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Godo Steel plunges in afternoon session to new year-to-date low, plans 34% operating profit decline for March 2027

Mon Apr 27, 2026 2:58 pm JST Catalyst

GODO STEEL <5410> shares tumbled to a fresh yearly low in afternoon trading. The company released its full-year guidance for the fiscal year ending March 2027 alongside its results for the fiscal year ended March 2026 around 2 p.m. today. GODO STEEL projects revenue of 200.0 billion yen (up 4.3% year-on-year) but expects operating profit to drop to 6.5 billion yen (down 33.8% year-on-year). Simultaneously, the company forecast an annual dividend of 100 yen (40 yen interim, 60 yen year-end), a sharp cut from 180 yen a year earlier. Selling pressure intensified as investors reacted to the double blow of a significant profit slump and reduced shareholder returns. The outlook reflects surging prices for steel scrap, the company’s primary raw material, and rising costs linked to geopolitical tensions in the Middle East. For the fiscal year ended March 2026, revenue totaled 191.72 billion yen (down 6.5% year-on-year) with operating profit at 9.81 billion yen (down 28.6% year-on-year).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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