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

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%.

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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%

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