Daido SteelDaido Steel Co., Ltd.5471東証プライム鉄鋼FY ending Mar 2026, consolidated, IFRS

Daido Steel FY ending Mar 2026 results

About 36% of Daido Steel's sales come from Specialty Steel, with Functional material and magnetic material and Automobile parts and industrial machine parts making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +0.6% from the prior year, operating profit +6.8%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +0.6% · profit +6.8%, calculated from disclosed figures.

Operating leverage: 12.25× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +0.6%¥574.9B → ¥578.1B
Gross profit: -2.8%¥104.2B → ¥101.3B
Operating income: +6.8%¥39.4B → ¥42.1B
Net income attributable to owners: +15.2%¥28.3B → ¥32.6B
Operating cash flow: +23.5%¥53.5B → ¥66.1B

Results at a glance

Revenue for FY ending Mar 2026 was ¥578.1B, almost flat from ¥574.9B (+0.6%).
Gross profit slipped to ¥101.3B (-2.8%), yet operating income climbed to ¥42.1B (+6.8%) and net income to ¥32.6B (+15.2%).
Operating cash flow grew to ¥66.1B from ¥53.5B, up 23.5%.

What drove the change

Orders from the auto industry, its biggest customer group, held at last year's level, so sales hardly changed.
Functional material and magnetic material earned more, helped by demand for magnets free of heavy rare earths and by the absence of last year's cost of closing a magnet subsidiary in China.
Automobile parts and industrial machine parts grew sales but earned less after booking one-off costs for shifting high-alloy production.

Things to watch

Production cuts at carmakers, a faster shift to EVs, or a weaker economy could hurt results.
Swings in the prices of scrap, ferroalloys, rare earths, power and LNG can raise costs and disrupt supply.
Geopolitical tension and trade policy changes could push up raw material prices or make them harder to get.

Annual Securities Report (102nd term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (102nd term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

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

FY ending Mar 2026

Cost of sales: ¥83
SG&A: ¥11
Other costs: ¥1
Operating profit: ¥7
Net profit kept: ¥6

Annual margin trends

Gross margin17.5%

Operating margin7.3%

Net margin5.6%

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

Specialty Steel¥207.8B
36%
Op. margin 6.4%Industry: Steel
Functional material and magnetic material¥199.8B
35%
Op. margin 7.5%Industry: Steel
Automobile parts and industrial machine parts¥117.9B
20%
Op. margin 6.9%Industry: Auto Parts
Engineering¥26.6B
5%
Op. margin 9.8%Industry: Industrial Machinery
Logistics and service¥26B
5%
Op. margin 11.6%Industry: Specialty Trading & Wholesale

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102期(2025/04/01－2026/03/31)
ID S100YNEC2026-06-30Open
EDINET (FSA Japan)
有価証券報告書－第101期(2024/04/01－2025/03/31)
ID S100W28E2025-06-23Open
EDINET (FSA Japan)
有価証券報告書－第100期(2023/04/01－2024/03/31)
ID S100TRHQ2024-06-26Open
EDINET (FSA Japan)
有価証券報告書－第99期(2022/04/01－2023/03/31)
ID S100R5A12023-06-27Open
EDINET (FSA Japan)
有価証券報告書－第98期(令和3年4月1日－令和4年3月31日)
ID S100OD7G2022-06-24Open
EDINET (FSA Japan)
有価証券報告書－第97期(令和2年4月1日－令和3年3月31日)
ID S100LLRJ2021-06-24Open

Extracted from XBRL: 43

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