Kobe Steel,Ltd.'s share price has recently edged lower, while a major Japanese brokerage was reported to have raised its target price on 9 September. The first-quarter earnings summary for the fiscal year ending March 2027, released on 5 August 2026, showed revenue of ¥578.3 billion, operating profit of ¥20.4 billion and net profit of ¥12.2 billion, resulting in higher revenue but lower profit, while the full-year outlook calls for higher revenue and profit.
Kobe Steel,Ltd.'s share price recently edged lower, with the closing price falling from ¥2,029.5 on 4 September to ¥2,021 on 11 September. The stock was also reported to have remained range-bound in the low ¥2,000s over the most recent 5 trading days. In addition, SMBC Nikko raised its target price on 9 September, and many major Japanese brokerages were reported to have revised their assessments upward.
In its earnings results, revenue for the first quarter of the fiscal year ending March 2027 rose 1.6% year on year to ¥578.3 billion, while operating profit fell 34.8% to ¥20.4 billion and net profit fell 68.4% to ¥12.2 billion. The decline in special gains was cited as a factor. The company expects higher revenue and profit for the full year.