Chubu Steel Plate Co., Ltd.
Notice regarding Revisions to Earnings Forecast
The company, whose primary product is thick plates, revises downward its cumulative and full-year earnings forecast for the fiscal year ending March 2027. Revenue, operating income, ordinary income, net income attributable to owners of parent, and earnings per share are all expected to be lower than the previous forecast. It is anticipated that the impact of price revisions will take time to permeate, resulting in sales and profit shortfalls. The overall forecast for the full year 2027 shows a similar downward trend.
Key Figures
- Revenue: 29,500 million yen (cumulative) / 68,700 million yen (full year)
- Operating income: △800 million yen (cumulative) / 300 million yen (full year)
- Net income attributable to owners of parent: △500 million yen
- Earnings per share (basic): △18.68 yen
- Earnings per share (per share) for the period: △3.77 yen
AI要約
Overview of results
Chubu Steel Sheet has revised its cumulative and full-year earnings forecast for the fiscal year ending March 2027. While sales volume of its core product, thick plates, is largely in line with expectations, it is taking time for price revisions to permeate, leading to downward revisions in revenue and various profit figures. Forecasts for individual segments are broadly negative, and are expected to underperform initial plans.
Outlook and impact on investors
There is no notable impact from exchange rates in the currency information; the primary factors are the delayed permeation of price revisions, which compresses sales and profits. The 2027 full-year revision shows the same trend, and margin improvement is expected to take time. Investors should monitor downside risks to profits and the progress of price revisions.
Chubu Steel Plate Co., Ltd.
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