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Daido Steel Profits Surge on Strong Half-Year Results

Daido Steel Co. Ltd. reported a significant jump in profitability for the first half of the fiscal year ending September 30, with net profit reaching 18.26 billion yen. This performance marks a sharp improvement over the 12.94 billion yen recorded during the same period in 2025, driven by substantial revenue growth.

Daido Steel Profits Surge on Strong Half-Year Results

The Japanese steelmaker’s revenue climbed to 330.65 billion yen, up from 284.50 billion yen a year earlier. Alongside the top-line increase, operational efficiency bolstered the bottom line, with operating profit rising to 26.07 billion yen from 18.46 billion yen. Pretax profit followed a similar trajectory, climbing to 27.30 billion yen.

Investors saw earnings per share rise to 91.37 yen, compared to 63.63 yen in the previous year, while diluted earnings per share reached 91.35 yen. These figures, prepared under IFRS accounting standards, reflect a period of robust demand and improved margins for the firm.

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