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Godo Steel, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 14%, Dividend Revised down by 20 Yen

Fri Oct 31, 2025 1:15 pm JST Earnings

5410 Godo Steel,Ltd. 【J-GAAP】

Earnings Report

Godo Steel,Ltd. <5410> [TSE Prime] announced its financial results in the afternoon session on October 31st (13:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 4.0% from the same period last year to 6.30 billion yen, resulting in a decrease in profits compared to the previous forecast of a 6.5% increase.

In addition, the full-year forecast for consolidated ordinary profit has decreased 14.3%, from the previous forecast of 14.0 billion yen to 12.0 billion yen (compared to 15.4 billion yen in the previous period), leading to an increase in the profit decline rate from 9.2% to 22.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 35.7% from the same period last year to 5.69 billion yen.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 200 yen to 180 yen (compared to 240 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 4.6% from the same period last year, reaching 2.61 billion yen. The operating profit margin improved from 4.3% in the same period last year to 5.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 113,109 9,093 10,340 7,791 532.7 50.9 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 102,383 5,441 6,573 4,853 331.8 42.6 Nov 1, 2024 J-GAAP
Apr - Sep, 2025 93,515 5,431 6,309 4,668 319.2 52.6 Oct 31, 2025 J-GAAP
YoY -8.7% -0.2% -4.0% -3.8% -3.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 100,000 6,000 7,000 4,700 321.4 100 Apr 25, 2025 J-GAAP
Apr - Sep, 2025 Results 93,515 5,431 6,309 4,668 319.2 100 Oct 31, 2025 J-GAAP
Revision Rate -6.5% -9.5% -9.9% -0.7% -0.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 200,000 12,500 14,000 9,500 649.6 200 Apr 25, 2025 J-GAAP
Mar, 2026 New 195,000 10,500 12,000 8,500 581.2 180 Oct 31, 2025 J-GAAP
Revision Rate -2.5% -16.0% -14.3% -10.5% -10.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 102,816 8,308 8,849 6,469 442.4 140 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 Guidance 101,485 5,069 5,691 3,832 262.0 80 Oct 31, 2025 J-GAAP
YoY -1.3% -39.0% -35.7% -40.8% -40.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 222,850 17,850 20,301 15,193 1,038.8 280 Apr 26, 2024 J-GAAP
Mar, 2025 205,199 13,749 15,422 11,322 774.2 240 Apr 25, 2025 J-GAAP
Mar, 2026 Guidance 195,000 10,500 12,000 8,500 581.2 180 Oct 31, 2025 J-GAAP
YoY -5.0% -23.6% -22.2% -24.9% -24.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 49,001 2,125 2,505 2,028 138.7 4.3 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 51,981 3,865 4,343 3,085 210.9 7.4 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 50,835 4,443 4,506 3,384 231.4 8.7 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 47,903 2,961 3,690 2,935 200.8 6.2 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 45,612 2,470 2,619 1,733 118.5 5.4 Oct 31, 2025 J-GAAP
YoY -6.9% +16.2% +4.6% -14.5% -14.5%

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