Financials

Tokyo Steel: FYE Mar 2026 and ten years of results (41 metrics)

FYE Mar 2026 · Revenue¥268bnYoY −18.0%
FYE Mar 2026 · Operating profit¥7.2bnYoY −76.0%
FYE Mar 2025 · Net profit¥21bnYoY −24.2%
FYE Mar 2026 · Equity ratio75.8%YoY +4.1pp
Fiscal yearRevenueYoYOperating profitYoYMarginNet profitChief executiveThat year
FYE Mar 2017Parent only¥122bnn/a¥11bnn/a8.6%¥7.8bnNishimoto Toshikazu—
FYE Mar 2018Parent only¥164bn+34.8%¥10bn−0.4%6.4%¥11bnNishimoto ToshikazuTokyo Steel EcoVision 2050 — the carbon case for electric arc
FYE Mar 2019Parent only¥207bn+26.2%¥16bn+53.0%7.7%¥15bnNishimoto Toshikazu—
FYE Mar 2020Parent only¥180bn−13.1%¥17bn+8.3%9.6%¥14bnNishimoto Toshikazu—
FYE Mar 2021Parent only¥141bn−21.4%¥4.0bn−77.0%2.8%¥5.9bnNishimoto Toshikazu—
FYE Mar 2022Parent only¥271bn+91.5%¥32bn+695.3%11.7%¥32bnNishimoto Toshikazu—
FYE Mar 2023Parent only¥361bn+33.4%¥38bn+19.8%10.5%¥31bnNishimoto ToshikazuMoves to the TSE Prime Market; Okayama hot strip restarted
FYE Mar 2024Parent only¥367bn+1.7%¥38bn+0.0%10.4%¥28bnNishimoto ToshikazuRecord earnings; <a class="en-history_person" href="/tse/5423/executives/ceo/nara-nobuaki/" hreflang="ja">Nara Nobuaki</a> succeeds Nishimoto
FYE Mar 2025Parent only¥327bn−11.0%¥30bn−20.9%9.2%¥21bnNara NobuakiLow-carbon steel brands launched in Japan and Europe
FYE Mar 2026Parent only¥268bn−18.0%¥7.2bn−76.0%2.7%n/aNara Nobuaki—

How it compares

Kyoueiseikou¥323bnFY2024Operating margin 4.7%
Tokyo Steel¥268bnFY2025Operating margin 2.7%
Goudouseitetsu¥205bnFY2024Operating margin 6.7%
Yamato Kogyo¥160bnFY2025Operating margin 2.8%
Oosakaseitetsu¥116bnFY2024Operating margin 4.6%
Toukyoutekkou¥83bnFY2024Operating margin 17.8%
Chuubukouhan¥51bnFY2024Operating margin 5.3%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn
Cost of sales SG&A Operating profit

