Yodogawa Steel Works,Ltd.
5451・Prime Market・Iron & Steel
Steel Sheet Business
The core segment of the Yodogawa Steel Group. Manufactures and sells steel sheet and building material products both domestically and overseas.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 ending March 2026) | ¥184,680 million | ¥198,461 million | ↓ |
| Operating profit (full year, FY2026 ending March 2026) | ¥12,004 million | ¥13,954 million | ↓ |
| Segment assets (as of end of FY2026, March 2026) | ¥195,262 million | ¥201,962 million | ↓ |
| Depreciation (full year, FY2026 ending March 2026) | ¥4,066 million | ¥3,969 million | ↑ |
| Increase in tangible and intangible fixed assets (capital expenditure, full year, FY2026 ending March 2026) | ¥3,421 million | ¥5,005 million | ↓ |
| Impairment loss (full year, FY2026 ending March 2026) | ¥205 million | ¥371 million | ↓ |
Business Details
This segment operates on two pillars: the manufacture and sale of surface-treated steel sheet such as cold-rolled steel sheet, hot-dip galvanized steel sheet, and painted galvanized steel sheet (steel sheet business), and the manufacture and sale of metal roofing/wall materials and exterior products (storage sheds, garages, etc.) (building materials business). Domestically, the segment focuses on sales of high-value-added products such as painted steel sheet, while overseas it operates three bases: SYSCO in Taiwan, YSS in China, and PPT in Thailand. It is the Group's largest segment, accounting for approximately 94% of consolidated net sales.
Recent Overview
Decrease in both revenue and profit due to sluggish demand at home and abroad and trade friction. Decision made to transfer YSS equity stake.
In FY2026 (ending March 2026), net sales decreased to ¥184,680 million (down ¥13,781 million year on year) and operating profit decreased to ¥12,004 million (down ¥1,950 million year on year), resulting in lower revenue and profit. Domestically, sales volume declined. Taiwan's SYSCO experienced lower revenue and profit due to the impact of the Trump administration's tariffs. China's YSS saw a decline in sales due to the real estate downturn, but improved profit. Thailand's PPT maintained profit at roughly the same level as the previous period. In addition, during the period the company decided to transfer its equity stake in YSS, and YSS was excluded from the scope of equity-method application.
Key Products
Growth Drivers
- Strengthening sales of high-value-added products, including painted steel sheet (domestic)
- Contribution to earnings from PPT (Thailand)'s steady business performance and profitability maintenance
- Profit improvement at YSS (China) through rationalization and fixed cost reduction
- Ongoing negotiations with customers to achieve sustainable product sales prices
- Implementation of profitability-strengthening measures based on the "Yodogawa Steel Group Medium-Term Management Plan 2028"
Risks
- Continued sluggish domestic steel demand (labor shortages and rising material costs in the construction sector, weak automobile production)
- Impact of additional steel and aluminum tariffs imposed by the Trump administration (exports to the US, inflow of surplus materials)
- Softening of global steel market conditions and intensifying trade friction due to China's excess exports
- Delayed earnings recovery at YSS due to prolonged downturn in China's real estate market
- Increased tariff burden and declining domestic sales volume at Taiwan's SYSCO
- Rising costs of raw materials for color-coated steel sheet (thinner, paint) due to surging crude oil prices
- Fluctuations in exchange rates and continued elevated raw material and energy costs
Last updated: June 22, 2026