Aichi SteelAICHI STEEL CORPORATION5482東証プライム鉄鋼FY ending Mar 2026, consolidated, IFRS

Aichi Steel FY ending Mar 2026 results

About 45% of Aichi Steel's sales come from Kitaeru Company, with Hagane Company and Stainless Company making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +1.7% from the prior year, operating profit +44.6%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +1.7% · profit +44.6%, calculated from disclosed figures.

Operating leverage: 26.39× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +1.7%¥299.3B → ¥304.3B
Gross profit: +16.0%¥39.9B → ¥46.3B
Operating income: +44.6%¥12B → ¥17.4B
Net income attributable to owners: +43.8%¥7.82B → ¥11.2B
Operating cash flow: +156.5%¥25.4B → ¥65B
Free cash flow: +1444.7%¥3.13B → ¥48.4B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥304.3B, up 1.7% from ¥299.3B.
Profits grew much faster than sales: operating income rose 44.6% to ¥17.4B and net income rose 43.8% to ¥11.2B.
Operating cash flow climbed from ¥25.4B to ¥65B, lifting free cash flow to ¥48.4B.

What drove the change

Selling prices fell, but higher volumes still pushed revenue up.
Kitaeru grew on more auto forgings sold at higher prices, while Stainless shrank as both volumes and prices dropped.
Cheaper scrap iron and other inputs, factory cost cuts, and better results at subsidiaries lifted profit. A drop in retirement benefit assets also added to operating cash flow.

Things to watch

Most steel and forgings go to carmakers, and sales depend heavily on Toyota and its group, so their vehicle volumes drive results.
If prices of scrap, ferroalloys, electricity, or LNG rise and cannot be passed on, margins get squeezed.
US tariffs and geopolitical tension make the outlook for the auto industry less certain.

Annual securities report, FY ending Mar 2026 / Management's analysis of financial position, results and cash flows · Annual securities report, FY ending Mar 2026 / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Aichi Steel sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥85
SG&A: ¥9
Operating profit: ¥6
Net profit kept: ¥4

Annual margin trends

Gross margin15.2%

Operating margin5.7%

Net margin3.7%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Kitaeru Company¥134.8B
45%
Op. margin 4.9%Industry: Auto Parts
Hagane Company¥105.6B
35%
Op. margin 7.7%Industry: Steel
Stainless Company¥38.9B
13%
Op. margin 1.0%Industry: Steel
Smart Company¥22.1B
7%
Op. margin 6.2%Industry: Electronic Components

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第122期(2025/04/01－2026/03/31)
ID S100YLIN2026-06-29Open
EDINET (FSA Japan)
有価証券報告書－第121期(2024/04/01－2025/03/31)
ID S100W7BL2025-06-27Open
EDINET (FSA Japan)
有価証券報告書－第120期(2023/04/01－2024/03/31)
ID S100TWE12024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第119期(2022/04/01－2023/03/31)
ID S100R0PP2023-06-22Open
EDINET (FSA Japan)
有価証券報告書－第118期(令和3年4月1日－令和4年3月31日)
ID S100OJDI2022-06-29Open
EDINET (FSA Japan)
訂正有価証券報告書－第117期(令和2年4月1日－令和3年3月31日)
ID S100M3KY2021-08-04Open

Extracted from XBRL: 44 / Derived from other figures: 1

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