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Financial results presentation5741UACJ CorporationIron & Steel, Nonferrous Metals

FY2025 Earnings Presentation Materials

In FY2025, revenue exceeded ¥1 trillion for the first time, while business profit, net income and Adjusted EBITDA reached record highs. For FY2026, business profit and revenue are expected to increase, while net income is projected to decline due mainly to a decrease in the inventory impact and other factors.

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Contents of this document

Financial results presentationFY202514 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales11,817 Hundreds of millions of yen
Operating profit769 Hundreds of millions of yen
Ordinary income¥637 100 million profit before tax
Net income389 Hundreds of millions of yen
Results for the three months of the current quarter
FY2025 1Q
Net Sales2,620 Hundreds of millions of yen
Operating profit85 Hundreds of millions of yen
Business profit79 Hundreds of millions of yen
Net income13 Hundreds of millions of yen
FY2025 2Q
Net Sales2,781 Hundreds of millions of yen
Operating profit141 Hundreds of millions of yen
Business profit90 Hundreds of millions of yen
Net income61 Hundreds of millions of yen
FY2025 3Q
Net Sales3,015 Hundreds of millions of yen
Operating profit285 Hundreds of millions of yen
Business profit171 Hundreds of millions of yen
Net income175 Hundreds of millions of yen
FY2025 4Q
Net Sales3,401 Hundreds of millions of yen
Operating profit258 Hundreds of millions of yen
Business profit142 Hundreds of millions of yen
Net income140 Hundreds of millions of yen
Full-year earnings forecast
Revenue
13,000 Hundreds of millions of yen
Business profit
650 Hundreds of millions of yen
Operating profit
640 Hundreds of millions of yen
Net income
280 Hundreds of millions of yen
Adjusted EBITDA
1,090 Hundreds of millions of yen
Sales volume
1,365 thousand tonnes
Annual dividend
¥58 per share
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Capital investment is progressing as planned
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
From FY2024 actual results to FY2025 actual results
Increase in sales volume51 Hundreds of millions of yen
Sales-related variance-19 Hundreds of millions of yen
Manufacturing cost variance40 Hundreds of millions of yen
Energy and alloying metals-20 Hundreds of millions of yen
Depreciation and amortization-29 Hundreds of millions of yen
Other-16 Hundreds of millions of yen
From FY2025 actual results to the FY2026 outlook
Increase in sales volume226 Hundreds of millions of yen
Sales-related variance153 Hundreds of millions of yen
Manufacturing cost variance-25 Hundreds of millions of yen
Energy and alloying metals-39 Hundreds of millions of yen
Depreciation and amortization3 Hundreds of millions of yen
Other-150 Hundreds of millions of yen
Middle East risk-150 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
LME
$3,200 /t
Exchange rate (¥/$)
¥153 /$
Exchange rate (THB/$)
32.5 THB/$
Dubai crude oil
$90 /bbl
New initiatives
  • Execution of a strategic partnership MOU with Safran in the aerospace and defense sectors
  • Establishment of a supply structure for the mass production of landing-gear wheels during FY2026
  • Planned start of UATH shipments of can sheet to Europe from the second half of FY2026
  • Start-up of recycling facilities and expansion of UBC procurement routes
  • Maximization of production facilities and supply capacity in the aerospace and defense sectors
Key KPIsA metric the company considers important as a management benchmark.
  • Sales volume1,317 thousand tonnes
    Year on year against the same period last year+51 thousand tonnes
  • TAA sales volume487 thousand tonnes
    Year on year against the same period last year+8%
  • UATH sales volume319 thousand tonnes
    Year on year against the same period last year+4%
  • LME$2,772 /t
    Year on year against the same period last year+246$/t
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Only sales volume disclosed. Breakdown by unit price: Not disclosed
Segment results
UATH
Sales volume
319 thousand tonnes
Revenue
2,174 Hundreds of millions of yen
Business profit
-12 Hundreds of millions of yen
