Komori
Earnings5658NICHIA STEEL WORKS,LTD.Iron & Steel, Nonferrous Metals

Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ending March 2026, revenue decreased 1.0% due to lower sales volumes, while operating profit increased 6.1% on improved selling prices and cost reductions. Net income attributable to owners of the parent decreased 4.5% due to an increase in extraordinary losses.

Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
82
¥ million (year-on-year increase in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAP
Net Sales33,793¥ millionYear on year -1.0%Progress 96.6%
Operating profit1,431¥ millionYear on year +6.1%Progress 98.7%
Ordinary income2,229¥ millionYear on year +4.2%Progress 111.5%
Net income attributable to owners of the parent1,017¥ millionYear on year -4.5%

The 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. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥22.22
Operating Margin4.2%
Financial position at period-end
Total assets73,097¥ million
of which net assets 57,206 ¥ millionEquity ratio 73.1%vs. prior year-end +1.5pt

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.

Cash inflows and outflows
Operating+3,038
Investment-836
Financials-2,187
Net change+15

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.

Cash and cash equivalents at end of period¥7,356 million
Segment revenueOrdinary Wire Products ¥9,188 million (YoY -2.2%), Specialty Wire Products ¥17,287 million (YoY +2.4%), Bolt and Screw Wire Products ¥6,673 million (YoY -6.8%), Real Estate Leasing ¥161 million (YoY -1.4%)
Segment profitOrdinary Wire Products ¥498 million (YoY +59.4%), Specialty Wire Products ¥609 million (YoY +75.7%), Bolt and Screw Wire Products ¥210 million (YoY -63.3%), Real Estate Leasing ¥98 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥35,000 million (YoY +3.6%)
Operating profit¥1,450 million (YoY +1.3%)
Ordinary income¥2,000 million (YoY -10.3%)
Profit attributable to owners of the parent¥1,200 million (YoY +17.9%)
Annual Dividend Forecast¥10 → ¥10(0.0%)
Payout ratio45.0%
Shareholder Return PolicyMaintain total shareholder return, including share buybacks, at 50% or higher
Factors Behind Changes in Business Performance

Revenue declined due to lower sales volumes, but operating profit increased due to improved selling prices in response to rising costs and cost-reduction measures. Net income declined due partly to the recognition of a loss on the liquidation of an affiliated company in Thailand.

Disclosure regarding the going concern assumption

Not applicable (no matters to report in the notes on the going concern assumption)

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationAdded: 0 companies; removed: 0 companies (no material change in the scope of consolidation). TSN Wires Co., Ltd., an equity-method affiliate, was excluded from the scope of equity-method accounting.
Material subsequent eventsAt a meeting of the Board of Directors held on 14 May 2026, the Company resolved to repurchase its own shares. The maximum number of shares to be acquired is 500,000, the maximum total acquisition price is ¥200 million, and the acquisition period is 15 May 2026 to 29 March 2027.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥35,449 thousand, Gain on reversal of foreign currency translation adjustment ¥190,532 thousand / Extraordinary loss Impairment loss on investment securities ¥60,000 thousand, Loss on Disposal of Fixed Assets ¥67,034 thousand, Loss on Liquidation of Affiliates ¥1,016,800 thousand
Depreciation and amortization¥1,406,718 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End51,755,478
Treasury Shares at Period-End6,818,219
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025 to 31 March 2026
Net Sales¥33,793 million (YoY -1.0%)
Operating profit¥1,431 million (YoY +6.1%)
Ordinary income¥2,229 million (YoY +4.2%)
Profit attributable to owners of the parent¥1,017 million (YoY -4.5%)
Net income per share¥22.22
Operating Margin4.2%
Equity ratioEnd of the current fiscal period 73.1% / End of previous period 71.6%
Total assets¥73,097 million
Net assets¥57,206 million
Cash flows from operating activities¥3,038 million
Cash flows from investing activities¥-836 million
Cash flows from financing activities¥-2,187 million
Cash and cash equivalents at end of period¥7,356 million
Full-year earnings forecastNet Sales ¥35,000 million (YoY +3.6%) / Operating profit ¥1,450 million (YoY +1.3%) / Ordinary income ¥2,000 million (YoY -10.3%) / Profit attributable to owners of the parent ¥1,200 million (YoY +17.9%)
Annual Dividend Forecast¥10 → ¥10(0.0%)
Payout ratio45.0%
Shareholder Return PolicyMaintain total shareholder return, including share buybacks, at 50% or higher
Segment revenueOrdinary Wire Products ¥9,188 million (YoY -2.2%), Specialty Wire Products ¥17,287 million (YoY +2.4%), Bolt and Screw Wire Products ¥6,673 million (YoY -6.8%), Real Estate Leasing ¥161 million (YoY -1.4%)
Segment profitOrdinary Wire Products ¥498 million (YoY +59.4%), Specialty Wire Products ¥609 million (YoY +75.7%), Bolt and Screw Wire Products ¥210 million (YoY -63.3%), Real Estate Leasing ¥98 million
Depreciation and amortization¥1,406,718 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥35,449 thousand, Gain on reversal of foreign currency translation adjustment ¥190,532 thousand / Extraordinary loss Impairment loss on investment securities ¥60,000 thousand, Loss on Disposal of Fixed Assets ¥67,034 thousand, Loss on Liquidation of Affiliates ¥1,016,800 thousand
Disclosure regarding the going concern assumptionNot applicable (no matters to report in the notes on the going concern assumption)
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationAdded: 0 companies; removed: 0 companies (no material change in the scope of consolidation). TSN Wires Co., Ltd., an equity-method affiliate, was excluded from the scope of equity-method accounting.
Material subsequent eventsAt a meeting of the Board of Directors held on 14 May 2026, the Company resolved to repurchase its own shares. The maximum number of shares to be acquired is 500,000, the maximum total acquisition price is ¥200 million, and the acquisition period is 15 May 2026 to 29 March 2027.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End51,755,478
Treasury Shares at Period-End6,818,219
Factors Behind Changes in Business PerformanceRevenue declined due to lower sales volumes, but operating profit increased due to improved selling prices in response to rising costs and cost-reduction measures. Net income declined due partly to the recognition of a loss on the liquidation of an affiliated company in Thailand.
Items this document does not state (4)
Revision to Earnings ForecastRegional salesOrders received and order backlogImpairment loss

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.

Revenue declined due to lower sales volumes, while operating profit increased due to improved selling prices in response to rising costs and cost-reduction measures. Net income attributable to owners of the parent declined due partly to the recognition of a loss on the liquidation of an affiliated company in Thailand.

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Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | NICHIA STEEL WORKS,LTD. (5658) timely disclosure | Komori