Daido Steel Co., Ltd.
Fiscal Year March 2026 Q3 Earnings Presentation
For the third quarter of fiscal 2025, revenue was 430.2 billion yen, operating income was 31.2 billion yen, and adjusted operating income was 29.7 billion yen, all declining year-over-year. The full-year outlook anticipates revenue of 575.0 billion yen, operating income of 36.0 billion yen, and adjusted operating income of 36.9 billion yen, indicating an upward revision.
Key Figures
- Revenue (Q3): 430.2 billion yen (Year-over-Year -3.8 billion yen)
- Operating Income (Q3): 31.2 billion yen (Year-over-Year -2.9 billion yen)
- Adjusted Operating Income (Q3): 29.7 billion yen (Year-over-Year -4.3 billion yen)
- Steel Sales Volume (Total Q3): 771 thousand tons (Year-over-Year -11 thousand tons)
- Fiscal 2025 Full-Year Operating Income Outlook: 36.0 billion yen (Year-over-Year +3.0 billion yen)
AI要約
Overview of Q3 Fiscal 2025 Earnings
The third quarter of fiscal 2025 saw a year-over-year decrease in both revenue and profit. Steel sales volume declined, and profits decreased due to reduced orders for forged free products, including drilling products. Temporary expenses of 2.7 billion yen associated with production allocation changes were incurred as planned, but profits surpassed plans due to increased sales and the yen's depreciation against foreign currencies.
Segment Performance and Outlook
Although revenue and operating income declined year-over-year across segments such as special steel materials, functional and magnetic materials, and automotive and industrial machine components, the full-year outlook projects revenue of 575.0 billion yen, operating income of 36.0 billion yen, and adjusted operating income of 36.9 billion yen, all exceeding previous expectations. This is mainly driven by the weaker yen and steady order intake. Continuous cost reductions focusing on fixed costs will also be pursued. Temporary expenses related to production allocation changes are expected to total 3.3 billion yen for the full year.
