Revised forecast
Fiscal year ending March 2027 · Second quarter (cumulative) / Full yearPrevious forecast published 13 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Nickel prices have risen sharply since the end of last year, and, compounded by the weakening yen, stainless steel manufacturers announced substantial price increases. This led to growing expectations of further price increases in the market and generated front-loaded demand. Sales volume is also exceeding plan due to the sharp recovery in semiconductor demand. For the full year, the second-half plan remains unchanged in light of the easing of precautionary demand and the recent weakness in nickel prices, with only the revisions for the first half reflected.
| Item | Details |
|---|---|
| Net Sales | Cumulative second quarter: 25,000–28,000 / Full year: 52,000–57,000 → Cumulative second quarter: 27,000–30,000 / Full year: 54,000–59,000（Cumulative second quarter: 8.0–7.1% / Full year: 3.8–3.5%） |
| Operating profit | Cumulative second quarter: 600–800 / Full year: 1,700–2,100 → Cumulative second quarter: 1,000–1,300 / Full year: 2,100–2,600（Cumulative second quarter: 66.7–62.5% / Full year: 23.5–23.8%） |
| Ordinary income | Cumulative second quarter: 500–600 / Full year: 1,500–1,800 → Cumulative second quarter: 1,000–1,200 / Full year: 2,000–2,400（Cumulative second quarter: 100.0–100.0% / Full year: 33.3–33.3%） |
| Profit attributable to owners of the parent | Cumulative second quarter: 1,800–2,200 / Full year: 2,500–3,000 → Cumulative second quarter: 2,000–2,500 / Full year: 2,700–3,300（Cumulative second quarter: 11.1–13.6% / Full year: 8.0–10.0%） |
| Net income per share | Cumulative second quarter: 171.88–210.07 / Full year: 238.87–286.64 → Cumulative second quarter: 187.84–234.80 / Full year: 253.58–309.93 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (cumulative) / Full year |
| Publication date of previous forecast | 13 May 2026 |
| Previous-period results | Second-quarter results: net sales ¥24,449 million, operating income ¥564 million, ordinary income ¥526 million, net income attributable to owners of the parent ¥274 million, and net income per share ¥24.90 / Full-year results: net sales ¥49,725 million, operating income ¥1,298 million, ordinary income ¥1,259 million, net income attributable to owners of the parent ¥667 million, and net income per share ¥60.49 |
| Reason for the revision | Nickel prices have risen sharply since the end of last year, and, compounded by the weakening yen, stainless steel manufacturers announced substantial price increases. This led to growing expectations of further price increases in the market and generated front-loaded demand. Sales volume is also exceeding plan due to the sharp recovery in semiconductor demand. For the full year, the second-half plan remains unchanged in light of the easing of precautionary demand and the recent weakness in nickel prices, with only the revisions for the first half reflected. |
| Dividend forecast revision | No revision (unchanged from the previous forecast announced) |
| 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.Stainless steel manufacturers announced price increases against a backdrop of soaring nickel prices and the weaker yen, triggering front-loaded demand amid expectations of further price increases. In addition, sales volume is exceeding plan due to a sharp recovery in semiconductor demand. For the full year, the second-half plan remains unchanged, taking into account the easing of precautionary demand and the recent weakness in nickel prices.