Komori
Sato Sho-Ji (8065) · InitiativeWorsenedLatest Revision of earnings forecasts (2026-07-31): "Advanced"

Strengthening Domestic and Overseas Sales and Profitability in the Steel Business

First written in FY2016. 20 of 35 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-07-31.

35entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q1 – FY2021AdvancedFY2022-Q1 – FY2024-Q1WorsenedFY2024-Q2 – FY20262016: 120162017: 320172018: 420182019: 420192020: 420202021: 420212022: 320222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies
Development and Sales Expansion of Customized, High-Value-Added ProductsA theme 11 companies write about · 0 as a headwind · 11 as a tailwind

Sato Sho-Ji moved to the "Worse" side of this theme in 2019.

The whole theme swung hardest in 2018: 1 of 7 companies on the "Worse" side.

6 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-31AdvancedRevision of earnings forecasts

    「Sales to the commercial vehicle industry, one of our core customer industries, remained solid.」

    Solid sales to the commercial vehicle industry were cited as a factor behind the upward revision of the earnings forecast.
  2. FY2026WorsenedAnnual report

    「In the Steel Business, sales to the commercial vehicle sector and the construction and industrial machinery sector, which are major customer industries, remained solid. However, due mainly to the impact of lower material prices, revenue was ¥175,823 million, down 1.2% year on year, and operating profit was ¥3,095 million, down 8.0%.」

    Sales to the main customer industries remained solid, but the Steel Business reported lower sales and operating income due in part to falling material prices.
  3. FY2026-H1WorsenedAnnual report

    「In the Steel Business, sales to the commercial vehicle sector and the construction and industrial machinery sector, which are major customer industries, remained solid. However, due mainly to the impact of lower material prices, revenue was ¥88,960 million, down 0.4% year on year, and operating profit was ¥1,348 million, down 11.7%.」

    Although sales to major customer industries remained solid, the Steel Business recorded declines in both revenue and operating profit due mainly to lower material prices, resulting in weaker profitability.
  4. FY2025WorsenedAnnual report

    「In the Steel Business, sales to the commercial vehicle sector and the construction and industrial machinery sector, which are major customer industries, remained weak. As a result, revenue was ¥177,897 million, down 2.1% year on year, and operating profit was ¥3,365 million, down 14.7%.」

    Due to weak sales to major customer industries, the Steel Business recorded declines in both revenue and operating profit.
  5. FY2025-H1WorsenedAnnual report

    「In the Steel Business, despite the impact of higher material prices, sales to the commercial vehicle sector and the construction and industrial machinery sector, which are major customer industries, remained weak. As a result, revenue was ¥89,342 million, down 3.1% year on year, and operating profit was ¥1,528 million, down 15.8%.」

    Despite the impact of higher material prices, the Steel Business recorded declines in both revenue and operating profit because sales to the commercial vehicle and construction and industrial machinery sectors were weak.
  6. FY2024-Q3WorsenedAnnual report

    「In the Steel Business, revenue was ¥137,984 million, up 0.4% year on year, due mainly to the impact of rising steel prices. However, operating profit was ¥2,862 million, down 6.7%, due mainly to higher procurement costs and selling, general and administrative expenses.」

    Revenue increased due to the impact of rising steel prices, but operating profit fell 6.7% year on year because of higher procurement costs and selling, general and administrative expenses, resulting in weaker profitability.
  7. FY2024-Q2WorsenedAnnual report

    「In the Steel Business, revenue was ¥92,178 million, up 2.9% year on year, due mainly to the impact of rising steel prices. However, operating profit was ¥1,814 million, down 0.6%, due mainly to higher procurement costs and selling, general and administrative expenses.」

    The Steel Business posted higher revenue due to the impact of rising steel prices, but operating profit declined because of higher procurement costs and selling, general and administrative expenses.
  8. FY2024-Q1AdvancedAnnual report

    「In the Steel Business, in addition to the impact of rising steel prices, sales to the commercial vehicle sector and the domestic construction and industrial machinery sector, which are major customer industries, remained solid. As a result, revenue was ¥46,010 million, up 8.6% year on year, and operating profit was ¥909 million, up 10.7%.」

    Against a backdrop of rising steel prices and solid sales to major customer industries, revenue and operating profit in the Steel Business exceeded the year-earlier levels.
  9. FY2023AdvancedAnnual report

