8%) / North America Net Sales ¥16,315 million (YoY +17.2%) / Operating profit ¥2,037 million (YoY +103.4%) / Asia Net Sales ¥11,161 million (YoY +8.5%) / Operating profit ¥952 million (YoY +11.2%)
Breakdown of Factors Affecting the ChangeConsolidated operating profit FY2025 Q1 operating profit 6,694 / Maruichi Steel Tube 634 / Maruichi Stainless 364 / Other domestic subsidiaries 348 / Leavitt 755 / MNT 106 / MAC 121 / MOST 124 / MST-X 31 / MMX -69 / SUNSCO 46 / KUMA 149 / MPST -86 / Consolidated adjustments 71 / FY2026 Q1 operating profit 9,290
Key KPIsIndicator name Maruichi Steel Tube sales volume / Value 168,027 t / Year on year against the same period last year 3.5 t, Indicator name BA tube sales volume (Maruichi Stainless) / Value 14.2 10,000 tubes/month / Year on year against the same period last year 62.1 10,000 tubes/month, Indicator name Operating profit of 4 U.S. structural steel tube companies / Value 18.6 Hundreds of millions of yen / Year on year against the same period last year Approximately 2.5 times year-earlier level, Indicator name Asia segment sales volume / Value Not disclosed / Year on year against the same period last year 9 Year on year, Indicator name KUMA sales volume / Value Not disclosed / Year on year against the same period last year 20 Year on year
Unit price and quantity metricsIndicator name Maruichi Steel Tube sales volume / Value 168,027 t / Year on year against the same period last year 3.5 t, Indicator name Maruichi Stainless BA tube sales volume / Value 14.2 10,000 tubes/month / Year on year against the same period last year 62.1 10,000 tubes/month, Indicator name MST-X BA tube sales volume / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name KUMA sales volume / Value Not disclosed / Year on year against the same period last year 20 Year on year
Number of employeesA policy of increasing headcount is stated, but the number of employees is Not disclosed
Assumptions Underlying the Business OutlookExchange rate against the U.S. dollar ¥156.86 per U.S. dollar (actual for Q1 of FY2026; ¥152.60 in the year-earlier period) / Domestic coil prices Rising trend (figure is Not disclosed) / U.S. CRU prices $1,114/st at the end of June 2026
Annual DividendFY2026 forecast Annual dividend amount ¥52 per share / Interim ¥26 per share / End of period ¥26 per share
Payout ratio44.4% forecast for FY2026
Acquisition of treasury sharesFY2026 forecast Acquisition amount 100 Hundreds of millions of yen / Acquisition period Not disclosed
Capital expenditures220 Hundreds of millions of yen, 260 Hundreds of millions of yen
Market Size / ShareU.S. CRU prices Actual of $1,114/st in June 2026 / Automobile production volume KUMA four-wheelers 1.45 million vehicles, up 16.8% year on year / KUMA two-wheelers 7.25 million vehicles, up 22.8% year on year
New initiativesEstablishing capacity to increase BA tube production at Maruichi Stainless Steel Tube, MST-X began transactions with a major wholesaler for the hydraulic and instrumentation piping market, The 4 U.S. structural steel tube companies are promoting diversification of material suppliers, centralized purchasing and inventory optimization, Constructing a stainless welded steel tube plant and a large press plant at Maruichi Stainless Park
Items this document does not state (10)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In Japan, increased sales volumes and production and sales focused on profitability contributed to higher profit. In North America, improved spreads resulting from higher selling prices contributed to the increase in profit. Meanwhile, the full-year plan was left unchanged in light of risks including rising domestic coil prices.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Presentation Materials for the First Quarter of the Fiscal Year Ending March 2027 | Maruichi Steel Tube Ltd. (5463) timely disclosure | Komori