Earnings digests and industry comparisons for Japan's biggest listed companies.
2 reports
The four electric-furnace and specialty steelmakers saw demand mix split Q1 FY2027 results. Daido Steel's operating profit rose 51.4% on AI and semiconductor demand, while Tokyo Steel swung to a loss as scrap costs climbed. Yamato Kogyo doubled net profit on U.S. affiliate earnings.
AI demand and raw-material costs widened profit gaps across the steelmakers.
Japan's Big 3 Steelmakers saw sharply different recoveries in Q1 FY2027. Nippon Steel's revenue climbed 40.4% and it swung to profit, while Kobe Steel posted lower operating profit despite higher sales, exposing a gap in earnings quality.
Nippon Steel returned to profit as Kobe Steel's earnings weakened.
