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Daido Steel, 17% Decrease in Undisclosed Net Income for The Current Fiscal Year, The Undecided Dividend Raised by 2 Yen

Thu Oct 30, 2025 11:40 am JST Earnings

5471 Daido Steel Co., Ltd. 【J-GAAP】

Earnings Report

Daido Steel Co., Ltd. <5471> [TSE Prime] announced its financial results (based on IFRS) at noon (11:40) on October 30th. The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 6.5% from the same period last year, reaching 12.9 billion yen, resulting in an increase in profits compared to the previous forecast of a 34.2% decrease.

However, the full-year forecast, which was not disclosed, shows that consolidated net income decrease by 17.0% from the previous period to 23.5 billion yen.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop 34.6% from the same period last year to 10.5 billion yen.

At the same time, the company has decided to implement a annual dividend of 49 yen for the current fiscal year, which was previously undecided (compared to 47 yen in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated net income grew 21.3% from the same period last year, reaching 6.52 billion yen. The operating profit margin improved from 5.8% in the same period last year to 6.9%.

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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 287,235 17,695 18,973 11,757 55.2 42.1 Oct 30, 2023 IFRS
Apr - Sep, 2024 283,439 18,258 19,608 12,152 57.0 46.0 Oct 30, 2024 IFRS
Apr - Sep, 2025 284,499 18,464 19,650 12,937 63.6 57.0 Oct 30, 2025 IFRS
YoY +0.4% +1.1% +0.2% +6.5% +11.6%

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 275,000 12,500 13,000 8,000 40.0 16 May 8, 2025 IFRS
Apr - Sep, 2025 Results 284,499 18,464 19,650 12,937 63.6 22 Oct 30, 2025 IFRS
Revision Rate +3.5% +47.7% +51.2% +61.7% +58.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev ー ー ー ー － － May 8, 2025 IFRS
Mar, 2026 New 565,000 33,000 34,500 23,500 117.6 49 Oct 30, 2025 IFRS
Revision Rate － － － － －

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 291,506 21,150 23,045 16,162 76.8 26 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 280,501 14,536 14,850 10,563 52.9 27 Oct 30, 2025 IFRS
YoY -3.8% -31.3% -35.6% -34.6% -31.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 578,564 42,250 45,068 30,555 143.4 46 May 10, 2024 IFRS
Mar, 2025 574,945 39,408 42,653 28,314 134.6 47 May 8, 2025 IFRS
Mar, 2026 Guidance 565,000 33,000 34,500 23,500 117.6 49 Oct 30, 2025 IFRS
YoY -1.7% -16.3% -19.1% -17.0% -12.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 141,345 8,191 8,183 5,376 25.2 5.8 Oct 30, 2024 IFRS
Oct - Dec, 2024 150,522 15,812 17,045 11,018 52.0 10.5 Jan 31, 2025 IFRS
Jan - Mar, 2025 140,984 5,338 6,000 5,144 24.5 3.8 May 8, 2025 IFRS
Apr - Jun, 2025 142,352 8,658 9,721 6,416 31.2 6.1 Jul 28, 2025 IFRS
Jul - Sep, 2025 142,147 9,806 9,929 6,521 32.1 6.9 Oct 30, 2025 IFRS
YoY +0.6% +19.7% +21.3% +21.3% +27.2%

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