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HOKUETSU METAL, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 67%, Dividend Revised down by 22 Yen

Fri Aug 1, 2025 3:00 pm JST Earnings

5446 HOKUETSU METAL Co.,Ltd. 【J-GAAP】

Earnings Report

HOKUETSU METAL Co.,Ltd. <5446> [TSE Std] announced its financial results in the afternoon session on August 1st (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending March 2026 (April to June) significantly dropped 58.6% from the same period last year to 75 million yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 66.7%, from the previous forecast of 600 million yen to 200 million yen (compared to 796 million yen in the previous period), leading to an increase in the profit decline rate from 24.6% to 74.9%.

At the same time, the April to September period (first half) consolidated ordinary profit has decreased 60.0%, from the previous forecast of 250 million yen to 100 million yen (compared to 350 million yen in the same period of the previous year), leading to an increase in the profit decline rate from 28.6% to 71.4%.

Due to a decline in performance, the dividend for the first half of this fiscal year has been significantly reduced from the original plan of 10 yen to 4 yen, and the dividend for the second half has also been revised downward from the original plan of 20 yen to 4 yen. The annual dividend has been reduced from the original plan of 30 yen to 8 yen (compared to 45 yen in the previous period).

In the most recent three-month period, from April to June (1Q), the operating profit margin worsened from 1.6% in the same period last year to 0.4%.

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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 7,845 99 148 104 27.1 44.0 Aug 3, 2023 J-GAAP
Apr - Jun, 2024 8,019 130 181 99 25.9 51.7 Aug 1, 2024 J-GAAP
Apr - Jun, 2025 6,488 26 75 34 8.9 75.0 Aug 1, 2025 J-GAAP
YoY -19.1% -80.0% -58.6% -65.7% -65.6%

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 13,000 200 250 150 38.9 10 May 9, 2025 J-GAAP
Apr - Sep, 2025 New 12,500 50 100 50 13.0 4 Aug 1, 2025 J-GAAP
Revision Rate -3.8% -75.0% -60.0% -66.7% -66.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 26,000 500 600 350 90.7 30 May 9, 2025 J-GAAP
Mar, 2026 New 24,500 100 200 100 25.9 8 Aug 1, 2025 J-GAAP
Revision Rate -5.8% -80.0% -66.7% -71.4% -71.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 15,578 276 350 199 51.8 10 Nov 1, 2024 J-GAAP
Apr - Sep, 2025 Guidance 12,500 50 100 50 13.0 4 Aug 1, 2025 J-GAAP
YoY -19.8% -81.9% -71.4% -74.9% -75.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 31,823 528 656 467 121.6 35 May 10, 2024 J-GAAP
Mar, 2025 28,729 668 796 572 148.6 45 May 9, 2025 J-GAAP
Mar, 2026 Guidance 24,500 100 200 100 25.9 8 Aug 1, 2025 J-GAAP
YoY -14.7% -85.0% -74.9% -82.5% -82.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 8,019 130 181 99 25.9 1.6 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 7,559 146 169 100 26.0 1.9 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 7,062 286 314 221 57.4 4.0 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 6,089 106 132 152 39.5 1.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 6,488 26 75 34 8.9 0.4 Aug 1, 2025 J-GAAP
YoY -19.1% -80.0% -58.6% -65.7% -65.6%

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