Daido Steel lifts first-half net profit to 18.26 billion yen
Japanese specialty steelmaker Daido Steel reported half-year results to September 30 and forecast net profit of 31 billion yen for the fiscal year.
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what happened
According to Dow Jones Newswires, Japanese steel company Daido Steel posted revenue of 330.65 billion yen for the half-year ended September 30, up from 284.50 billion yen a year earlier. Operating profit rose to 26.07 billion yen from 18.46 billion yen, and pretax profit reached 27.30 billion yen against 19.65 billion yen.
Net profit came in at 18.26 billion yen, compared with 12.94 billion yen a year earlier. Earnings per share were 91.37 yen versus 63.63 yen. The results are based on IFRS accounting standards.
For the fiscal year ending March 2027, Daido Steel expects operating profit of 46.00 billion yen, pretax profit of 47.00 billion yen and net profit of 31.00 billion yen.
why it matters
The release concerns a single industrial issuer, so its market impact is limited. For investors following Japanese metal producers, it offers a read on the company's recent earnings momentum and its outlook for the coming year.
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- Daido Steel 1H Net Y18.26B Vs Net Y12.94B — Dow Jones Newswires, 29 October 2026 at 02:40 UTC
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