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Japan Steel Works, First Half Ordinary Profit Increases by 47%, Jul-Sep Ordinary Profit Increases by 86%

Mon Nov 10, 2025 3:30 pm JST Earnings

5631 The Japan Steel Works, Ltd. 【J-GAAP】

Earnings Report

The Japan Steel Works, Ltd. <5631> [TSE Prime] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 12.6 billion yen, an increase 47.0% compared to the same period last year. Progress toward the full-year plan of 24.5 billion yen was 51.6%, also surpassing the five-year average of 38.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 20.4% from the same period last year to 11.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 85.7% from the same period last year, reaching 7.02 billion yen. The operating profit margin significantly improved from 6.6% in the same period last year to 10.2%.

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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 110,184 5,784 6,784 4,763 64.7 34.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 108,277 8,289 8,602 6,009 81.7 36.6 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 135,662 12,192 12,647 10,092 137.1 51.6 Nov 10, 2025 J-GAAP
YoY +25.3% +47.1% +47.0% +67.9% +67.9%

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 ー ー ー ー － 44 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 135,662 12,192 12,647 10,092 137.1 44 Nov 10, 2025 J-GAAP
Revision Rate － － － － －

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 140,279 14,535 14,893 11,952 162.4 48 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 154,338 12,308 11,853 8,408 114.2 44 Nov 10, 2025 J-GAAP
YoY +10.0% -15.3% -20.4% -29.7% -29.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 252,501 18,014 19,945 14,278 194.0 59 May 10, 2024 J-GAAP
Mar, 2025 248,556 22,824 23,495 17,961 244.0 86 May 13, 2025 J-GAAP
Mar, 2026 Guidance 290,000 24,500 24,500 18,500 251.3 88 May 13, 2025 J-GAAP
YoY +16.7% +7.3% +4.3% +3.0% +3.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 60,675 4,021 3,785 2,386 32.4 6.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 64,457 8,746 9,457 6,369 86.5 13.6 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 75,822 5,789 5,436 5,583 75.9 7.6 May 13, 2025 J-GAAP
Apr - Jun, 2025 67,544 5,272 5,618 4,381 59.5 7.8 Aug 4, 2025 J-GAAP
Jul - Sep, 2025 68,118 6,920 7,029 5,711 77.6 10.2 Nov 10, 2025 J-GAAP
YoY +12.3% +72.1% +85.7% +139.4% +139.3%

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