    「In the Steel Business, in addition to the impact of rising steel prices, sales to the commercial vehicle sector and the domestic construction and industrial machinery sector, which are major customer industries, remained solid. As a result, revenue was ¥184,916 million, up 22.0% year on year, and operating profit was ¥4,166 million, up 22.8%.」

    Against a backdrop of rising steel prices and solid sales to major customer industries, revenue and operating profit in the Steel Business increased for the full fiscal year.
  10. FY2023-Q3AdvancedAnnual report

    「In the Steel Business, in addition to the impact of rising steel prices, sales to the commercial vehicle sector and the domestic construction and industrial machinery sector, which are major customer industries, remained solid. As a result, revenue was ¥137,408 million, up 25.0% year on year, and operating profit was ¥3,068 million, up 29.6%.」

    Against a backdrop of rising steel prices and solid sales to the commercial vehicle and domestic construction and industrial machinery sectors, revenue and operating profit in the Steel Business exceeded the year-earlier levels.
  11. FY2023-Q2AdvancedAnnual report

    「In the Steel Business, in addition to the impact of rising steel prices, sales to the commercial vehicle sector and the domestic construction and industrial machinery sector, which are major customer industries, remained solid. As a result, revenue was ¥89,620 million, up 26.9% year on year, and operating profit was ¥1,825 million, up 33.7%.」

    Against a backdrop of rising steel prices and solid sales to the commercial vehicle and domestic construction and industrial machinery sectors, the Steel Business recorded increases in both revenue and operating profit.
  12. FY2023-Q1AdvancedAnnual report

    「In the Steel Business, in addition to the impact of rising steel prices, sales to the commercial vehicle sector and the domestic construction and industrial machinery sector, which are major customer industries, remained solid. As a result, revenue was ¥42,372 million, up 25.5% year on year, and operating profit was ¥821 million, up 10.8%.」

    Against a backdrop of rising steel prices and solid sales to the commercial vehicle and domestic construction and industrial machinery sectors, the Steel Business recorded increases in both revenue and operating profit.
  13. FY2022-Q3AdvancedAnnual report

    「In the Steel Business, in addition to the impact of rising steel prices, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry remained steady. As a result, net sales were ¥10,993.6 million, with the year-on-year change shown as ―%, and operating income was ¥2,368 million, up 350.3% year on year.」

    Against a backdrop of rising steel prices and solid sales to the commercial vehicle and domestic construction and industrial machinery sectors, operating profit in the Steel Business increased 350.3% year on year.
  14. FY2022-Q2AdvancedAnnual report

    「In the Steel Business, in addition to the impact of rising steel prices, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry remained steady. As a result, net sales were ¥7,061.6 million, with the year-on-year change shown as −%, and operating income was ¥1,364 million, up 2063.0% year on year.」

    Operating income increased from ¥63 million in the same period of the previous year to ¥1,364 million, supported by higher steel prices and steady sales to the commercial vehicle and domestic construction and industrial machinery industries.
  15. FY2022-Q1AdvancedAnnual report

    「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry remained steady. As a result, net sales were ¥3,376.8 million, with the year-on-year change shown as −%, and operating income was ¥741 million, compared with an operating loss of ¥94 million in the same period of the previous year.」

    With sales to the commercial vehicle and domestic construction and industrial machinery industries remaining steady, the Steel Business shifted from an operating loss in the same period of the previous year to operating income.
  16. FY2021WorsenedAnnual report

    「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥11,268.9 million, down 16.2% year on year, and operating income was ¥1,155 million, down 29.3%.」

    Due to sluggish sales to the commercial vehicle and domestic construction and industrial machinery industries, the Steel Business reported lower net sales and operating income.
  17. FY2021-Q3WorsenedAnnual report

    「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥7,914 million, down 20.1% year on year, and operating income was ¥525 million, down 55.5%.」

    Due to sluggish sales to the commercial vehicle and domestic construction and industrial machinery industries, the Steel Business reported substantial declines in net sales and operating income for the cumulative third quarter.
  18. FY2021-Q2WorsenedAnnual report

    「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥4,814.1 million, down 28.4% year on year, and operating income was ¥63 million, down 92.2%.」

