Fiscal Year Ending March 2027 Second Quarter (Interim) Financial Summary [Japan GAAP] (Consolidated)

Overview of Results

The Steel segment recorded a significant profit decline as the spread between scrap iron prices and steel selling prices narrowed, whereas the Automotive & Industrial Machinery Parts segment saw revenue growth driven by increased shipment volumes and a temporary profit boost resulting from changes in how raw material price increases are passed through to selling prices. Interim net income increased 27.2% year-over-year, with operating income and ordinary income showing slight increases or remaining stable. For the full year, the company plans to continue appropriate steel price increases and growth investments while taking into account external factors such as rising energy costs.

Outlook and Dividends

The full-year forecast expects revenue of 332,000 million yen, operating income of 8,500 million yen, ordinary income of 8,600 million yen, and net income attributable to owners of the parent of 7,600 million yen, with some revisions from the previous forecast. The dividend forecast is 135 yen per year including the year-end dividend. The company will continue to advance its medium-term management plan and promote growth investments.