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Kobe Steel, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 8%

Thu Aug 7, 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 August 7th (13:00). The consolidated ordinary profit for the first quarter of the fiscal year ending March 2026 (April to June) decreased 17.9% from the same period last year to 28.7 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 8.3%, from the previous forecast of 120 billion yen to 110 billion yen (compared to 157 billion yen in the previous period), leading to an increase in the profit decline rate from 23.7% to 30.0%.

At the same time, the April to September period (first half) consolidated ordinary profit has decreased 9.1%, from the previous forecast of 55.0 billion yen to 50.0 billion yen (compared to 70.9 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 22.5% to 29.5%.

In the most recent three-month period, from April to June (1Q), the operating profit margin remained almost flat, changing from 5.3% in the same period last year to 5.5%.

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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 598,689 34,040 35,904 25,451 64.4 39.2 Aug 8, 2023 J-GAAP
Apr - Jun, 2024 590,733 31,072 35,045 24,044 60.9 49.4 Aug 7, 2024 J-GAAP
Apr - Jun, 2025 569,056 31,305 28,759 38,637 98.0 57.5 Aug 7, 2025 J-GAAP
YoY -3.7% +0.7% -17.9% +60.7% +61.0%

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 1,240,000 60,000 55,000 50,000 127.2 40 May 12, 2025 J-GAAP
Apr - Sep, 2025 New 1,210,000 60,000 50,000 55,000 139.9 40 Aug 7, 2025 J-GAAP
Revision Rate -2.4% 0.0% -9.1% +10.0% +10.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,550,000 140,000 120,000 100,000 254.0 80 May 12, 2025 J-GAAP
Mar, 2026 New 2,480,000 130,000 110,000 100,000 254.0 80 Aug 7, 2025 J-GAAP
Revision Rate -2.7% -7.1% -8.3% 0.0% 0.0%

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 1,210,000 60,000 50,000 55,000 139.9 40 Aug 7, 2025 J-GAAP
YoY -3.1% -22.8% -29.5% -2.8% -2.4%

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 2,480,000 130,000 110,000 100,000 254.0 80 Aug 7, 2025 J-GAAP
YoY -2.9% -18.1% -30.0% -16.8% -16.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 569,056 31,305 28,759 38,637 98.0 5.5 Aug 7, 2025 J-GAAP
YoY -3.7% +0.7% -17.9% +60.7% +61.0%

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