Godo Steel, Ltd. has sharply revised down its ordinary profit forecast for the current fiscal year, and now expects full-year ordinary profit to come in at ¥2.5 billion, 64.3% below its previous forecast. First-half results and second-quarter conditions also deteriorated, and the company is expected to finish below its initial plan.
According to its earnings report, Godo Steel, Ltd. posted consolidated ordinary profit of ¥250 million for the six months ended September 2026, the first half of the fiscal year ending March 2027, a substantial decline from the same period a year earlier. The result came in below the previous forecast of ¥1.0 billion.
On the same day, the company revised its full-year ordinary profit forecast down by 64.3%, from the previous forecast of ¥7.0 billion to ¥2.5 billion, and now expects the decline in profit to widen. Based on first-half results and the plan for the second half, ordinary profit for the second half is estimated at ¥2.24 billion, down 53.1% year on year.
The July-September quarter resulted in a loss of ¥720 million, compared with a profit of ¥2.61 billion in the same period a year earlier. The operating margin deteriorated from 5.4% in the same period a year earlier to -1.3%.
For the remainder of the fiscal year, the company has presented forecasts for the second half and a revised full-year plan. The new full-year forecast is below the previous plan, including changes to its underlying assumptions.