15 companies · FY2026 results (earnings releases, consolidated)
Tokyo Tekko ranks first for operating margin in the Steel industry at 16.6%. The top three are Tokyo Tekko (16.6%), Maruichi (13.1%) and Daido Steel (7.3%).
Across the 15 companies the average is 6.1% and the median 5.4%. Chubu Steel Plate comes last at 1.8%, a gap of 14.8 percentage points to the leader.
6 of 15 companies are above the average.
Steel Industry TOP3













Shares 1Y is a closing-price reference (vs. about a year earlier).
| Rank | Company | Operating margin | Average salary | Revenue | Operating profit |
|---|---|---|---|---|---|
| 1 | Tokyo Tekko5445 | 16.6% | ¥7.58M | ¥72.5B | ¥12.0B |
| 2 | Maruichi5463 | 13.1% | ¥7.22M | ¥243.8B | ¥32.0B |
| 3 | Daido Steel5471 | 7.3% | ¥8.11M | ¥578.1B | ¥42.1B |
| 3 | Nippon Yakin5480 | 7.3% | ¥7.19M | ¥150.9B | ¥11.0B |
| 5 | Nippon Denko5563 | 6.7% | ¥7.58M | ¥77.3B | ¥5.2B |
| 6 | Yodoko5451 | 6.1% | ¥7.82M | ¥195.4B | ¥11.9B |
| 7 | Aichi Steel5482 | 5.7% | ¥8.02M | ¥304.3B | ¥17.4B |
| 8 | Kyoei Steel5440 | 5.4% | ¥7.43M | ¥315.1B | ¥17.0B |
| 9 | Kobe Steel5406 | 5.3% | ¥8.12M | ¥2.4T | ¥129.9B |
| 10 | Godo Steel5410 | 5.1% | ¥7.78M | ¥191.8B | ¥9.8B |
| 11 | JFE5411 | 3.0% | ¥12.3M | ¥4.5T | ¥135.4B |
| 12 | Yamato Kogyo5444 | 2.8% | ¥9.53M | ¥160.4B | ¥4.5B |
| 13 | Tokyo Steel5423 | 2.7% | ¥8.71M | ¥268.1B | ¥7.2B |
| 14 | Nippon Steel5401 | 2.4% | ¥9.09M | ¥10.1T | ¥242.9B |
| 15 | Chubu Steel Plate5461 | 1.8% | ¥7.06M | ¥51.1B | ¥923M |
Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.