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Japan Steel Works, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 3%, Oct-Dec Ordinary Profit Decreases by 37%
5631 The Japan Steel Works, Ltd. 【J-GAAP】
Earnings ReportThe Japan Steel Works, Ltd. <5631> [TSE Prime] announced its financial results after the market closed on February 9th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 18.5 billion yen, a 3.0% increase compared to the same period last year. Progress toward the full-year plan of 24.5 billion yen was 75.9%, also surpassing the five-year average of 69.0%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 8.6% from the same period last year, reaching 5.90 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 5.95 billion yen, a 37.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.6% in the same period last year to 8.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 173,887 | 11,238 | 12,709 | 8,968 | 121.9 | 63.7 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 172,734 | 17,035 | 18,059 | 12,378 | 168.2 | 76.9 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 201,143 | 17,525 | 18,598 | 14,938 | 202.9 | 75.9 | Feb 9, 2026 | J-GAAP |
| YoY | +16.4% | +2.9% | +3.0% | +20.7% | +20.7% |
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 | 140,279 | 14,535 | 14,893 | 11,952 | 162.4 | 48 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 154,338 | 12,308 | 11,853 | 8,408 | 114.2 | 44 | Nov 10, 2025 | J-GAAP |
| YoY | +10.0% | -15.3% | -20.4% | -29.7% | -29.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 252,501 | 18,014 | 19,945 | 14,278 | 194.0 | 59 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 248,556 | 22,824 | 23,495 | 17,961 | 244.0 | 86 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 290,000 | 24,500 | 24,500 | 18,500 | 251.3 | 88 | May 13, 2025 | J-GAAP |
| YoY | +16.7% | +7.3% | +4.3% | +3.0% | +3.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 64,457 | 8,746 | 9,457 | 6,369 | 86.5 | 13.6 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 75,822 | 5,789 | 5,436 | 5,583 | 75.9 | 7.6 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 67,544 | 5,272 | 5,618 | 4,381 | 59.5 | 7.8 | Aug 4, 2025 | J-GAAP |
| Jul - Sep, 2025 | 68,118 | 6,920 | 7,029 | 5,711 | 77.6 | 10.2 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 65,481 | 5,333 | 5,951 | 4,846 | 65.8 | 8.1 | Feb 9, 2026 | J-GAAP |
| YoY | +1.6% | -39.0% | -37.1% | -23.9% | -23.9% |
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