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An announcement from Daido Steel Co ( (JP:5471) ) is now available.
Daido Steel reported lower revenue and profits in the third quarter of the fiscal year ending March 2026 compared with the same period a year earlier, as a decline in specialty steel sales volumes and reduced orders for open-die forgings for drilling products weighed on performance. Despite booking ¥2.7 billion in planned one-time expenses tied to a change in production allocation, the company’s profits still exceeded its own projections, supported by stronger-than-expected sales and a weaker yen, although key profit indicators, including operating profit and profit attributable to owners of the parent, declined year on year.
The most recent analyst rating on (JP:5471) stock is a Hold with a Yen2258.00 price target. To see the full list of analyst forecasts on Daido Steel Co stock, see the JP:5471 Stock Forecast page.
More about Daido Steel Co
Daido Steel Co. operates in the specialty steel industry, producing high-grade steel materials and open-die forgings used in applications such as drilling-related products. The company’s performance is closely tied to industrial demand for specialty steel and capital investment trends in energy and manufacturing sectors, as well as currency movements that affect export competitiveness.
Average Trading Volume: 1,485,569
Technical Sentiment Signal: Buy
Current Market Cap: Yen406.8B
For detailed information about 5471 stock, go to TipRanks’ Stock Analysis page.