kabutan

Daido Steel, Net Income Forecast for the Fiscal Year Revised Upward by 9%

Thu Jan 29, 2026 3:30 pm JST Earnings

5471 Daido Steel Co., Ltd. 【IFRS】

Earnings Report

Daido Steel Co., Ltd. <5471> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 29th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 6.1% from the same period last year to 21.7 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 8.5%, from the previous forecast of 23.5 billion yen to 25.5 billion yen (compared to 28.3 billion yen in the previous period), and the declining rate is expected to decrease from 17.0% to 9.9%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 18.9%, from the previous forecast of 10.5 billion yen to 12.5 billion yen (compared to 16.1 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 34.6% to 22.3%.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 8.83 billion yen, a 19.9% decrease compared to the same period last year. The operating profit margin decreased from 10.5% in the same period last year to 8.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 438,769 38,128 40,584 28,729 97.3 90.1 Jan 31, 2024 IFRS
Apr - Dec, 2024 433,961 34,070 36,653 23,170 109.3 85.9 Jan 31, 2025 IFRS
Apr - Dec, 2025 430,230 31,190 33,209 21,767 107.7 88.6 Jan 29, 2026 IFRS
YoY -0.9% -8.5% -9.4% -6.1% -1.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 280,501 14,536 14,850 10,563 52.9 27 Oct 30, 2025 IFRS
Oct - Mar, 2025 New 290,501 17,536 17,850 12,563 62.9 27 Jan 29, 2026 IFRS
Revision Rate +3.6% +20.6% +20.2% +18.9% +18.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 565,000 33,000 34,500 23,500 117.6 49 Oct 30, 2025 IFRS
Mar, 2026 New 575,000 36,000 37,500 25,500 127.6 49 Jan 29, 2026 IFRS
Revision Rate +1.8% +9.1% +8.7% +8.5% +8.5%

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 291,506 21,150 23,045 16,162 76.8 26 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 290,501 17,536 17,850 12,563 62.9 27 Jan 29, 2026 IFRS
YoY -0.3% -17.1% -22.5% -22.3% -18.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 578,564 42,250 45,068 30,555 143.4 46 May 10, 2024 IFRS
Mar, 2025 574,945 39,408 42,653 28,314 134.6 47 May 8, 2025 IFRS
Mar, 2026 Guidance 575,000 36,000 37,500 25,500 127.6 49 Jan 29, 2026 IFRS
YoY +0.0% -8.6% -12.1% -9.9% -5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 150,522 15,812 17,045 11,018 52.0 10.5 Jan 31, 2025 IFRS
Jan - Mar, 2025 140,984 5,338 6,000 5,144 24.5 3.8 May 8, 2025 IFRS
Apr - Jun, 2025 142,352 8,658 9,721 6,416 31.2 6.1 Jul 28, 2025 IFRS
Jul - Sep, 2025 142,147 9,806 9,929 6,521 32.1 6.9 Oct 30, 2025 IFRS
Oct - Dec, 2025 145,731 12,726 13,559 8,830 43.7 8.7 Jan 29, 2026 IFRS
YoY -3.2% -19.5% -20.5% -19.9% -16.0%

Related Articles