Maruichi Steel Tube (5463) Q1 2027 earnings summary

Executive summary

• Consolidated net sales rose 8.9% year-over-year to 65.0 billion yen (¥65,032 million), with operating income up 38.8% to 9.3 billion yen (¥9,290 million), driven by strong performance in Japan and North America.

• Net income attributable to owners increased 31.1% to 5.4 billion yen (¥5,400 million), and ordinary income grew 38.0% to 10.4 billion yen (¥10,374 million).

• Comprehensive income surged to ¥8,912 million from ¥467 million a year earlier.

• Full-year forecasts remain unchanged, reflecting confidence despite higher domestic coil prices.

Financial highlights

• Gross profit improved to ¥14,357 million from ¥11,563 million year-over-year.

• Basic earnings per share for the quarter was ¥24.42, reflecting the 3-for-1 stock split.

• Total assets increased to ¥433,099 million as of June 30, 2026, up from ¥422,374 million at March 31, 2026.

• Equity-to-asset ratio stood at 81.2% as of June 30, 2026.

• Japan segment operating income increased 30.8% year-over-year to 6.2 billion yen; North America nearly doubled to 2.0 billion yen.

• Maruichi Steel Tube (unconsolidated) saw sales volume up 3.5% and operating income up 15.1% to 4.85 billion yen.

• Four U.S. companies' operating income rose to 1.86 billion yen, benefiting from higher CRU prices.

• Maruichi Stainless Tube BA tube sales volume surged 62.1% to 142,000 tubes/month as semiconductor demand recovered.

Outlook and guidance

• Full-year net sales forecasted at ¥274,500 million, up 12.6% year-over-year; operating profit projected at ¥36,900 million, up 15.2% year-over-year.

• Profit attributable to owners of parent expected to reach ¥25,700 million, down 3.7% year-over-year.

• Basic earnings per share forecasted at ¥117.22 for the full year.

• Forecast incorporates risks from rising domestic coil prices.