Nakayama Steel Works reports lower full-year net profit
Updated
Updated · MarketWatch · May 8
Nakayama Steel Works reports lower full-year net profit
6 articles · Updated · MarketWatch · May 8
For the year ended 31 March, net profit fell to Y2.46 billion from Y5.70 billion, while revenue dropped to Y148.31 billion from Y169.33 billion.
Operating profit declined to Y4.91 billion from Y8.44 billion, pretax profit to Y4.81 billion from Y8.12 billion, and earnings per share to Y45.44 from Y105.14.
The Japanese steelmaker's results, prepared under Japanese accounting standards, show profit and sales weakening across key measures in FY2026.
With profits halved, is Nakayama Steel's furnace investment a bold recovery plan or a reckless, high-stakes gamble?
Can a new 'green' furnace shield a Japanese steelmaker from US tariffs, Chinese oversupply, and soaring energy costs?