Year on year against the same period last yearSales volume: 306 thousand tonnes; revenue: ¥201.4 billion; business profit: ¥3.4 billion
TAA
Sales volume
487 thousand tonnes
Revenue
4,088 Hundreds of millions of yen
Business profit
310 Hundreds of millions of yen
Year on year against the same period last yearSales volume: 449 thousand tonnes; revenue: ¥291.7 billion; business profit: ¥24.9 billion
UWH
Revenue
395 Hundreds of millions of yen
Business profit
9 Hundreds of millions of yen
Year on year against the same period last yearRevenue: ¥37.5 billion; business profit: ¥1.4 billion
Medium-term management plan targets
Fourth Medium-Term Management PlanBusiness profit of ¥60 billion. With actual business profit of ¥48.2 billion in FY2025 and an FY2026 forecast of ¥65 billion, the target is expected to be achieved one year ahead of schedule
UACJ VISION 2030FY2030 sales in the aerospace and defense materials business at 2.3 times the FY2024 level
Financial targets
ROE
FY2025 actual12.2%
FY2027 target9% or more
ROIC
FY2025 actual7.1%
Target9%
Debt-to-equity ratio
FY2025 actual1.0x
Fourth Medium-Term Management Plan target level1.0x
Cost of shareholders’ equity
FY2025The 8% range
FY2027 targetThe 7% range
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
150 Hundreds of millions of yen
DetailsHigher procurement prices for raw materials and auxiliary materials due to the situation in the Middle East, delays in passing these increases through to selling prices, and declining demand due to supply disruptions in the supply chain
Market Size / Share
U.S. can sheet marketApproximately 2 million tonnes (2025)
U.S. can sheet import ratioApproximately 15%
U.S. can sheet demand growth rateApproximately 3% per year through 2030
Capital expenditures
¥527 100 million FY2025 actual, based on acceptance
Annual Dividend
FY2025
Annual¥55/share
Interim¥20/share
End of period¥35 per share
Fiscal 2026
Annual¥58/share
Interim¥29/share
End of period¥29/share
Payout ratio
Target during the period of the Fourth Medium-Term Management PlanAt least 30%
FY202525.6%
Fiscal 2026 outlook37.5%
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY2025
Net Sales11,817 Hundreds of millions of yen
Operating profit769 Hundreds of millions of yen
Ordinary income¥637 100 million (profit before tax)
Net income389 Hundreds of millions of yen
Results for the three months of the current quarterFY2025 1Q Net Sales 2,620 Hundreds of millions of yen / Operating profit 85 Hundreds of millions of yen / Business profit 79 Hundreds of millions of yen / Net income 13 Hundreds of millions of yen / FY2025 2Q Net Sales 2,781 Hundreds of millions of yen / Operating profit 141 Hundreds of millions of yen / Business profit 90 Hundreds of millions of yen / Net income 61 Hundreds of millions of yen / FY2025 3Q Net Sales 3,015 Hundreds of millions of yen / Operating profit 285 Hundreds of millions of yen / Business profit 171 Hundreds of millions of yen / Net income 175 Hundreds of millions of yen / FY2025 4Q Net Sales 3,401 Hundreds of millions of yen / Operating profit 258 Hundreds of millions of yen / Business profit 142 Hundreds of millions of yen / Net income 140 Hundreds of millions of yen
Full-year earnings forecastRevenue 13,000 Hundreds of millions of yen / Business profit 650 Hundreds of millions of yen / Operating profit 640 Hundreds of millions of yen / Net income 280 Hundreds of millions of yen / Adjusted EBITDA 1,090 Hundreds of millions of yen / Sales volume 1,365 thousand tonnes / Annual dividend ¥58 per share
Self-assessment against the planCapital investment is progressing as planned
Segment resultsUATH Sales volume 319 thousand tonnes / Revenue 2,174 Hundreds of millions of yen / Business profit -12 Hundreds of millions of yen / Year on year against the same period last year Sales volume: 306 thousand tonnes; revenue: ¥201.4 billion; business profit: ¥3.4 billion / TAA Sales volume 487 thousand tonnes / Revenue 4,088 Hundreds of millions of yen / Business profit 310 Hundreds of millions of yen / Year on year against the same period last year Sales volume: 449 thousand tonnes; revenue: ¥291.7 billion; business profit: ¥24.9 billion / UWH Sales volume Not disclosed / Revenue 395 Hundreds of millions of yen / Business profit 9 Hundreds of millions of yen / Year on year against the same period last year Revenue: ¥37.5 billion; business profit: ¥1.4 billion
