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Tohoku Steel, Last Fiscal Year's Ordinary Profit Unexpectedly Declines, 13% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 5 yen

Wed May 14, 2025 4:00 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 May 14th (16:00). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 0.9% from the previous period to 1.37 billion yen, falling below the forecast of 1.48 billion yen, a complete reversal from the forecasted increase in profit. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 13.3% from the previous period to 1.19 billion yen. This will be the fourth consecutive term of declining profits.

At the same time, the company has decided to reduce the dividend this fiscal year to 35 yen, a decrease of 5 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 0.32 billion yen, a 28.2% decrease compared to the same period last year. The operating profit margin worsened from 8.3% in the same period last year to 6.9%.

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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 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 21,178 1,249 1,372 1,008 134.2 40 May 14, 2025 J-GAAP
YoY -0.7% -1.1% -0.9% +3.5% +3.7%

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 22,600 1,380 1,480 1,170 157.5 40 Oct 30, 2024 J-GAAP
Mar, 2025 Results 21,178 1,249 1,372 1,008 134.2 40 May 14, 2025 J-GAAP
Revision Rate -6.3% -9.5% -7.3% -13.8% -14.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 10,793 694 761 547 72.7 20 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 Guidance 10,400 480 510 350 47.1 15 May 14, 2025 J-GAAP
YoY -3.6% -30.8% -33.0% -36.0% -35.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 21,337 1,263 1,384 974 129.4 26 May 14, 2024 J-GAAP
Mar, 2025 21,178 1,249 1,372 1,008 134.2 40 May 14, 2025 J-GAAP
Mar, 2026 Guidance 20,900 1,100 1,190 850 114.4 35 May 14, 2025 J-GAAP
YoY -1.3% -11.9% -13.3% -15.7% -14.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 5,036 346 326 276 36.8 6.9 May 14, 2025 J-GAAP
YoY -6.3% -22.4% -28.2% +112.3% +112.7%

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