SUMITOMO CORPORATION
8053・Prime Market・Wholesale Trade
Metals
Business division developing a global value chain centered on domestic and trading transactions of steel products
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥1,454,245 million | ¥1,629,640 million | ↓ |
| Gross profit | ¥174,851 million | ¥188,262 million | ↓ |
| Profit for the year attributable to owners of the parent | ¥74,276 million | ¥68,375 million | ↑ |
| Share of profit (loss) of investments accounted for using the equity method | ¥17,882 million | ¥11,929 million | ↑ |
| Total segment assets | ¥1,199,500 million | ¥1,170,500 million | ↑ |
Business Details
The Steel Business Division consists of the Steel Products Business Unit and the Steel Pipe Business Unit. In the steel products field, the division delivers thin-gauge steel products just-in-time to automobile and home appliance manufacturers through its domestic and overseas steel service center network. In the steel pipe field, the division provides total service provider functions to oil and gas companies by combining proprietary SCM with oilfield services. The Monopile Manufacturing Business began contributing to profit in the current fiscal year, and revenue related to offshore wind is expanding. Major affiliated companies include Sumisho Global Metals, Eryngium, and Edgen Group.
Recent Overview
Although revenue and gross profit declined, profit for the year increased due to gains from asset replacement and contribution from the monopile business
In the Metals segment for FY2026 (ending March 2026), revenue was ¥1,454,245 million (down ¥174,395 million year on year) and gross profit was ¥174,851 million (down ¥13,411 million year on year), reflecting a decline in both revenue and profit. The Steel Pipe Business was affected by decreased demand due to falling oil prices in North America and a project gap in other regions. On the other hand, the start of profit contribution from the Monopile Manufacturing Business and the recognition of gains related to asset replacement resulted in profit for the year attributable to owners of the parent of ¥74,276 million (up ¥5,901 million year on year), securing an increase in profit.
Key Products
Growth Drivers
- Expansion of offshore wind-related revenue through full-scale operation of the Monopile Manufacturing Business
- Profit generation through asset replacement (portfolio optimization)
- Support for steel pipe demand from continued oil and gas development and Energy Transformation
- Provision of new value through DX (advancement of steel service centers)
- Expansion of supply of steel products and services contributing to carbon neutrality
Risks
- Risk of continued weakness in the North American steel pipe market (demand decline due to falling oil prices)
- Risk of temporary decline in steel pipe demand due to project gaps in other regions
- Risk of deterioration in global steel supply-demand balance due to delayed economic recovery in China
- Risk of demand pullback for steel products for automobiles and home appliances due to price increases
- Risk of rising maritime transport costs due to geopolitical risk (Middle East tensions, disruption of the Strait of Hormuz, etc.)
Last updated: June 12, 2026