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Japan Steel Works, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 42%, Oct-Dec Ordinary Profit Increases by 60%

Wed Feb 12, 2025 3:00 pm JST Earnings

5631 The Japan Steel Works, Ltd. 【J-GAAP】

Earnings Report

The Japan Steel Works, Ltd. <5631> [TSE Prime] announced its financial results in the afternoon session on February 12th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 18 billion yen, an increase 42.1% compared to the same period last year. The progress rate toward the full-year plan of 22.5 billion yen was 80.3%, also surpassing the five-year average of 69.9%.

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 drop 38.6% from the same period last year to 4.44 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 59.6% from the same period last year, reaching 9.45 billion yen. The operating profit margin drastically improved from 8.6% in the same period last year to 13.6%.

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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 162,196 6,041 7,444 3,319 45.1 49.8 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 173,887 11,238 12,709 8,968 121.9 63.7 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 172,734 17,035 18,059 12,378 168.2 80.3 Feb 12, 2025 J-GAAP
YoY -0.7% +51.6% +42.1% +38.0% +38.0%

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 142,317 12,230 13,161 9,515 129.3 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 161,723 13,711 13,898 9,991 135.7 38 Nov 8, 2024 J-GAAP
YoY +13.6% +12.1% +5.6% +5.0% +5.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 238,721 13,846 14,958 11,974 162.8 58 May 12, 2023 J-GAAP
Mar, 2024 252,501 18,014 19,945 14,278 194.0 59 May 10, 2024 J-GAAP
Mar, 2025 Guidance 270,000 22,000 22,500 16,000 217.4 76 Nov 8, 2024 J-GAAP
YoY +6.9% +22.1% +12.8% +12.1% +12.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 63,703 5,454 5,925 4,205 57.1 8.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 78,614 6,776 7,236 5,310 72.2 8.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 47,602 4,268 4,817 3,623 49.2 9.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 60,675 4,021 3,785 2,386 32.4 6.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 64,457 8,746 9,457 6,369 86.5 13.6 Feb 12, 2025 J-GAAP
YoY +1.2% +60.4% +59.6% +51.5% +51.5%

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