Maruichi Steel Tube Ltd.
Fiscal Year Ending March 2026 Q3 Financial Results Briefing
For the nine months ended March 2026, consolidated operating income increased 34.9% YoY to 23.97 billion yen. The full-year earnings forecast has been revised downward to net sales of 243.3 billion yen and operating income of 31.5 billion yen.
Key Figures
- Net Sales: 183.167 billion yen (YoY -7.9%)
- Operating Income: 23.97 billion yen (YoY +34.9%)
- Net Income Attributable to Owners of Parent (Interim): 17.058 billion yen (YoY +50.9%)
AI要約
Overview of Financial Performance
For the nine months ended March 2026, consolidated operating income was 23.97 billion yen, up 34.9% YoY, supported by a recovery in the U.S. market. Maruichi Steel Tube Ltd. alone posted an 18.0% increase in profits despite a 2.8% decrease in sales volume, prioritizing profitability. Maruichi Stainless Steel Tube experienced a 33.0% profit decline due to reduced exports to the U.S. and sluggish BA pipes for semiconductors. Net sales declined 7.9% YoY to 183.167 billion yen.
Revision of Earnings Forecast and Dividends
Taking into account weak demand in the Japan segment, the consolidated full-year plan was revised downward. Net sales are now projected at 243.3 billion yen (down 0.7% from the previous forecast), and operating income at 31.5 billion yen (down 2.8%). However, operating income is expected to increase by 8.6 billion yen compared to the prior fiscal year. Dividends are maintained at the previously announced level, with a dividend payout ratio of 46.7% and an expected total return ratio including share buyback of 117%.
