Kobe SteelKobe Steel, Ltd.5406東証プライム鉄鋼FY ending Mar 2026, consolidated, J-GAAP

Kobe Steel FY ending Mar 2026 results

About 39% of Kobe Steel's sales come from Steel and Aluminum, with Construction Machinery and Advanced Materials making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed -4.6% from the prior year, operating profit -18.2%.

Revenue and profit pattern

Revenue and profit down

Revenue -4.6% · profit -18.2%, calculated from disclosed figures.

Operating leverage: 3.92× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥2.44T, down 4.6% from ¥2.56T a year earlier.
Operating income dropped 18.2% from ¥158.7B to ¥129.9B, and net income attributable to owners fell 22.0% from ¥120.2B to ¥93.7B.
Cash generation moved the other way: operating cash flow grew 36.0% to ¥201.7B, and free cash flow rose from ¥35B to ¥77.2B.

In steel, weak construction demand, tied to labor shortages and higher building costs, cut sales volume, and lower raw material prices pulled selling prices down.
In power, an extended inspection at the Kobe power plant reduced electricity sales, and one-off gains from fuel cost adjustment timing and power pricing shrank.
Machinery earned more on strong demand for isostatic presses and more service work, but higher costs, mainly fixed costs, weighed on group profit.
An impairment loss on fixed assets in the aluminum sheet business also hit net income.

China's steel overcapacity is still unresolved, which can swing steel supply, demand and prices.
Large moves in iron ore and coal prices or ocean freight rates can push costs beyond the company's plans.
Sudden tariff changes or geopolitical tension could disrupt the supply chain.

Annual Securities Report (173rd fiscal 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 (173rd fiscal term) / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

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

FY ending Mar 2026

Gross margin16.5%

Operating margin5.3%

Net margin3.8%

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

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

FY ending Mar 2026

Steel and Aluminum¥961.5B
39%
Op. margin 0.3%Industry: Non-ferrous Metals & Wires
Construction Machinery¥389.5B
16%
Op. margin 3.2%Industry: Construction & Farm Machinery
Advanced Materials¥320.2B
13%
Op. margin 2.7%Industry: Steel
Machinery¥269B
11%
Op. margin 17.4%Industry: Industrial Machinery
Electric Power¥203.2B
8%
Op. margin 17.1%Industry: Electric Power & Gas
Engineering¥191.5B
8%
Op. margin 6.6%Industry: Plant Engineering & Building Services
Welding¥95.6B
4%
Op. margin 6.1%Industry: Steel
Other¥4.08B
0%
Op. margin 124.7%

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

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第173期(2025/04/01－2026/03/31)
ID S100YCDA2026-06-18Open
EDINET (FSA Japan)
有価証券報告書－第172期(2024/04/01－2025/03/31)
ID S100VZ8O2025-06-18Open
EDINET (FSA Japan)
有価証券報告書－第171期(2023/04/01－2024/03/31)
ID S100TN6Q2024-06-19Open
EDINET (FSA Japan)
有価証券報告書－第170期(2022/04/01－2023/03/31)
ID S100QYHM2023-06-21Open
EDINET (FSA Japan)
有価証券報告書－第169期(令和3年4月1日－令和4年3月31日)
ID S100OAOM2022-06-22Open
EDINET (FSA Japan)
有価証券報告書－第168期(令和2年4月1日－令和3年3月31日)
ID S100LLZB2021-06-23Open

Extracted from XBRL: 55 / Derived from other figures: 2

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