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TOKYO STEEL MANUFACTURING, The Current Fiscal Year's Ordinary Profit Turns to Loss, Dividend to Cut by 10 Yen

Fri Apr 24, 2026 2:00 pm JST Earnings

5423 TOKYO STEEL MANUFACTURING CO., LTD. 【J-GAAP】

Earnings Report

TOKYO STEEL MANUFACTURING CO., LTD. <5423> [TSE Prime] announced its financial results in the afternoon session on April 24th (14:00). The ordinary profit (non-consolidated) for the fiscal year ended March 2026 dropped by 72.7% from the previous period to 8.63 billion yen. For the fiscal year ending March 2027, the ordinary profit/loss is expected to turn into a loss of 2.50 billion yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 40 yen, a decrease of 10 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the ordinary profit/loss turned to a loss of 0.90 billion yen (compared to a profit of 6.79 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 9.1% in the same period last year to -1.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 367,242 38,066 39,719 27,958 253.5 50 Apr 26, 2024 J-GAAP
Mar, 2025 326,775 30,105 31,612 21,203 198.0 50 Apr 25, 2025 J-GAAP
Mar, 2026 268,095 7,230 8,632 11,557 112.6 50 Apr 24, 2026 J-GAAP
YoY -18.0% -76.0% -72.7% -45.5% -43.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 272,200 8,200 9,800 8,800 85.8 50 Jan 23, 2026 J-GAAP
Mar, 2026 Results 268,095 7,230 8,632 11,557 112.6 50 Apr 24, 2026 J-GAAP
Revision Rate -1.5% -11.8% -11.9% +31.3% +31.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 133,894 6,045 6,983 4,568 44.4 25 Oct 17, 2025 J-GAAP
Apr - Sep, 2026 Guidance 155,000 -4,000 -3,000 0 0.0 20 Apr 24, 2026 J-GAAP
YoY +15.8% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 326,775 30,105 31,612 21,203 198.0 50 Apr 25, 2025 J-GAAP
Mar, 2026 268,095 7,230 8,632 11,557 112.6 50 Apr 24, 2026 J-GAAP
Mar, 2027 Guidance 315,000 -4,000 -2,500 0 0.0 40 Apr 24, 2026 J-GAAP
YoY +17.5% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 72,063 6,593 6,791 4,339 40.5 9.1 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 73,862 4,767 5,314 3,728 36.2 6.5 Jul 18, 2025 J-GAAP
Jul - Sep, 2025 60,032 1,278 1,669 840 8.2 2.1 Oct 17, 2025 J-GAAP
Oct - Dec, 2025 67,952 2,130 2,553 4,831 47.0 3.1 Jan 23, 2026 J-GAAP
Jan - Mar, 2026 66,249 -945 -904 2,158 21.0 -1.4 Apr 24, 2026 J-GAAP
YoY -8.1% － － -50.3% -48.1%

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