    Due to sluggish sales to the commercial vehicle and domestic construction and industrial machinery industries, the Steel Business reported a sharp decline in net sales, while operating income fell 92.2% year on year.
  19. FY2021-Q1WorsenedAnnual report

    「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥2,268.4 million, down 33.0% year on year, and the business reported an operating loss of ¥94 million, compared with operating income of ¥385 million in the same period of the previous year.」

    Due to sluggish sales to the commercial vehicle and domestic construction and industrial machinery industries, the Steel Business reported a sharp decline in net sales and shifted from operating income in the same period of the previous year to an operating loss.
  20. FY2020WorsenedAnnual report

    「In the Steel Business, the commercial vehicle industry, a major customer industry, performed steadily, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥13,451.4 million, down 2.8% year on year, and operating income was ¥1,635 million, down 24.5%, due partly to a decline in the profit margin caused by higher procurement costs.」

    Although the commercial vehicle industry remained steady, the Steel Business reported lower net sales and operating income due to sluggish domestic sales to the construction and industrial machinery industry and higher procurement costs.
  21. FY2020-Q3WorsenedAnnual report

    「In the Steel Business, the commercial vehicle industry, a major customer industry, performed steadily, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥9,906.4 million, down 4.7% year on year, and operating income was ¥1,181 million, down 28.5%, due partly to a decline in the profit margin caused by higher procurement costs.」

    Although the commercial vehicle industry remained steady, the Steel Business reported lower net sales and operating income due to sluggish domestic sales to the construction and industrial machinery industry and a decline in the profit margin caused by higher procurement costs.
  22. FY2020-Q2WorsenedAnnual report

    「In the Steel Business, the commercial vehicle industry, a major customer industry, performed steadily, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥6,726.7 million, down 1.1% year on year, and operating income was ¥808 million, down 29.2%, due partly to a decline in the profit margin caused by higher procurement costs.」

    Although the commercial vehicle industry remained steady, the Steel Business reported lower net sales and operating income due to sluggish domestic sales to the construction and industrial machinery industry and a decline in the profit margin caused by higher procurement costs.
  23. FY2020-Q1WorsenedAnnual report

    「In the Steel Business, the commercial vehicle industry, a major customer industry, performed strongly, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥3,387.3 million, up 0.5% year on year. Operating income was ¥385 million, down 37.0%, due partly to a decline in the profit margin caused by higher procurement costs.」

    Although the commercial vehicle industry performed strongly, operating income in the Steel Business fell 37.0% year on year due to sluggish domestic sales to the construction and industrial machinery industry and higher procurement costs.
  24. FY2019WorsenedAnnual report

    「In the Steel Business, net sales were ¥13,840.7 million, up 7.2% year on year, supported by strong performance in the commercial vehicle and construction and industrial machinery industries, its major customer industries. However, operating income was ¥2,208 million, down 14.3%, due to temporary expenses incurred in connection with the relocation of the Kanagawa Branch and the acceptance of unprofitable construction projects.」

    Although net sales increased, operating income fell 14.3% year on year due to relocation expenses and the acceptance of unprofitable construction projects.
  25. FY2019-Q3WorsenedAnnual report

    「In the Steel Business, net sales were ¥10,394 million, up 7.5% year on year, supported by strong performance in the commercial vehicle and construction and industrial machinery industries, its major customer industries. However, operating income was ¥1,694 million, down 12.8%, due to temporary expenses incurred in connection with the relocation of the Kanagawa Branch and the acceptance of unprofitable construction projects.」

    Although strong performance in the commercial vehicle and construction and industrial machinery industries lifted net sales, operating income fell 12.8% year on year due to relocation expenses for the Kanagawa Branch and the acceptance of unprofitable construction projects.
  26. FY2019-Q2WorsenedAnnual report

    「In the Steel Business, net sales were ¥6,802.6 million, up 7.4% year on year, supported by strong performance in the commercial vehicle and construction and industrial machinery industries, its major customer industries. However, operating income was ¥1,176 million, down 7.7%, due to temporary expenses incurred in connection with the relocation of the Kanagawa Branch.」

    Although strong performance in the major customer industries lifted net sales, operating income fell 7.7% year on year due to temporary expenses associated with the relocation of the Kanagawa Branch.
  27. FY2019-Q1WorsenedAnnual report

