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Kobe Steel, 1% Decrease in Ordinary Profit for The Current Fiscal Year

Mon May 11, 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 May 11th (13:00). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 22.8% from the previous period to 121 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 1.1% from the previous period to 120 billion yen. This will be the third consecutive term of declining profits.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 30.9% from the same period last year, reaching 31.8 billion yen. The operating profit margin remained almost flat, changing from 5.1% in the same period last year to 5.4%.

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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 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 2,436,581 129,883 121,336 93,717 237.8 80 May 11, 2026 J-GAAP
YoY -4.6% -18.2% -22.8% -22.0% -21.9%

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 2,440,000 130,000 110,000 100,000 252.8 80 Feb 6, 2026 J-GAAP
Mar, 2026 Results 2,436,581 129,883 121,336 93,717 237.8 80 May 11, 2026 J-GAAP
Revision Rate -0.1% -0.1% +10.3% -6.3% -5.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 1,181,447 62,565 57,663 62,830 159.5 40 Nov 10, 2025 J-GAAP
Apr - Sep, 2026 Guidance 1,240,000 60,000 45,000 35,000 88.5 40 May 11, 2026 J-GAAP
YoY +5.0% -4.1% -22.0% -44.3% -44.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 2,555,031 158,721 157,192 120,180 304.6 100 May 12, 2025 J-GAAP
Mar, 2026 2,436,581 129,883 121,336 93,717 237.8 80 May 11, 2026 J-GAAP
Mar, 2027 Guidance 2,560,000 150,000 120,000 100,000 252.9 80 May 11, 2026 J-GAAP
YoY +5.1% +15.5% -1.1% +6.7% +6.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2026 658,508 35,441 31,822 9,385 23.8 5.4 May 11, 2026 J-GAAP
YoY -1.9% +3.7% +30.9% +181.4% +181.8%

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