Breakdown of Factors Affecting the ChangeFrom FY2024 actual results to FY2025 actual results Increase in sales volume 51 Hundreds of millions of yen / Sales-related variance -19 Hundreds of millions of yen / Manufacturing cost variance 40 Hundreds of millions of yen / Energy and alloying metals -20 Hundreds of millions of yen / Depreciation and amortization -29 Hundreds of millions of yen / Other -16 Hundreds of millions of yen / From FY2025 actual results to the FY2026 outlook Increase in sales volume 226 Hundreds of millions of yen / Sales-related variance 153 Hundreds of millions of yen / Manufacturing cost variance -25 Hundreds of millions of yen / Energy and alloying metals -39 Hundreds of millions of yen / Depreciation and amortization 3 Hundreds of millions of yen / Other -150 Hundreds of millions of yen / Middle East risk -150 Hundreds of millions of yen
Key KPIsIndicator name Sales volume / Value 1,317 thousand tonnes / Year on year against the same period last year +51 thousand tonnes, Indicator name TAA sales volume / Value 487 thousand tonnes / Year on year against the same period last year +8%, Indicator name UATH sales volume / Value 319 thousand tonnes / Year on year against the same period last year +4%, Indicator name LME / Value $2,772 /t / Year on year against the same period last year +246$/t
Unit price and quantity metricsOnly sales volume disclosed. Breakdown by unit price: Not disclosed
Assumptions Underlying the Business OutlookLME $3,200 /t / Exchange rate (¥/$) ¥153 /$ / Exchange rate (THB/$) 32.5 THB/$ / Dubai crude oil $90 /bbl
Risk amount incorporated into the outlook150 Hundreds of millions of yen
Medium-term management plan targetsFourth Medium-Term Management Plan Business profit of ¥60 billion. With actual business profit of ¥48.2 billion in FY2025 and an FY2026 forecast of ¥65 billion, the target is expected to be achieved one year ahead of schedule / UACJ VISION 2030 FY2030 sales in the aerospace and defense materials business at 2.3 times the FY2024 level
Financial targetsROE FY2025 actual 12.2% / FY2027 target 9% or more / ROIC FY2025 actual 7.1% / Target 9% / Debt-to-equity ratio FY2025 actual 1.0x / Fourth Medium-Term Management Plan target level 1.0x / Cost of shareholders’ equity FY2025 The 8% range / FY2027 target The 7% range
Annual DividendFY2025 Annual ¥55/share / Interim ¥20/share / End of period ¥35 per share / Fiscal 2026 Annual ¥58/share / Interim ¥29/share / End of period ¥29/share
Payout ratioTarget during the period of the Fourth Medium-Term Management Plan At least 30% / FY2025 25.6% / Fiscal 2026 outlook 37.5%
Capital expenditures¥527 100 million (FY2025 actual, based on acceptance)
Market Size / ShareU.S. can sheet market Approximately 2 million tonnes (2025) / U.S. can sheet import ratio Approximately 15% / U.S. can sheet demand growth rate Approximately 3% per year through 2030
New initiativesExecution of a strategic partnership MOU with Safran in the aerospace and defense sectors, Establishment of a supply structure for the mass production of landing-gear wheels during FY2026, Planned start of UATH shipments of can sheet to Europe from the second half of FY2026, Start-up of recycling facilities and expansion of UBC procurement routes, Maximization of production facilities and supply capacity in the aerospace and defense sectors
Items this document does not state (9)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesAcquisition of treasury sharesOrders 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 FY2025, results benefited from growing demand for can sheet, expanded recycling-material processing capacity in the United States, increased exports from Japan and the effects of price revisions, while UATH's earnings declined due to the appreciation of the baht and depreciation of the U.S. dollar. For FY2026, increased sales volumes, capturing demand, price revisions and the use of recycled materials are expected to drive profit growth, while the outlook incorporates a decrease in the inventory impact and other factors, as well as risks related to the situation in the Middle East.

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FY2025 Earnings Presentation Materials | UACJ Corporation (5741) timely disclosure | Komori