Tokyo Steel Manufacturing Co., Ltd. · TSE:5423
Tokyo Steel Manufacturing — H1 FY2026 Earnings Presentation
22 slides from Tokyo Steel Manufacturing's earnings presentation, Oct 23, 2026
Slide 1: FY2026 H1 Financial Results Presentation
October 23, 2026 FY2026 H1 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 FY2026 H1 Financial Results 2 Financial Result Forecasts for FY2026 3 Shareholder Returns 4 Reference Information
Slide 3: Financial Results Highlights
Financial Results Highlights P2 FY2026 H1 Results (April-September 2026) • Net sales: 150.4 billion yen, Operating profit: -3.5 billion yen • Product shipment volume: 1,468 thousand metric tons (of which, 1,202 thousand metric tons for domestic, 266 thousand metric tons for export) • In the July-Sep
Slide 4: FY2026 H1 Financial Results
1 FY2026 H1 Financial Results
Slide 5: Summary of FY2026 H1 Financial Results
Summary of FY2026 H1 Financial Results P4 • In the July-September quarter, operating profit was better than planned, as the product shipping price increased as expected and the purchase price of steel scrap, our main raw material, was lower than expected. • Net profit for H1 was also better than pla
Slide 6: Trends in Product Shipment Volume
Trends in Product Shipment Volume P5 Trends in product shipment volume 製品の国内・輸出比率 Domestic および and export ratios and品種構成 product mix (domestic, export) and production of crude steel and steel products 800 Product shipment volume (thousand metric tons) FY25. FY25. FY25. FY26. FY26. 700 Steel sheets Q
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 Q2, the product shipping price increased by about 7,200 yen/metric ton compared with Q1, and the steel scrap purchase price decreased by about 1,500 yen/metric ton. Consequently, the metal spread widened by about 8,
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 Trends ホットコイル・H形鋼 当社建値推移 in our list prices of hot rolled coil and H-beam 140,000 ton 120,000 Yen/metric 100,000 円/t 80,000 60,000 40,000 20,000 0 H形鋼建値 Our list price ホットコイル建値 Ou
Slide 9: Factors Affecting Operating Profit: FY2025 H1 to FY2026 H1
Factors Affecting Operating Profit P8 FY2025 H1 results → FY2026 H1 results 8,000 6,000 4,000 2,000 (million yen) 0 -2,000 -4,000 -3,550 -10,429 -6,000 -2,197 -8,000 FY2025 H1 Results Metal spread Volume Cost Transaction FY2026 H1 Results Operating profit gain Operating profit FY2025 H1 Results FY20
Slide 10: Factors Affecting Operating Profit: Q2 Plan vs Results
Factors Affecting Operating Profit P9 FY2026 Q2 Plan (July-September) → FY2026 Q2 Results (July-September) 0 -200 -400 -600 (million yen) -800 -1,000 -1,200 -1,400 -1,250 -1,600 -1,800 -1,700 -2,000 -1,679 FY2026 Q2 Plan Metal spread Volume Cost Transaction FY2026 Q2 Results (July-September) gain (J
Slide 11: Factors Affecting Operating Profit: Q1 to Q2
Factors Affecting Operating Profit P10 FY2026 Q1 Results (April-June) → FY2026 Q2 Results (July-September) 5,000 4,000 3,000 (million yen) 2,000 1,000 0 -3,929 -1,000 -1,400 -1,250 -2,000 -3,000 -2,300 FY2026 Q1 Results Metal spread Volume Cost Transaction FY2026 Q2 Results (April-June) loss (July-S
Slide 12: Financial Result Forecasts for FY2026
2 Financial Result Forecasts for FY2026
Slide 13: Financial Result Forecasts for FY2026
Financial Result Forecasts for FY2026 P12 • We expect to record an operating profit for the full year as the price revisions already implemented are reflected in the product shipping price. (Our initiatives) • Strengthen our ability to respond quickly and flexibly to changes in product supply and de
Slide 14: Factors Affecting Operating Profit: FY2026 H1 to H2 Plan
Factors Affecting Operating Profit P13 FY2026 H1 results → FY2026 H2 plan 10,000 8,000 6,000 -316 -24 (million yen) 4,000 -2,600 2,000 0 -2,000 -4,000 -3,550 -6,000 FY2026 H1 Results Metal spread Volume Cost Transaction FY2026 H2 plan Operating profit loss Operating profit FY2026 H1 Results FY2026 H
Slide 15: Factors Affecting Operating Profit: FY2025 to FY2026 Full Year
Factors Affecting Operating Profit P14 FY2025 Full year results → FY2026 Full year plan 8,000 7,000 6,000 5,000 -1,534 4,000 (million yen) 3,000 2,000 1,000 0 -1,000 -2,000 -8,071 -3,000 FY2025 full year Metal Volume Cost Transaction FY2026 Full year results spread gain plan Operating profit Operati
Slide 16: Capital Expenditures and Depreciation Expense
Capital Expenditures and Depreciation Expense P15 Trends in 設備投資額・減価償却費の推移 Capital Expenditures and Depreciation Expense 300 250 100 million yen 200 億 150 円 100 50 0 FY21 Results FY21実績 FY22 Results FY22実績 FY23 Results FY23実績 FY24 Results FY24実績 FY25 Results FY25実績 FY26 (April-March) FY26（4月～3月）予想 F
Slide 17: Shareholder Returns
a9 EcoVision2050 Shareholder Returns
Slide 18: Shareholder Returns
Shareholder Returns P17 FY FY19 Results FY20 Results FY21 Results FY22 Results FY23 Results FY24 Results FY25 Results FY26 Forecasts Yen Yen Yen Yen Yen Yen Yen Yen Interim dividend 7.0 8.0 10.0 20.0 25.0 25.0 25.0 20.0 Year-end dividend 8.0 8.0 15.0 20.0 25.0 25.0 25.0 20.0 Annual dividend 15.0 16.
Slide 19: Reference Information
a9 EcoVision2050 Reference Information
Slide 20: Kyushu Plant Obtains Permit to Recycle Waste Dry-Cell Batteries
Kyushu Plant Obtains Permit to Recycle Waste Dry-Cell Batteries P19 Announced on July 23, 2026 We will further contribute to a circular economy by drawing on the world-leading operating technologies developed through our own advanced recycling initiatives to safely and cost- effectively render waste
Slide 21: Upcycled Tin-Plated Steel Sheets Used for Button Badge Components
Upcycled Tin-Plated Steel Sheets Used for Button Badge Components P20 Announced on September 17, 2026 New button badge components manufactured by Sanko Shoji Co., Ltd. use Tokyo Steel's low-CO2 steel, “Hobo Zero,” as the base material. Using steel sheets upcycled from end-of-life scrap as the base m
Slide 22: This document is not a disclosure document under the Financial Instruments and Exchange Act
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
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