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KYOEI STEEL plunges in afternoon trading to new year-to-date low, projects 6% operating profit decline for fiscal year ending March 2027

Thu Apr 30, 2026 2:03 pm JST Catalyst

KYOEI STEEL LTD. <5440> plunged in afternoon trading, hitting a new year-to-date low for consecutive sessions. Around 1 p.m. today, the company disclosed its full-year earnings forecast for the fiscal year ending March 2027 alongside the announcement of its consolidated financial results for the fiscal year ended March 2026. The company projected sales of 360 billion yen (up 14.2% year-on-year), operating profit of 16 billion yen (down 5.7%), and net profit of 9 billion yen (down 8.8%), with selling pressure emerging in response to the anticipated profit decline. While the overseas steel business is expected to see revenue and profit growth, the domestic steel business is projected to face sluggish demand for construction steel materials in both residential and non-residential sectors due to labor shortages constraining construction capacity.

For the fiscal year ended March 2026, sales totaled 315.106 billion yen (down 2.4% year-on-year), operating profit reached 16.967 billion yen (up 10.7%), and net profit came to 9.864 billion yen (down 8.6%). While operating profit increased due to improved performance in the overseas steel business, net profit declined as a result of reduced insurance proceeds and other factors.

Source: MINKABU PRESS

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

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