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NAKAYAMA STEEL WORKS, 58% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 1 Yen, This Fiscal Year to Increase Dividend by 6 Yen

Fri May 8, 2026 1:00 pm JST Earnings

5408 NAKAYAMA STEEL WORKS, LTD. 【J-GAAP】

Earnings Report

NAKAYAMA STEEL WORKS, LTD. <5408> [TSE Prime] announced its financial results in the afternoon session on May 8th (13:00). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 40.8% from the previous period to 4.80 billion yen. For the fiscal year ending March 2027 is also bleak, with an expected significant drop by 58.4% from the previous period to 2.00 billion yen. This will be the fourth consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 13 yen to 14 yen (compared to 40 yen in the prior term), and has decided to increase the dividend this fiscal year to 20 yen, an increase of 6 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 21.9% from the same period last year, reaching 1.84 billion yen. The operating profit margin remained almost flat, changing from 4.4% in the same period last year to 4.4%.

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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 184,445 12,327 12,244 8,904 164.4 50 May 8, 2024 J-GAAP
Mar, 2025 169,329 8,436 8,119 5,695 105.1 40 May 9, 2025 J-GAAP
Mar, 2026 148,306 4,911 4,806 2,462 45.4 14 May 8, 2026 J-GAAP
YoY -12.4% -41.8% -40.8% -56.8% -56.8%

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 148,000 4,200 4,000 2,300 42.4 13 Feb 5, 2026 J-GAAP
Mar, 2026 Results 148,306 4,911 4,806 2,462 45.4 14 May 8, 2026 J-GAAP
Revision Rate +0.2% +16.9% +20.2% +7.0% +7.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 76,602 3,019 2,932 1,713 31.6 8 Nov 6, 2025 J-GAAP
Apr - Sep, 2026 Guidance 76,000 1,200 0 2,400 44.3 13 May 8, 2026 J-GAAP
YoY -0.8% -60.3% － +40.1% +40.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 169,329 8,436 8,119 5,695 105.1 40 May 9, 2025 J-GAAP
Mar, 2026 148,306 4,911 4,806 2,462 45.4 14 May 8, 2026 J-GAAP
Mar, 2027 Guidance 157,000 3,400 2,000 3,500 64.6 20 May 8, 2026 J-GAAP
YoY +5.9% -30.8% -58.4% +42.2% +42.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 39,673 1,730 1,512 1,167 21.5 4.4 May 9, 2025 J-GAAP
Apr - Jun, 2025 38,897 1,787 1,774 1,082 20.0 4.6 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 37,705 1,232 1,158 631 11.7 3.3 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 33,109 198 31 -45 -0.8 0.6 Feb 5, 2026 J-GAAP
Jan - Mar, 2026 38,595 1,694 1,843 794 14.7 4.4 May 8, 2026 J-GAAP
YoY -2.7% -2.1% +21.9% -32.0% -32.0%

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