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Maruichi Steel Tube, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 3%

Mon Feb 9, 2026 3:30 pm JST Earnings

5463 Maruichi Steel Tube Ltd. 【J-GAAP】

Earnings Report

Maruichi Steel Tube Ltd. <5463> [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) increased 25.4% from the same period last year, reaching 25.9 billion yen.

However, the full-year forecast for consolidated ordinary profit has decreased 2.6%, from the previous forecast of 34.3 billion yen to 33.4 billion yen (compared to 26.6 billion yen in the previous period), leading to a reduction in the profit growth rate from 28.7% to 25.3%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 5.1%, from the previous forecast of 17.6 billion yen to 16.7 billion yen (compared to 11.9 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 47.0% to 39.5%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 53.7% from the same period last year, reaching 9.25 billion yen. The operating profit margin drastically improved from 7.2% in the same period last year to 13.5%.

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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 203,593 27,699 30,637 20,452 85.6 79.9 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 198,844 17,725 20,683 11,306 46.9 77.6 Feb 10, 2025 J-GAAP
Apr - Dec, 2025 183,167 23,907 25,932 17,058 75.0 77.6 Feb 9, 2026 J-GAAP
YoY -7.9% +34.9% +25.4% +50.9% +59.7%

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 124,461 16,978 17,619 11,510 50.3 22.50 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 New 122,761 16,078 16,719 11,010 48.1 22.50 Feb 9, 2026 J-GAAP
Revision Rate -1.4% -5.3% -5.1% -4.3% -4.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 245,000 32,400 34,300 22,200 97.0 44.83 Nov 10, 2025 J-GAAP
Mar, 2026 New 243,300 31,500 33,400 21,700 94.9 44.83 Feb 9, 2026 J-GAAP
Revision Rate -0.7% -2.8% -2.6% -2.3% -2.2%

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 128,143 9,918 11,983 19,664 82.0 25.34 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 122,761 16,078 16,719 11,010 48.1 22.50 Feb 9, 2026 J-GAAP
YoY -4.2% +62.1% +39.5% -44.0% -41.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 271,310 34,811 38,355 26,113 109.3 43.67 May 10, 2024 J-GAAP
Mar, 2025 261,649 22,918 26,646 27,033 112.8 43.67 May 9, 2025 J-GAAP
Mar, 2026 Guidance 243,300 31,500 33,400 21,700 94.9 44.83 Feb 9, 2026 J-GAAP
YoY -7.0% +37.4% +25.3% -19.7% -15.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 65,338 4,725 6,020 3,937 16.4 7.2 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 62,805 5,193 5,963 15,727 65.6 8.3 May 9, 2025 J-GAAP
Apr - Jun, 2025 59,717 6,694 7,517 4,117 17.9 11.2 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 60,822 8,728 9,164 6,573 28.7 14.4 Nov 10, 2025 J-GAAP
Oct - Dec, 2025 62,628 8,485 9,251 6,368 28.0 13.5 Feb 9, 2026 J-GAAP
YoY -4.1% +79.6% +53.7% +61.7% +71.2%

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