Japanese steelmaker Kobe Steel Ltd has issued its financial and operational results for the fiscal year 2025-26 ended March 31.
For the given period, Kobe Steel has reported a net profit of JPY 93.72 billion ($591.3 million), decreasing from the net profit of JPY 120.2 billion recorded in the previous financial year, while its net sales revenues for the full financial year amounted to JPY 2.43 trillion ($15.37 billion), falling by 4.6 percent year on year
In the same year, Kobe Steel produced 5.81 million mt of crude steel, down by 2.5 percent year on year, while its total sales volume fell by 1.9 percent year on year to 4.63 million mt.
According to Kobe Steel, in the financial year 2025-26 its steel exports fell by 13.7 percent to 940,000 mt, while its domestic sales rose by 1.6 percent to 3.69 million mt, both on year-on-year basis.
The company said that it expects its crude steel output and steel sales volume to amount to 5.90 million mt and 4.70 million mt respectively in FY 2026-27, while its net sales revenues are forecast to be at JPY 1.4 trillion. In addition, Kobe Steel expects its fiscal 2026 earnings to remain broadly stable despite ongoing weakness in steel demand, cost inflation and growing risks linked to the Middle East situation, according to the company’s latest financial presentation.