【Joint Steel】 Revision of Earnings Results for the Second Quarter of FY2027 | Revenue 100 billion yen, Operating Profit 60 billion yen

Performance Overview

Joint Steel has revised its consolidated earnings forecast for the second quarter of FY2027, projecting revenue of 100 billion yen, a 2.0% increase from the previous forecast; however, profit figures have been significantly lowered, with operating income down 73.9% to 60 billion yen, ordinary income down 61.5% to 100 billion yen, and net income attributable to owners of parent down 38.5% to 80 billion yen. These revisions reflect delays in sales price adjustments and rising raw material costs. The actual results for the same period last year were 93,515 million yen in sales and 4,668 million yen in net income.

Outlook and Impact

The full-year consolidated earnings forecast remains unchanged from the initial projection, adopting a cautious outlook considering the uncertain outlook in the Middle East and trends in scrap metal prices. The revisions incorporate profit pressures caused by delayed sales price adjustments and soaring raw material prices. Future raw material price trends and exchange rate fluctuations could impact performance. Investors should pay attention to the company's pricing strategies and cost management trends.