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AICHI STEEL, Net Income Forecast for the Fiscal Year Revised Upward by 5%

Fri Oct 31, 2025 2:40 pm JST Earnings

5482 AICHI STEEL CORPORATION 【IFRS】

Earnings Report

AICHI STEEL CORPORATION <5482> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on October 31st (14:40). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 3.3 times that of the same period last year, reaching 5.60 billion yen, exceeded the previous forecast of 4.40 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 5.3%, from the previous forecast of 9.50 billion yen to 10.0 billion yen (compared to 7.82 billion yen in the previous period), increasing the growth rate from 21.5% to 27.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 28.4% from the same period last year to 4.39 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 134 yen to 138 yen (compared to 160 yen before the 4-for-1 forward stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 3.6 times that of the same period last year, reaching 2.03 billion yen. The operating profit margin significantly improved from 2.5% in the same period last year to 5.7%.

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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 149,314 4,722 5,217 3,254 41.2 47.7 Oct 31, 2023 IFRS
Apr - Sep, 2024 144,963 3,298 3,008 1,683 21.3 25.3 Oct 31, 2024 IFRS
Apr - Sep, 2025 149,808 8,784 9,305 5,605 83.0 58.2 Oct 31, 2025 IFRS
YoY +3.3% +166.3% +209.3% +233.0% +289.4%

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 148,000 6,000 6,000 4,400 68.7 67 Jul 31, 2025 IFRS
Apr - Sep, 2025 Results 149,808 8,784 9,305 5,605 83.0 69 Oct 31, 2025 IFRS
Revision Rate +1.2% +46.4% +55.1% +27.4% +20.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 300,000 14,000 14,000 9,500 147.9 134 Jul 31, 2025 IFRS
Mar, 2026 New 300,000 15,000 16,000 10,000 155.7 138 Oct 31, 2025 IFRS
Revision Rate 0.0% +7.1% +14.3% +5.3% +5.3%

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 154,324 8,718 8,899 6,137 78.1 22.50 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 150,192 6,216 6,695 4,395 68.4 69 Oct 31, 2025 IFRS
YoY -2.7% -28.7% -24.8% -28.4% -12.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 296,516 10,372 10,947 6,593 83.5 25 Apr 26, 2024 IFRS
Mar, 2025 299,287 12,016 11,907 7,820 99.5 40 Apr 25, 2025 IFRS
Mar, 2026 Guidance 300,000 15,000 16,000 10,000 155.7 138 Oct 31, 2025 IFRS
YoY +0.2% +24.8% +34.4% +27.9% +56.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 73,030 1,813 1,133 561 7.1 2.5 Oct 31, 2024 IFRS
Oct - Dec, 2024 76,909 4,409 5,049 3,975 50.3 5.7 Jan 31, 2025 IFRS
Jan - Mar, 2025 77,415 4,309 3,850 2,162 27.5 5.6 Apr 25, 2025 IFRS
Apr - Jun, 2025 75,086 4,528 4,610 3,568 50.8 6.0 Jul 31, 2025 IFRS
Jul - Sep, 2025 74,722 4,256 4,695 2,037 30.2 5.7 Oct 31, 2025 IFRS
YoY +2.3% +134.7% +314.4% +263.1% +324.8%

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