Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In the Special Steel Business, declines in sales volumes of special alloys for automobiles and heat-resistant steel for overseas markets, as well as demand falling short of plan due to prolonged inventory adjustments in the semiconductor manufacturing equipment industry, contributed to the decline in net sales. Meanwhile, profit increased as a result of cost-reduction initiatives. In the Real Estate Leasing Business, both net sales and profit increased, mainly due to an increase in renovation work associated with tenant replacements at commercial facilities.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥20,931 million (YoY -1.2%) |
| Operating profit | ¥1,418 million (YoY +13.5%) |
| Ordinary income | ¥1,610 million (YoY +17.3%) |
| Profit attributable to owners of the parent | ¥1,275 million (YoY +26.5%) |
| Net income per share | ¥171.74 |
| Operating Margin | Current fiscal year 6.8 % / Previous period 5.9 % |
| Equity ratio | End of the current fiscal period 81 / End of previous period 82 |
| Total assets | ¥36,363 million |
| Net assets | ¥29,465 million |
| Cash flows from operating activities | ¥2,371 million |
| Cash flows from investing activities | ¥108 million |
| Cash flows from financing activities | ¥-270 million |
| Cash and cash equivalents at end of period | ¥10,609 million |
| Annual Dividend Forecast | ¥40 → ¥15（-62.5%） |
| Payout ratio | 8.7 |
| Segment revenue | Specialty Steel Business ¥18,515.49 million, Real Estate Leasing ¥2,415.79 million |
| Segment profit | Specialty Steel Business ¥320.23 million, Real Estate Leasing ¥1,098.46 million |
| Depreciation and amortization | ¥920,106 thousand |
| Impairment loss | ¥64,198 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥168,100 thousand / Extraordinary loss Impairment Losses ¥64,198 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | The Company resolved to support the tender offer for its shares by Daido Steel Co.,Ltd. and recommend that shareholders tender their shares. Following the tender offer and the subsequent procedures, the Company plans to become a wholly owned subsidiary and be delisted. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 7,550,000 Shares |
| Treasury Shares at Period-End | 122,241 Shares |
| Factors Behind Changes in Business Performance | In the Special Steel Business, declines in sales volumes of special alloys for automobiles and heat-resistant steel for overseas markets, as well as demand falling short of plan due to prolonged inventory adjustments in the semiconductor manufacturing equipment industry, contributed to the decline in net sales. Meanwhile, profit increased as a result of cost-reduction initiatives. In the Real Estate Leasing Business, both net sales and profit increased, mainly due to an increase in renovation work associated with tenant replacements at commercial facilities. |
Items this document does not state (5)
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 the Special Steel Business, sales volumes of special alloys for automobiles and heat-resistant steel for overseas markets declined, while demand fell below plan due to prolonged inventory adjustments in the semiconductor manufacturing equipment industry. At the same time, profit increased as the Company promoted cost-reduction initiatives while investing in IT infrastructure upgrades and research and development. In the Real Estate Leasing Business, both net sales and profit increased, mainly due to an increase in renovation work associated with tenant replacements at commercial facilities. The decision to pay no year-end dividend and not to disclose earnings forecasts was based on the tender offer and the planned delisting thereafter.