Mitsubishi Steel Mfg.Co.,Ltd. [5632.T]
TOKYO, May 13 (Pulse News Wire) – Mitsubishi Steel Mfg.co.,ltd. (5632.T) reported a net profit increase of 29.2% to ¥31 billion for the fiscal year ending March 2026, despite a 27.3% drop in operating income to ¥48 billion due to furnace-related disruptions.
Sales revenue decreased slightly to ¥1.546 trillion compared to the previous year. The company's domestic steel materials division suffered significantly from reduced demand and production inefficiencies caused by furnace shutdowns, leading to lower sales volumes and operational losses. Conversely, spring manufacturing saw robust growth driven by increased orders and higher prices, contributing positively to overall performance.
Looking ahead, Mitsubishi Steel anticipates improved conditions in the fourth quarter of FY2027, projecting a return to profitability across its operations. However, the special loss related to furnace repairs will continue to impact earnings until recovery efforts stabilize production levels and restore normal operations. For the fiscal year ending March 2027, the company forecasts revenues of ¥1.14 trillion, with operating income expected to rise to ¥64 billion, reflecting anticipated improvements in furnace stability and supply chain efficiency.
Despite ongoing challenges, management remains optimistic about long-term prospects, aiming to capitalize on growing global demand for specialty steels and advanced machinery components.
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