UEX,LTD.
9888・Standard Market・Wholesale Trade
Stainless Steel and Other Metal Materials Sales Business
UEX Group's core business. A distribution business that cuts and sells metal materials such as stainless steel and titanium.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥47,392 million | ¥48,096 million | ↓ |
| Operating income | ¥1,204 million | ¥1,682 million | ↓ |
| Segment assets | ¥50,297 million | ¥50,208 million | ↑ |
| Depreciation | ¥408 million | ¥398 million | ↑ |
| Goodwill amortization | ¥152 million | ¥152 million | — |
| Unamortized goodwill balance | ¥51 million | ¥202 million | ↓ |
Business Details
With the Company (UEX) at its core, this segment cuts and sells a wide variety of metal materials, including stainless steel sheets, pipes, and bar steel, in coordination with consolidated subsidiaries. Its main products are stainless steel along with high-alloy steel, titanium, and other steel products. As the core segment accounting for approximately 95% of consolidated net sales, it focuses on inventory-based sales operations while promoting expanded sales of higher value-added products such as processed goods and titanium. In FY2026 (ending March 2026), both sales volume and prices declined year on year due to stagnant demand and falling prices.
Recent Overview
An 8.4% decline in sales volume combined with a 1.3% price decline led to significant year-on-year declines in both net sales and operating income.
In FY2026 (ending March 2026), the stainless steel market trended soft amid weakening nickel prices, with UEX's standalone sales volume declining 8.4% year on year and sales prices falling 1.3%. Consolidated subsidiaries also saw sluggish performance, particularly in over-the-counter sales, resulting in net sales of ¥47,392 million, down 1.5% year on year, and operating income of ¥1,204 million, down 28.4% year on year due to a decline in gross profit margin. Signs of recovery were seen in some areas from the latter half of the fiscal year.
Key Products
Growth Drivers
- Promoting expanded sales of higher value-added products such as processed goods and titanium
- Improving inventory turnover through sales activities focused on inventory-based sales
- Service differentiation through providing valuable distribution functions beyond price
- Sales price revisions (in response to rising labor, material, and financing costs)
- Focus on expanding sales of building materials
- Improving profitability through sales promotion emphasizing cost and profitability
Risks
- Risk of continued soft stainless steel market conditions amid weakening nickel prices
- Rising inventory risk amid a declining demand trend (appropriate inventory level management relative to sales volume is an ongoing challenge)
- Continued decline in both sales volume and price (FY2026 ending March 2026: volume down 8.4%, price down 1.3%)
- Risk of delayed response to rising labor costs, material costs, and financing costs
- Uncertainty in the external environment, including US trade policy, exchange rate fluctuations, and Middle East affairs
- Cost burden associated with the rebuilding of the UEX Tokyo Distribution Center (extraordinary loss already recorded)
Last updated: June 19, 2026