Revised forecast
Fiscal year ending March 2027 · Six months and full yearPrevious forecast published 8 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
The stainless specialty steel industry is recovering, led by semiconductor-related demand, and demand for high-performance materials in the semiconductor-related and oil and gas sectors continues to expand. Earnings have remained above the initially projected level due to increased sales volumes and an expansion in inventory valuation gains resulting from higher raw material prices. The earnings forecasts for the second half remain unchanged, with only the upward revision for the first half reflected in the full-year forecast.
| Item | Details |
|---|---|
| Net Sales | 80,000, 169,000 → 85,000, 174,000（6.25, 2.96） |
| Operating profit | 6,000, 13,000 → 9,000, 16,000（50, 23.08） |
| Ordinary income | 5,500, 12,000 → 8,000, 14,500（45.45, 20.83） |
| Profit attributable to owners of the parent | 3,500, 8,000 → 4,500, 9,000（28.57, 12.5） |
| Net income per share | 252.64, 577.46 → 324.82, 649.65 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six months and full year |
| Publication date of previous forecast | 8 May 2026 |
| Previous-period results | Second-quarter results: net sales of ¥75,741 million, operating income of ¥5,900 million, ordinary income of ¥5,256 million, net income attributable to owners of the parent of ¥3,625 million, and net income per share of ¥260.68. Full-year results: net sales of ¥150,866 million, operating income of ¥10,973 million, ordinary income of ¥9,657 million, net income attributable to owners of the parent of ¥7,215 million, and net income per share of ¥519.86. |
| Reason for the revision | The stainless specialty steel industry is recovering, led by semiconductor-related demand, and demand for high-performance materials in the semiconductor-related and oil and gas sectors continues to expand. Earnings have remained above the initially projected level due to increased sales volumes and an expansion in inventory valuation gains resulting from higher raw material prices. The earnings forecasts for the second half remain unchanged, with only the upward revision for the first half reflected in the full-year forecast. |
| Dividend forecast revision | No revision. Interim dividend: ¥110 per share; year-end dividend: ¥110 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.The stainless specialty steel industry is recovering, led by semiconductor-related demand, while demand for high-performance materials in the semiconductor-related and oil and gas sectors continues to expand. In addition, earnings have remained above the initial assumptions due to increased sales volumes and an expansion in inventory valuation gains resulting from higher raw material prices.