Industries›15 companies · latest full-year results
A core industry that produces steel materials from iron ore, providing essential materials for various sectors including automotive, construction, and shipbuilding.
The 15 steel companies we cover had combined revenue of ¥19.6T (+4.2% year over year) and operating profit of ¥679.1B, an industry-wide operating margin of 3.5%.
Nippon Steel leads on revenue (¥10.1T, a 51.2% share), and the top three hold 87% of industry sales. 2 grew both revenue and operating profit; 8 saw both fall.
Tokyo Tekko has the highest operating margin (16.6%); average pay across the industry is ¥8.23M, highest at JFE (¥12.3M).
Industry total
Steel · 15 companies
YoY compares companies with prior-year figures
StockShares are +6.9% over a year, behind the all-industry average (+14.9%) — #34 of 53 industries.Details
GuidanceCompany plans for FY2027 (15 companies combined): revenue +10.5%, operating profit +71.1%. Planned profit growth is above the all-industry plan (+13.0%).Details
Revisions6 raised and 4 cut this year's forecast. The biggest revision: Tokyo Steel (operating profit +125.0%).Details
Latest resultsYear to date through Q2, 8 companies combined: revenue +11.8%, operating profit +16.5% year over year. 2 are ahead of an even pace toward their full-year plan, 5 behind.Details
Disclosures8 TSE filings in the last 90 days (guidance revisions 4, dividends 3, M&A and restructuring 1).Details
Earnings dates8 companies report within 30 days, starting with Yamato Kogyo on Nov 2 and Yodoko on Nov 4.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q1 cumulative) |
|---|---|---|---|---|---|
| ¥242.9B | ¥630.0B | +159% | Up +18.9% | 23% |
| ¥135.4B | ¥215.0B | +58.8% | Unchanged | 22% |
| ¥129.9B | ¥150.0B | +15.5% | Unchanged | 14% |
| ¥42.1B | ¥46.0B | +9.3% | Up +15.0% | 57% |
| ¥17.0B | ¥9.5B | −44.0% | Down −40.6% | 64% |
| ¥17.4B | ¥15.0B | −13.6% | Down −14.3% | 49% |
| ¥7.2B | ¥1.0B | −86.2% | Up +125.0% | -354% |
| ¥32.0B | ¥36.9B | +15.2% | Unchanged | 25% |
 | ¥11.9B | ¥12.9B | +8.7% | Up +25.2% | 30% |
 | ¥9.8B | ¥1.8B | −81.7% | Down −72.3% | -9% |
 | ¥4.5B | ¥3.2B | −28.8% | Down −28.9% | -14% |
 | ¥11.0B | ¥18.5B | +68.6% | Up +42.3% | 52% |
 | ¥5.2B | ¥11.0B | +113% | Up +8.1% | 48% |
 | ¥12.0B | ¥10.0B | −17.0% | Unchanged | 49% |
 | ¥923M | ¥1.2B | +30.0% | Unchanged | -26% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Steel | −5.0% | −5.0% | +6.9% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −2.3pt | −4.1pt | −8.0pt |
Rank among industries:3M #35/531Y #34/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 7 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥10.1T | +15.7% | ¥242.9B | 2.4% | 51.2% | ¥9.09M | 41.3 | 32,102 |
| 2 | ¥4.5T | −6.6% | ¥135.4B | 3.0% | 23.1% | ¥12.3M | 48.0 | 60 |
| 3 | ¥2.4T | −4.6% | ¥129.9B | 5.3% | 12.4% | ¥8.12M | 39.9 | 11,895 |
| 4 | ¥578.1B | +0.6% | ¥42.1B | 7.3% | 2.9% | ¥8.11M | 40.1 | 3,347 |
| 5 | ¥315.1B | −2.4% | ¥17.0B | 5.4% | 1.6% | ¥7.43M | 41.3 | 1,007 |
| 6 | ¥304.3B | +1.7% | ¥17.4B | 5.7% | 1.5% | ¥8.02M | 39.6 | 2,525 |
| 7 | ¥268.1B | −18.0% | ¥7.2B | 2.7% | 1.4% | ¥8.71M | 39.5 | 1,135 |
| 8 | ¥243.8B | −6.8% | ¥32.0B | 13.1% | 1.2% | ¥7.22M | 40.9 | 586 |
| 9 | ¥195.4B | −6.3% | ¥11.9B | 6.1% | 1.0% | ¥7.82M | 42.5 | 1,228 |
| 10 | ¥191.8B | −6.5% | ¥9.8B | 5.1% | 1.0% | ¥7.78M | 40.6 | 772 |
| 11 | ¥160.4B | −4.7% | ¥4.5B | 2.8% | 0.8% | ¥9.53M | 39.1 | 106 |
| 12 | ¥150.9B | −12.3% | ¥11.0B | 7.3% | 0.8% | ¥7.19M | 43.8 | 1,171 |
| 13 | ¥77.3B | −1.2% | ¥5.2B | 6.7% | 0.4% | ¥7.58M | 42.2 | 799 |
| 14 | ¥72.5B | −12.2% | ¥12.0B | 16.6% | 0.4% | ¥7.58M | 38.9 | 607 |
| 15 | ¥51.1B | +0.1% | ¥923M | 1.8% | 0.3% | ¥7.06M | 41.1 | 379 |
| Industry total / average | ¥19.6T | +4.2% | ¥679.1B | 3.5% | 100% | ¥8.23M | 41.3 | 57,719 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
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