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MOLITEC STEEL, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 28%

Thu Nov 13, 2025 2:00 pm JST Earnings

5986 MOLITEC STEEL CO.,LTD. 【J-GAAP】

Earnings Report

MOLITEC STEEL CO.,LTD. <5986> [TSE Std] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.4 times that of the same period last year, reaching 130 million yen.

However, the full-year forecast for consolidated ordinary profit has decreased 27.7%, from the previous forecast of 650 million yen to 470 million yen (compared to 322 million yen in the previous period), leading to a reduction in the profit growth rate from 2.0 times to 46.0%.

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 grow 26.9% from the same period last year, reaching 340 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 65 million yen (compared to a loss of 83 million yen in the same period last year). However, the operating profit/loss margin worsened from 0.4% in the same period last year to -0.1%.

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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 25,354 53 170 62 2.8 38.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 25,067 57 54 87 3.9 16.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 24,115 27 130 120 5.4 27.7 Nov 13, 2025 J-GAAP
YoY -3.8% -52.6% +140.7% +37.9% +37.8%

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 24,000 240 280 180 8.0 － May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 24,115 27 130 120 5.4 － Nov 13, 2025 J-GAAP
Revision Rate +0.5% -88.8% -53.6% -33.3% -32.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 49,000 510 650 430 19.2 4 May 14, 2025 J-GAAP
Mar, 2026 New 47,000 330 470 320 14.3 4 Nov 13, 2025 J-GAAP
Revision Rate -4.1% -35.3% -27.7% -25.6% -25.6%

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 25,431 339 268 242 10.8 4 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 22,885 303 340 200 8.9 4 Nov 13, 2025 J-GAAP
YoY -10.0% -10.6% +26.9% -17.4% -17.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 50,774 260 441 312 13.9 4 May 13, 2024 J-GAAP
Mar, 2025 50,498 396 322 329 14.7 4 May 14, 2025 J-GAAP
Mar, 2026 Guidance 47,000 330 470 320 14.3 4 Nov 13, 2025 J-GAAP
YoY -6.9% -16.7% +46.0% -2.7% -2.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,553 48 -83 27 1.2 0.4 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 12,708 130 77 8 0.4 1.0 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 12,723 209 191 234 10.5 1.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 12,137 36 65 55 2.5 0.3 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 11,978 -9 65 65 2.9 -0.1 Nov 13, 2025 J-GAAP
YoY -4.6% － － +140.7% +140.2%

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