Japan Steel Works' profit soars 25.8% despite slight sales dip

The Japan Steel Works, Ltd. reported a 25.8% surge in profit attributable to owners of parent, reaching JPY 17.96 billion for the fiscal year ended March 31, 2025. This growth occurred despite a 1.6% dip in net sales, which totaled JPY 248.556 billion. Operating profit increased by 26.7% to JPY 22.824 billion, while ordinary profit rose by 17.8% to JPY 23.495 billion. The Material and Engineering Products Business saw increased production activity, contributing significantly to the profit surge. Orders received totaled JPY 310.295 billion, a 7.4% decrease year-on-year. The company forecasts net sales of JPY 290.0 billion and profit attributable to owners of parent of JPY 18.5 billion for the fiscal year ending March 31, 2026, with a dividend of JPY 88 per share expected. Key leadership changes are also slated for June 23, 2025.