Mitsubishi Steel Mfg. Co., Ltd. Raises H1 Earnings Forecast on Blast Furnace Recovery
Mitsubishi Steel Mfg. Co., Ltd. (TSE:5632) has upgraded its interim earnings guidance for the fiscal year ending March 2027, citing faster-than-expected resolution of blast furnace disruptions in its specialty steel division.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 80.5bn | JPY 80.5bn | +0.0% |
| Operating Profit | JPY 2.00bn | JPY 2.80bn | +40.0% |
| Ordinary Income | JPY 1.40bn | JPY 2.20bn | +57.1% |
| 親会社株主に帰属する中間純利益 | JPY 700M | JPY 1.20bn | +71.4% |
| １株当たり中間純利益 | JPY 46.29/share | JPY 79.36/share | +JPY 33.07/share |
The company maintained its revenue forecast at JPY 80.5bn but significantly raised operating profit to JPY 2.80bn from JPY 2.00bn, a 40% increase. Ordinary income (keijo rieki), a Japan-specific metric capturing operating profit plus non-operating items, climbed 57.1% to JPY 2.20bn. Net profit attributable to parent company shareholders surged 71.4% to JPY 1.20bn, with earnings per share rising to JPY 79.36 from JPY 46.29.
Management attributed the upward revision primarily to accelerated recovery in its domestic specialty steel operations, where blast furnace troubles resolved ahead of initial projections. Additionally, the materials and equipment division performed better than anticipated, with momentum expected to persist through the second quarter. These operational improvements flowed through to ordinary income and net profit lines.
However, the company maintained its full-year consolidated earnings forecast unchanged, signaling caution amid persistent geopolitical uncertainties in the Middle East and broader macroeconomic headwinds. This conservative stance on full-year guidance suggests management views the interim outperformance as potentially cyclical rather than structural.
Source: Original filing (TDnet) | 日本語版
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