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Kobe Steel, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 33%, Oct-Dec Ordinary Profit Decreases by 49%

Fri Feb 6, 2026 1:00 pm JST Earnings

5406 Kobe Steel, Ltd. 【J-GAAP】

Earnings Report

Kobe Steel, Ltd. <5406> [TSE Prime] announced its financial results in the afternoon session on February 6th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 32.6% from the same period last year to 89.5 billion yen. Progress toward the full-year plan of 110 billion yen was 81.4%, almost the same as the five-year average of 80.6%.

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 decrease 15.8% from the same period last year to 20.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 31.8 billion yen, a 48.6% decrease compared to the same period last year. The operating profit margin worsened from 7.4% in the same period last year to 5.3%.

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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 1,873,707 138,239 133,926 109,727 277.8 83.2 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 1,884,054 124,531 132,873 116,845 296.2 84.5 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 1,778,073 94,442 89,514 84,332 214.1 81.4 Feb 6, 2026 J-GAAP
YoY -5.6% -24.2% -32.6% -27.8% -27.7%

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 1,283,553 67,435 52,337 37,170 94.0 40 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 New 1,258,553 67,435 52,337 37,170 94.0 40 Feb 6, 2026 J-GAAP
Revision Rate -1.9% 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 2,465,000 130,000 110,000 100,000 252.9 80 Nov 10, 2025 J-GAAP
Mar, 2026 New 2,440,000 130,000 110,000 100,000 252.9 80 Feb 6, 2026 J-GAAP
Revision Rate -1.0% 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 1,306,475 81,016 86,232 63,597 161.2 55 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,258,553 67,435 52,337 37,170 94.0 40 Feb 6, 2026 J-GAAP
YoY -3.7% -16.8% -39.3% -41.6% -41.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,543,142 186,628 160,923 109,552 277.4 90 May 9, 2024 J-GAAP
Mar, 2025 2,555,031 158,721 157,192 120,180 304.6 100 May 12, 2025 J-GAAP
Mar, 2026 Guidance 2,440,000 130,000 110,000 100,000 252.9 80 Feb 6, 2026 J-GAAP
YoY -4.5% -18.1% -30.0% -16.8% -17.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 635,498 46,826 61,913 60,262 152.7 7.4 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 670,977 34,190 24,319 3,335 8.5 5.1 May 12, 2025 J-GAAP
Apr - Jun, 2025 569,056 31,305 28,759 38,637 98.0 5.5 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 612,391 31,260 28,904 24,193 61.4 5.1 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 596,626 31,877 31,851 21,502 54.6 5.3 Feb 6, 2026 J-GAAP
YoY -6.1% -31.9% -48.6% -64.3% -64.3%

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