Sanyu (5697) raised its full-year net profit forecast for the year ending March 2027 to ¥800 million from ¥620 million and increased its planned year-end dividend to ¥40 per share from ¥30.
The steel bar maker now expects consolidated sales of ¥28.5 billion, up from its previous forecast of ¥26.5 billion, operating profit of ¥1.25 billion versus ¥900 million, and ordinary profit of ¥1.35 billion versus ¥1.0 billion. Earnings per share are forecast at ¥132.35, compared with ¥102.57 previously.
The company said production at automakers, its main customers, was recovering from a year earlier, when it was affected by the Trump administration's tariff policy, while the construction and industrial machinery sector also showed signs of improvement. It also cited better product yields, lower energy consumption per unit, revised processing fees, a recovery in sales volume, investment gains on corporate pension assets and the contribution of Megasas, which became a consolidated subsidiary from the second quarter. Sanyu acquired 30.0% of Megasas, in which group company Osaka Migaki already held 35.0%.
For the April-September first half, sales rose 10.6% to ¥14.012 billion, operating profit climbed 57.2% to ¥703 million, ordinary profit gained 58.7% to ¥767 million and net profit attributable to owners of the parent increased 55.4% to ¥468 million. Sales volume rose 6.6%. Bright steel bar sales grew 15.0% to ¥9.393 billion, while cold-heading wire sales rose 2.6% to ¥4.618 billion. Total assets stood at ¥22.788 billion at the end of September, with an equity ratio of 46.6%.
The interim dividend was ¥0, and the planned year-end payout of ¥40 compares with ¥30 for the previous year.
Next steps: The company plans to file its semiannual securities report on Nov. 13, 2026.
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| Shares to be purchased | 2.8 million shares (9.36%) |
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| Revised FY net profit forecast | ¥1.376 billion (+32.3%) |
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| H1 net sales | ¥25.54 billion (+41.2%) |
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| H1 operating profit | ¥135 million (down 60.2%) |
| Jason | |
| Shares transferred | 1.6 million shares |
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| Tender offer price | ¥2,100 per share |
| TISI Inc. | |
| FY net profit forecast | ¥57.5 billion (from ¥57.0 billion) |
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| FY net profit forecast (revised) | ¥36.0 billion (from ¥29.0 billion) |
| M&A / TOB | 16 |
| Guidance | 40 |
| Buybacks | 7 |
| Dividends | 7 |
| Capital | 6 |
| Earnings | 87 |
| People | 1 |
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