【Daido Steel】2027 Q1 Financial Results | Sales of 163.5 billion yen (+14.9% YoY)

Performance Overview

Daido Steel recorded sales of 163.5 billion yen (YoY +14.9%) in Q1 of fiscal 2027, with operating income increasing to 13.1 billion yen (YoY +51.4%). Segment-wise, sales of special steel and magnetic materials remained robust, supported by expanding demand in industrial machinery and semiconductors, contributing to overall strong performance. Rising raw material costs and ongoing cost reduction efforts also contributed to improved profit margins. The company aims to continue expanding demand and managing costs to achieve medium- to long-term growth.

Future Outlook and Shareholder Impact

Daido Steel is advancing capital expenditures and new product development to respond to growing demand in semiconductor and aerospace industries. The full-year earnings forecast for 2027 remains unchanged and is expected to be solid. The company will continue to focus on cost reduction and sales expansion while monitoring geopolitical risks and fluctuations in raw material prices. Dividends are planned to remain at 52 yen annually, in line with FY2026, emphasizing shareholder returns.