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TOKYO STEEL MANUFACTURING, Ordinary Profit Forecast for First Half Revised Downward by 27%, Full Year also Reduced

Fri Jul 18, 2025 2:00 pm JST Earnings

5423 TOKYO STEEL MANUFACTURING CO., LTD. 【J-GAAP】

Earnings Report

TOKYO STEEL MANUFACTURING CO., LTD. <5423> [TSE Prime] announced its financial results in the afternoon session on July 18th (14:00). The ordinary profit (non-consolidated) for the first quarter of the fiscal year ending March 2026 (April to June) dropped 48.2% from the same period last year to 5.31 billion yen.

In addition, the April to September period (first half) ordinary profit has decreased 26.7%, from the previous forecast of 10.5 billion yen to 7.70 billion yen (compared to 14.8 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 29.5% to 48.3%.

Due to the deterioration of business performance in the first half of the year, the full-year forecast for ordinary profit has decreased 14.0%, from the previous forecast of 20.0 billion yen to 17.2 billion yen (compared to 31.6 billion yen in the previous period), leading to an increase in the profit decline rate from 36.7% to 45.6%.

In the most recent three-month period, from April to June (1Q), the operating profit margin significantly dropped from 10.3% in the same period last year to 6.5%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 102,755 12,286 12,956 8,845 79.9 57.6 Jul 21, 2023 J-GAAP
Apr - Jun, 2024 93,948 9,695 10,249 6,559 60.2 68.8 Jul 26, 2024 J-GAAP
Apr - Jun, 2025 73,862 4,767 5,314 3,728 36.2 69.0 Jul 18, 2025 J-GAAP
YoY -21.4% -50.8% -48.2% -43.2% -39.9%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 151,000 10,000 10,500 7,000 68.3 25 Apr 25, 2025 J-GAAP
Apr - Sep, 2025 New 139,500 7,100 7,700 5,000 48.8 25 Jul 18, 2025 J-GAAP
Revision Rate -7.6% -29.0% -26.7% -28.6% -28.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 305,000 19,000 20,000 13,000 126.8 50 Apr 25, 2025 J-GAAP
Mar, 2026 New 293,500 16,100 17,200 11,000 107.3 50 Jul 18, 2025 J-GAAP
Revision Rate -3.8% -15.3% -14.0% -15.4% -15.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 174,270 13,917 14,894 9,831 90.6 25 Oct 25, 2024 J-GAAP
Apr - Sep, 2025 Guidance 139,500 7,100 7,700 5,000 48.8 25 Jul 18, 2025 J-GAAP
YoY -20.0% -49.0% -48.3% -49.1% -46.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 367,242 38,066 39,719 27,958 253.5 50 Apr 26, 2024 J-GAAP
Mar, 2025 326,775 30,105 31,612 21,203 198.0 50 Apr 25, 2025 J-GAAP
Mar, 2026 Guidance 293,500 16,100 17,200 11,000 107.3 50 Jul 18, 2025 J-GAAP
YoY -10.2% -46.5% -45.6% -48.1% -45.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 93,948 9,695 10,249 6,559 60.2 10.3 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 80,322 4,222 4,645 3,272 30.2 5.3 Oct 25, 2024 J-GAAP
Oct - Dec, 2024 80,442 9,595 9,927 7,033 65.2 11.9 Jan 24, 2025 J-GAAP
Jan - Mar, 2025 72,063 6,593 6,791 4,339 40.5 9.1 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 73,862 4,767 5,314 3,728 36.2 6.5 Jul 18, 2025 J-GAAP
YoY -21.4% -50.8% -48.2% -43.2% -39.9%

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