    「In the Steel Business, net sales were ¥3,369.9 million, up 7.4% year on year, supported by strong performance in the commercial vehicle and construction and industrial machinery industries, its major customer industries. However, operating income was ¥625 million, down 9.8%, because the increase in procurement prices was not passed through to selling prices in a timely manner and depreciation and temporary expenses were incurred in connection with the relocation of the Kanagawa Branch.」

    Although net sales increased in the Steel Business, operating income fell 9.8% year on year because higher procurement prices were not passed through to selling prices in a timely manner and relocation-related expenses were incurred, indicating weaker profitability.
  28. FY2018AdvancedAnnual report

    「In the Steel Business, net sales were ¥12,915.2 million, up 15.4% year on year, and operating income was ¥2,576 million, up 17.8%, supported by steady domestic and overseas sales in the commercial vehicle industry, a major customer industry, and a recovery in the construction and industrial machinery industry.」

    The Steel Business reported annual increases in net sales and operating income, supported by domestic and overseas commercial vehicle sales and a recovery in the construction and industrial machinery industry.
  29. FY2018-Q3AdvancedAnnual report

    「In the Steel Business, net sales were ¥9,671.1 million, up 17.3% year on year, and operating income was ¥1,941 million, up 29.9%, supported by steady domestic and overseas sales in the commercial vehicle industry, a major customer industry, and a recovery in the construction and industrial machinery industry.」

    Net sales and operating income exceeded the previous year, supported by steady domestic and overseas commercial vehicle sales and a recovery in the construction and industrial machinery industry.
  30. FY2018-Q2AdvancedAnnual report

    「In the Steel Business, net sales were ¥6,332.1 million, up 17.1% year on year, and operating income was ¥1,275 million, up 32.0%, supported by steady domestic sales in the commercial vehicle industry, a major customer industry, and a recovery in the construction and industrial machinery industry.」

    The Steel Business reported year-on-year increases in net sales and operating income, confirming improved profitability through the cumulative second quarter.
  31. FY2018-Q1AdvancedAnnual report

    「In the Steel Business, net sales were ¥3,137.6 million, up 16.7% year on year, and operating income was ¥694 million, up 53.7%, supported by steady domestic sales in the commercial vehicle industry, a major customer industry, and a recovery in the construction and industrial machinery industry.」

    In the Steel Business, net sales and operating income increased year on year, supported by steady domestic commercial vehicle sales and a recovery in the construction and industrial machinery industry.
  32. FY2017RestatedAnnual report

    「In the Steel Business, the group is promoting sales expansion to major users and of new products, initiatives to expand sales of processed products and components, relationship-building with mutually beneficial partners, development of underserved regions, strengthening its domestic workforce, and securing overseas personnel. It is also enhancing sales locations and developing markets and expanding sales in China, Southeast Asia, and South Asia.」

    The group reiterates Steel Business initiatives combining major users, new products, processed products and components, underserved regions, domestic and overseas personnel, and Asian locations.
  33. FY2016First statedAnnual report

    「In the Steel Business, the group is promoting expansion of its user base and sales of new products, as well as strengthening its domestic sales structure through the establishment, consolidation, and integration of sales and logistics locations and the establishment and renewal of facilities. It is also enhancing sales locations and developing markets and expanding sales in China, Southeast Asia, and South Asia.」

    The group lists user expansion, new products, domestic locations, and market development in Asia and South Asia.
Moved together

"Import and sales of non-ferrous metals, expanding into Southeast Asia" moved the same way as this thread, in the same document, in 23 of its 35 moves.

232216161515★123456
  1. ★This thread
  2. 1Import and sales of non-ferrous metals, expanding into Southeast Asia23×
  3. 2Sustained Earnings Growth22×
  4. 3Expansion of Overseas Sales Offices for Electronic Materials16×
  5. 4Prolonged Slump in the Construction Machinery Industry16×
  6. 5Market Price Fluctuations for Products and Raw Materials15×
  7. 6Promoting Labor-Saving and Efficiency-Enhancing Equipment and Sales in Asia15×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Sato Sho-Ji's next results are scheduled for 2026-11-05. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-07-31: "Advanced".
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Strengthening Domestic and Overseas Sales and Profitability in the Steel Business | SATO SHO-JI CORPORATION (8065) | Komori