Kobelco maintains FY2026 ordinary profit forecast at JPY 120 billion

Reuters2026/08/05 04:04

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Kobelco kept its fiscal 2026 outlook unchanged, projecting ordinary profit of JPY 120 billion, profit attributable to owners of parent of JPY 100 billion.
Forecast assumes demand stays sluggish from Q2, especially in automotive, construction, civil engineering; ROIC seen at about 5.5%.
Middle East-driven crude oil cost pressures seen cutting annual earnings by JPY 12 billion, worsening by JPY 2 billion versus the prior forecast.
Free cash flow forecast cut to JPY 0, citing weaker ordinary profit excluding inventory valuation despite higher inventory valuation gains.
Guidance follows Q1 ordinary profit of JPY 22.6 billion, down JPY 6 billion year on year; net sales were JPY 578.3 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kobelco - Kobe Steel Ltd. published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kobelco maintains FY2026 ordinary profit forecast at JPY 120 billion

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