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HOKUETSU METAL, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss, Dividend Revised down by 4 Yen

Thu Feb 5, 2026 3:00 pm JST Earnings

5446 HOKUETSU METAL Co.,Ltd. 【J-GAAP】

Earnings Report

HOKUETSU METAL Co.,Ltd. <5446> [TSE Std] announced its financial results in the afternoon session on February 5th (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) turned into a loss of 84 million yen (compared to a profit of 664 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 200 million yen to a loss of 350 million yen (compared to a profit of 796 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (second half) has been revised downward from an expected profit of 141 million yen to a loss of 409 million yen (compared to a profit of 446 million yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the company has significantly reduced its planned annual dividend for the current fiscal year from the original plan of 8 yen to 4 yen (compared to 45 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 143 million yen (compared to a profit of 314 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.0% in the same period last year to -3.0%.

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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 24,086 523 616 411 107.0 93.9 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 22,640 562 664 420 109.2 83.4 Feb 4, 2025 J-GAAP
Apr - Dec, 2025 18,339 -181 -84 -116 -30.1 ー Feb 5, 2026 J-GAAP
YoY -19.0% － － － －

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 12,103 100 141 87 22.6 4 Nov 5, 2025 J-GAAP
Oct - Mar, 2025 New 11,103 -450 -409 -413 -107.1 0 Feb 5, 2026 J-GAAP
Revision Rate -8.3% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 24,500 100 200 100 25.9 8 Aug 1, 2025 J-GAAP
Mar, 2026 New 23,500 -450 -350 -400 -103.7 4 Feb 5, 2026 J-GAAP
Revision Rate -4.1% － － － －

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 13,151 392 446 373 96.9 35 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 11,103 -450 -409 -413 -107.1 0 Feb 5, 2026 J-GAAP
YoY -15.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 31,823 528 656 467 121.6 35 May 10, 2024 J-GAAP
Mar, 2025 28,729 668 796 572 148.6 45 May 9, 2025 J-GAAP
Mar, 2026 Guidance 23,500 -450 -350 -400 -103.7 4 Feb 5, 2026 J-GAAP
YoY -18.2% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 7,062 286 314 221 57.4 4.0 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 6,089 106 132 152 39.5 1.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 6,488 26 75 34 8.9 0.4 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 5,909 -26 -16 -21 -5.8 -0.4 Nov 5, 2025 J-GAAP
Oct - Dec, 2025 5,942 -181 -143 -129 -33.5 -3.0 Feb 5, 2026 J-GAAP
YoY -15.9% － － － －

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