Tohoku Steel, Oct-Dec (3Q) Ordinary Profit Decreases by 15%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Jan 29, 2025 4:45 pm JST Earnings

5484 Tohoku Steel Co.,Ltd. 【J-GAAP】

Earnings Report

Tohoku Steel Co.,Ltd. <5484> [TSE Std] announced its financial results after the market closed on January 29th (16:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.5% from the same period last year, reaching 1.04 billion yen. However, the progress rate toward the full-year plan of 1.48 billion yen was 70.7%, also falling below the five-year average of 75.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 4.4% from the same period last year to 0.43 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.28 billion yen, a 15.4% decrease compared to the same period last year. The operating profit margin worsened from 6.0% in the same period last year to 3.9%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	15,986	1,139	1,236	920	122.3	86.8	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	15,962	817	930	844	112.2	67.2	Jan 29, 2024	J-GAAP
Apr - Dec, 2024	16,142	903	1,046	732	97.3	70.7	Jan 29, 2025	J-GAAP
YoY	+1.1%	+10.5%	+12.5%	-13.3%	-13.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	10,631	762	791	365	48.5	16	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,807	686	719	623	83.9	20	Oct 30, 2024	J-GAAP
YoY	+11.1%	-10.0%	-9.1%	+70.7%	+72.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,557	1,297	1,424	1,118	148.5	33	May 11, 2023	J-GAAP
Mar, 2024	21,337	1,263	1,384	974	129.4	26	May 14, 2024	J-GAAP
Mar, 2025 Guidance	22,600	1,380	1,480	1,170	157.5	40	Oct 30, 2024	J-GAAP
YoY	+5.9%	+9.3%	+6.9%	+20.1%	+21.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,256	316	337	235	31.2	6.0	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	5,375	446	454	130	17.3	8.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,556	362	446	321	42.7	6.5	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	5,237	332	315	226	30.0	6.3	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	5,349	209	285	185	24.6	3.9	Jan 29, 2025	J-GAAP
YoY	+1.8%	-33.9%	-15.4%	-21.3%	-21.3%