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NAKAYAMA STEEL WORKS, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 55%, Oct-Dec Ordinary Profit Decreases by 98%

Thu Feb 5, 2026 3:00 pm JST Earnings

5408 NAKAYAMA STEEL WORKS, LTD. 【J-GAAP】

Earnings Report

NAKAYAMA STEEL WORKS, LTD. <5408> [TSE Prime] announced its financial results in the afternoon session on February 5th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 55.2% from the same period last year to 2.96 billion yen. Progress toward the full-year plan of 4.00 billion yen was 74.1%, also falling below the five-year average of 77.6%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 31.4% from the same period last year to 1.03 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.03 billion yen, a 98.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.8% in the same period last year to 0.6%.

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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 138,235 9,498 9,418 6,522 120.5 76.9 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 129,656 6,706 6,607 4,528 83.6 81.4 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 109,711 3,217 2,963 1,668 30.8 74.1 Feb 5, 2026 J-GAAP
YoY -15.4% -52.0% -55.2% -63.2% -63.2%

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 74,398 1,181 1,068 587 10.8 5 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 71,398 1,181 1,068 587 10.8 5 Feb 5, 2026 J-GAAP
Revision Rate -4.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 151,000 4,200 4,000 2,300 42.4 13 Oct 31, 2025 J-GAAP
Mar, 2026 New 148,000 4,200 4,000 2,300 42.4 13 Feb 5, 2026 J-GAAP
Revision Rate -2.0% 0.0% 0.0% 0.0% 0.0%

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 79,796 3,653 3,420 2,480 45.8 22 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 71,398 1,181 1,068 587 10.8 5 Feb 5, 2026 J-GAAP
YoY -10.5% -67.7% -68.8% -76.3% -76.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 184,445 12,327 12,244 8,904 164.4 50 May 8, 2024 J-GAAP
Mar, 2025 169,329 8,436 8,119 5,695 105.1 40 May 9, 2025 J-GAAP
Mar, 2026 Guidance 148,000 4,200 4,000 2,300 42.4 13 Feb 5, 2026 J-GAAP
YoY -12.6% -50.2% -50.7% -59.6% -59.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 40,123 1,923 1,908 1,313 24.2 4.8 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 39,673 1,730 1,512 1,167 21.5 4.4 May 9, 2025 J-GAAP
Apr - Jun, 2025 38,897 1,787 1,774 1,082 20.0 4.6 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 37,705 1,232 1,158 631 11.7 3.3 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 33,109 198 31 -45 -0.8 0.6 Feb 5, 2026 J-GAAP
YoY -17.5% -89.7% -98.4% － －

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