Source disclosure: February 05, 2026
NAKAYAMA STEEL WORKS,LTD. [5408.T]
TOKYO, Feb 05 (Pulse News Wire) – Nakayama Steel Works,ltd. (5408.T) reported a decline in third-quarter revenue due to reduced sales volumes and the impact of a substation accident.
Revenue was ¥377 million compared to ¥389 million in the previous quarter, while operating profit dropped to ¥12 million from ¥18.80 billion. The company attributed the decrease to lower sales volumes across construction-related sectors and cheaper imported steel materials affecting pricing. Additionally, production cuts during the electrical furnace downtime contributed to the reduced earnings. In the balance sheet, cash and equivalents decreased by ¥103.1 billion, reflecting adjustments in accounts receivable and inventory levels.
Despite the downturn, the company maintained product supply to customers through alternative iron sources and managed to stabilize spreads despite falling raw material prices. For the fiscal year ending 2025, NAKAYAMA STEEL WORKS forecasts a further reduction in revenue to ¥714 million, down from its previous estimate of ¥798 million. The company plans to maintain dividend payments at ¥10 per share, aligning with earlier projections. Until the completion of the new electric furnace, the firm aims to sustain a payout ratio of more than 30%.
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