Aichi Steel boosts profit forecast, raises dividend on strong H1 performance

Aichi Steel Corporation reported actual second-quarter (interim) results for the fiscal year ending March 31, 2026, exceeding its previous forecasts. Revenue reached 149,808 million yen, compared to a forecast of 148,000 million yen. Operating profit surged to 8,784 million yen (forecast: 6,000 million yen), and profit attributable to owners of the parent was 5,605 million yen (forecast: 4,400 million yen). This positive performance was attributed to higher selling prices and lower purchase prices.

Consequently, the company revised its full-year consolidated financial forecasts for the fiscal year ending March 31, 2026. While the full-year revenue forecast remains unchanged at 300,000 million yen, operating profit is now projected to be 15,000 million yen (previous forecast: 14,000 million yen), and profit attributable to owners of the parent is expected to be 10,000 million yen (previous forecast: 9,500 million yen).

Aichi Steel also increased its annual dividend forecast to 138 yen per share (from 134 yen), comprising an interim dividend of 69 yen per share and a year-end dividend of 69 yen per share. This includes an ordinary dividend of 62 yen and a special dividend of 76 yen, reflecting a consolidated dividend payout ratio of 91% and additional shareholder returns totaling 5 billion yen.