Tokyo Steel Manufacturing Co., Ltd. · TSE:5423
Tokyo Steel Manufacturing — Q3 FY2025 Earnings Presentation
22 slides from Tokyo Steel Manufacturing's earnings presentation, Jan 23, 2026
Slide 1: Q3 FY2025 Financial Results Presentation
January 23, 2026 Q3 FY2025 Financial Results Presentation TOKYO STEEL MANUFACTURING CO., LTD. (TSE Prime: 5423) ©2026 TOKYO STEEL MANUFACTURING Co.,Ltd. All Rights Reserved
Slide 2: Outline
Outline Ｐ1 1 Q3 FY2025 Financial Results 2 Financial Result Forecasts for FY2025 3 Shareholder Return 4 Reference Information
Slide 3: Financial Results Highlights
Financial Results Highlights Ｐ2 Q3 FY2025 Financial Results (April-December) • Net sales: 201.8 billion yen, Operating profit: 8.2 billion yen • Product shipment volume: 2,066 thousand metric tons (of which, 1,768 thousand metric tons for domestic, 298 thousand metric tons for export) • Product ship
Slide 4: Q3 FY2025 Financial Results
1 Q3 FY2025 Financial Results
Slide 5: Summary of Q3 FY2025 Financial Results
Summary of Q3 FY2025 Financial Results Ｐ4 • Operating profit decreased by 65.2% compared to the previous 3Q result (23.5 billion yen 8.2 billion yen (cumulative)) • Operating profit increased by 4.8% compared to the 3Q plan (7.8 billion yen 8.2 billion yen (cumulative)) <Factors> • Product shipment
Slide 6: Trends in Product Shipment Volume
Trends in Product Shipment Volume Ｐ5 Trends in product shipment volume (domestic, export) and production of crude steel and steel Product shipment volume Domestic and export ratios and product mix products (thousand metric tons) FY24.3Q FY24.4Q FY25.1Q FY25.2Q FY25.3Q Domestic 640 596 609 553 605 (t
Slide 7: Trends in Product Shipping Price, Steel Scrap Purchase Price, and Metal Spread
Trends in Product Shipping Price, Steel Scrap Purchase Price, and Metal Spread Ｐ6 In 3Q, the product shipping price decreased by about 1,900 yen/metric ton compared with 2Q, and the steel scrap purchase price increased by about 2,700 yen/metric ton. As a result, the metal spread narrowed by about 4,
Slide 8: Trends in Our List Prices of Products and Steel Scrap
Trends in Our List Prices of Products (Hot Rolled Coil, H-Beam) and Steel Scrap (Tahara Plant/Special Grade, Onshore) Ｐ7 Yen/metric ton Trends in ホットコイル・H形鋼 当社建値推移 our list prices of Hot Rolled Coil and H-Beam 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Our list price of ホットコイル建値 Hot Rolle
Slide 9: Factors Affecting Operating Profit
Factors Affecting Operating Profit Ｐ8 FY2025 3Q Plan FY2025 3Q Results (October-December) *Operating profit is rounded. (million yen) Cost factor 2,100 1,750 Spread factor Volume factor -352 36 666 FY25.3Q FY25.3Q Operating profit (plan) Operating profit FY2025 FY2025 (results) Changes 3Q Plan 3Q Re
Slide 10: Factors Affecting Operating Profit
Factors Affecting Operating Profit Ｐ9 FY2024 3Q Results FY2025 3Q Results (April-December) *Operating profit is rounded. (million yen) 23,500 Spread factor Transaction gain 8,200 Volume factor Cost factor -16,528 3,000 -1,950 178 FY24.3Q FY25.3Q Operating profit FY2024 FY2025 Operating profit (resul
Slide 11: Factors Affecting Operating Profit
Factors Affecting Operating Profit Ｐ10 FY2025 2Q Results FY2025 3Q Results *Operating profit is rounded. (million yen) Cost factor 2,100 1,250 Spread factor Volume factor -3,243 182 3,911 FY25.2Q FY25.3Q Operating profit Operating profit FY2025 FY2025 (results) Changes (results) 2Q Results 3Q Result
Slide 12: Financial Result Forecasts for FY2025
2 Financial Result Forecasts for FY2025
Slide 13: Financial Result Forecasts for FY2025
Financial Result Forecasts for FY2025 Ｐ12 <External environment> • Continued uncertainty in overseas steel markets due to the sluggish Chinese economy • In the domestic market as well, construction delays and revisions due to labor shortages and rising construction costs are occurring one after anot
Slide 14: Factors Affecting Operating Profit
Factors Affecting Operating Profit Ｐ13 FY2024 Full year results FY2025 Full year plan *Operating profit is rounded. (million yen) 30,100 Spread factor Transaction gain 8,200 Volume factor Cost factor -23,825 3,000 -1,480 405 FY2024 full year FY2025 full year Operating profit Operating profit (plan)
Slide 15: Factors Affecting Operating Profit
Factors Affecting Operating Profit Ｐ14 FY2025 3Q Results FY2025 4Q Plan *Operating profit is rounded. (million yen) 2,100 Spread factor Volume factor Cost factor -958 95 0 FY25.3Q -1,237 FY25.4Q Operating profit Operating profit (results) (plan) FY2025 FY2025 Changes 3Q Results 4Q Plan Volume (metri
Slide 16: Shareholder Return
a9 EcoVision2050 Shareholder Return
Slide 17: Shareholder Return
Shareholder Return Ｐ16 FY FY18 Results FY19 Results FY20 Results FY21 Results FY22 Results FY23 Results FY24 Results FY25 Forecasts Yen Yen Yen Yen Yen Yen Yen Yen Interim dividend 6.0 7.0 8.0 10.0 20.0 25.0 25.0 25.0 Year-end dividend 7.0 8.0 8.0 15.0 20.0 25.0 25.0 25.0 Annual dividend 13.0 15.0 1
Slide 18: Reference Information
a9 EcoVision2050 Reference Information
Slide 19: Our Steel Products Are Adopted in Several Models Produced by Toyota Motor
Our Steel Products Are Adopted in Several Models Produced by Toyota Motor Ｐ18 Announced on November 11, 2025 In the field of automotive steel plates, where the application of electric arc furnace (EAF) steel has traditionally been considered difficult due to challenges in chemical composition contro
Slide 20: Publication of Two Reports Demonstrating the Importance of Electric Arc Furnace Steelmaking
Publication of Two Reports Demonstrating the Importance of Electric Arc Furnace Steelmaking Ｐ19 Announced on December 2, 2025 Bloomberg NEF announced the report, “Decarbonization of Japan’s Steel Industry: Economics and Path Forward.” Economic superiority in decarbonization of scrap-based EAF was de
Slide 21: Acquisition of EPD for Hot Rolled Coils Using Non-fossil Electric Power
Acquisition of EPD for Hot Rolled Coils Using Non-fossil Electric Power Ｐ20 Announced on December 25, 2025 • We acquired the Environmental Product Declaration (EPD) for Hot Rolled Coils using non-fossil power from UL Solutions (the first in the Japanese steel industry) • We provide environmental inf
Slide 22: This document is not a disclosure document as defined under the Financial Instruments and
This document is not a disclosure document as defined under the Financial Instruments and Exchange Act, and the accuracy or completeness of the information contained herein is not guaranteed. Any forward-looking statements included in this document are based on information available to the Company a
Tokyo Steel Manufacturing — Q3 FY2025 Earnings Presentation on 6ix