kabutan

Maruichi Steel Tube, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 3%

Mon Nov 10, 2025 3:30 pm JST Earnings

5463 Maruichi Steel Tube Ltd. 【J-GAAP】

Earnings Report

Maruichi Steel Tube Ltd. <5463> [TSE Prime] announced its financial results after the market closed on November 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 13.8% from the same period last year, reaching 16.6 billion yen.

However, the full-year forecast for consolidated ordinary profit has decreased 3.4%, from the previous forecast of 35.5 billion yen to 34.3 billion yen (compared to 26.6 billion yen in the previous period), leading to a reduction in the profit growth rate from 33.2% to 28.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand 47.0% from the same period last year, reaching 17.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 82.1% from the same period last year, reaching 9.16 billion yen. The operating profit margin drastically improved from 7.1% in the same period last year to 14.4%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 135,173 19,268 21,049 14,098 59.0 54.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 133,506 13,000 14,663 7,369 30.8 55.0 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 120,539 15,422 16,681 10,690 46.7 48.6 Nov 10, 2025 J-GAAP
YoY -9.7% +18.6% +13.8% +45.1% +51.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 127,300 15,700 16,600 10,200 44.8 22.33 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 120,539 15,422 16,681 10,690 46.7 22.33 Nov 10, 2025 J-GAAP
Revision Rate -5.3% -1.8% +0.5% +4.8% +4.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 263,900 33,600 35,500 23,400 101.6 44.83 Jul 7, 2025 J-GAAP
Mar, 2026 New 245,000 32,400 34,300 22,200 96.4 44.83 Nov 10, 2025 J-GAAP
Revision Rate -7.2% -3.6% -3.4% -5.1% -5.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 128,143 9,918 11,983 19,664 82.0 25.34 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 124,461 16,978 17,619 11,510 50.0 22.50 Nov 10, 2025 J-GAAP
YoY -2.9% +71.2% +47.0% -41.5% -39.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 271,310 34,811 38,355 26,113 109.3 43.67 May 10, 2024 J-GAAP
Mar, 2025 261,649 22,918 26,646 27,033 112.8 43.67 May 9, 2025 J-GAAP
Mar, 2026 Guidance 245,000 32,400 34,300 22,200 96.4 44.83 Nov 10, 2025 J-GAAP
YoY -6.4% +41.4% +28.7% -17.9% -14.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 65,994 4,714 5,032 856 3.6 7.1 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 65,338 4,725 6,020 3,937 16.4 7.2 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 62,805 5,193 5,963 15,727 65.6 8.3 May 9, 2025 J-GAAP
Apr - Jun, 2025 59,717 6,694 7,517 4,117 17.9 11.2 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 60,822 8,728 9,164 6,573 28.7 14.4 Nov 10, 2025 J-GAAP
YoY -7.8% +85.2% +82.1% +667.9% +704.8%

Related Articles