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Kobe Steel, 24% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 20 yen

Mon May 12, 2025 1:00 pm JST Earnings

5406 Kobe Steel, Ltd. 【J-GAAP】

Earnings Report

Kobe Steel, Ltd. <5406> [TSE Prime] announced its financial results in the afternoon session on May 12th (13:00). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 2.3% from the previous period to 157 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 23.7% from the previous period to 120 billion yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 80 yen, a decrease of 20 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 24.3 billion yen, a 9.9% decrease compared to the same period last year. The operating profit margin worsened from 7.2% in the same period last year to 5.1%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,472,508 86,365 106,837 72,566 183.8 40 May 11, 2023 J-GAAP
Mar, 2024 2,543,142 186,628 160,923 109,552 277.4 90 May 9, 2024 J-GAAP
Mar, 2025 2,555,031 158,721 157,192 120,180 304.6 100 May 12, 2025 J-GAAP
YoY +0.5% -15.0% -2.3% +9.7% +9.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 2,580,000 150,000 140,000 130,000 329.8 100 Feb 7, 2025 J-GAAP
Mar, 2025 Results 2,555,031 158,721 157,192 120,180 304.6 100 May 12, 2025 J-GAAP
Revision Rate -1.0% +5.8% +12.3% -7.6% -7.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 1,248,556 77,705 70,960 56,583 143.4 45 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 Guidance 1,240,000 60,000 55,000 50,000 127.2 40 May 12, 2025 J-GAAP
YoY -0.7% -22.8% -22.5% -11.6% -11.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,543,142 186,628 160,923 109,552 277.4 90 May 9, 2024 J-GAAP
Mar, 2025 2,555,031 158,721 157,192 120,180 304.6 100 May 12, 2025 J-GAAP
Mar, 2026 Guidance 2,550,000 140,000 120,000 100,000 254.0 80 May 12, 2025 J-GAAP
YoY -0.2% -11.8% -23.7% -16.8% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 669,435 48,389 26,997 -175 -0.4 7.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 590,733 31,072 35,045 24,044 60.9 5.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 657,823 46,633 35,915 32,539 82.4 7.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 635,498 46,826 61,913 46,229 117.2 7.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 670,977 34,190 24,319 17,368 44.0 5.1 May 12, 2025 J-GAAP
YoY +0.2% -29.3% -9.9%

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