Chubu Steel Plate Revises Earnings Forecast, Announces Secondary Share Offering

Chubu Steel Plate Co., Ltd. (TSE: 5461) announced a downward revision to its consolidated earnings forecast for the fiscal year ending March 2026, citing lower steel prices and rising raw material costs. The company also revealed plans for a secondary share offering to improve market liquidity. This announcement follows a quarterly review of its financial results.

Earnings Forecast Revision

On February 25, 2026, Chubu Steel Plate lowered its full-year forecast as follows:

• Net Sales: ¥51.6 billion (down 2.3% from the previous forecast)
• Operating Profit: ¥1.0 billion (down 56.5%)
• Ordinary Profit: ¥1.1 billion (down 57.7%)
• Net Income Attributable to Owners of Parent: ¥1.1 billion (down 47.6%)
• Net Income Per Share (EPS): ¥40.61 (down from ¥77.52)

The company attributes the reduced forecast to a delay in implementing price revisions for heavy plate steel, resulting in lower-than-anticipated selling prices. The cost of iron scrap, a key raw material, has increased beyond initial projections, impacting profitability. Chubu Steel Plate Notice Regarding Revision of Earnings Forecast

Secondary Share Offering

Chubu Steel Plate has approved a secondary offering of its common stock, with an independent auditor completing a review of the consolidated financial results for the nine months ended December 31, 2025, prepared under Japanese GAAP, in connection with the offering. The previously disclosed quarterly figures remain unchanged. The purpose of the offering is to enhance the company’s market liquidity.

Dividend and Capital Efficiency

Despite the earnings revision, the company maintains its previously announced year-end dividend forecast of ¥54 per share. Chubu Steel Plate Notice Regarding Revision of Earnings Forecast Chubu Steel Plate also stated its intention to reduce consolidated equity to around ¥70.0 billion by the end of fiscal year 2027, signaling a continued commitment to shareholder returns. Chubu Steel Plate Notice Regarding Revision of Earnings Forecast

Company Overview

Chubu Steel Plate Co., Ltd. Is a Japanese steel producer listed on the Tokyo and Nagoya stock exchanges under the security code 5461. The company manufactures and sells steel plates and related products to industrial customers in Japan and potentially overseas. Chubu Steel Plate, Ordinary Profit Forecast for the Fiscal Year Revised As of February 26, 2026, the company’s market capitalization is approximately ¥64.6 billion. Google Finance The stock is currently trading at ¥2,385.00, up 0.88% as of 6:15 PM GMT+9. Google Finance