Margins

%
Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥268bn
CAGR · 10 yrs +9.2%
Fiscal year Revenue ¥ bn YoY Basis
FYE Mar 2017 122 n/a Parent · Japanese GAAP
FYE Mar 2018 164 +34.8% Parent · Japanese GAAP
FYE Mar 2019 207 +26.2% Parent · Japanese GAAP
FYE Mar 2020 180 −13.1% Parent · Japanese GAAP
FYE Mar 2021 141 −21.4% Parent · Japanese GAAP
FYE Mar 2022 271 +91.5% Parent · Japanese GAAP
FYE Mar 2023 361 +33.4% Parent · Japanese GAAP
FYE Mar 2024 367 +1.7% Parent · Japanese GAAP
FYE Mar 2025 327 −11.0% Parent · Japanese GAAP
FYE Mar 2026 268 −18.0% Parent · Japanese GAAP
Definition
Everything the company took in from its own business
Formula
Revenue line of the income statement
Source
Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥236bn
CAGR · 10 yrs +10.5%
Fiscal year Cost of sales ¥ bn YoY Basis
FYE Mar 2017 95.9 n/a Parent · Japanese GAAP
FYE Mar 2018 136 +42.0% Parent · Japanese GAAP
FYE Mar 2019 171 +25.3% Parent · Japanese GAAP
FYE Mar 2020 143 −16.2% Parent · Japanese GAAP
FYE Mar 2021 122 −15.0% Parent · Japanese GAAP
FYE Mar 2022 221 +81.4% Parent · Japanese GAAP
FYE Mar 2023 298 +35.2% Parent · Japanese GAAP
FYE Mar 2024 302 +1.2% Parent · Japanese GAAP
FYE Mar 2025 269 −11.0% Parent · Japanese GAAP
FYE Mar 2026 236 −12.2% Parent · Japanese GAAP
Definition
The cost of what was sold
Formula
Cost of sales line of the income statement
Source
Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥32bn
CAGR · 10 yrs +2.4%
Fiscal year Gross profit ¥ bn YoY Basis
FYE Mar 2017 25.8 n/a Parent · Japanese GAAP
FYE Mar 2018 27.9 +8.0% Parent · Japanese GAAP
FYE Mar 2019 36.4 +30.3% Parent · Japanese GAAP
FYE Mar 2020 36.8 +1.2% Parent · Japanese GAAP
FYE Mar 2021 19.8 −46.2% Parent · Japanese GAAP
FYE Mar 2022 50.2 +153.4% Parent · Japanese GAAP
FYE Mar 2023 62.9 +25.3% Parent · Japanese GAAP
FYE Mar 2024 65.3 +3.8% Parent · Japanese GAAP
FYE Mar 2025 58.0 −11.2% Parent · Japanese GAAP
FYE Mar 2026 32.1 −44.7% Parent · Japanese GAAP
Definition
What the product or service itself earns
Formula
Revenue − cost of sales
Source
Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥25bn
CAGR · 10 yrs +5.5%
Fiscal year SG&A ¥ bn YoY Basis
FYE Mar 2017 15.3 n/a Parent · Japanese GAAP
FYE Mar 2018 17.4 +13.8% Parent · Japanese GAAP
FYE Mar 2019 20.3 +16.7% Parent · Japanese GAAP
FYE Mar 2020 19.4 −4.5% Parent · Japanese GAAP
FYE Mar 2021 15.8 −18.6% Parent · Japanese GAAP
FYE Mar 2022 18.4 +16.5% Parent · Japanese GAAP
FYE Mar 2023 24.8 +34.9% Parent · Japanese GAAP
FYE Mar 2024 27.2 +9.7% Parent · Japanese GAAP
FYE Mar 2025 27.9 +2.5% Parent · Japanese GAAP
FYE Mar 2026 24.8 −11.0% Parent · Japanese GAAP
Definition
The cost of selling and of running the company
Formula
SG&A line of the income statement
Source
Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥7.2bn
CAGR · 10 yrs −4.1%
Fiscal year Operating profit ¥ bn YoY Basis
FYE Mar 2017 10.5 n/a Parent · Japanese GAAP
FYE Mar 2018 10.5 −0.4% Parent · Japanese GAAP
FYE Mar 2019 16.0 +53.0% Parent · Japanese GAAP
FYE Mar 2020 17.4 +8.3% Parent · Japanese GAAP
FYE Mar 2021 4.0 −77.0% Parent · Japanese GAAP
FYE Mar 2022 31.8 +695.3% Parent · Japanese GAAP
FYE Mar 2023 38.1 +19.8% Parent · Japanese GAAP
FYE Mar 2024 38.1 −0.0% Parent · Japanese GAAP
FYE Mar 2025 30.1 −20.9% Parent · Japanese GAAP
FYE Mar 2026 7.2 −76.0% Parent · Japanese GAAP
Definition
What the core business earns
Formula
Gross profit − SG&A
Source
Securities report (XBRL)

Non-operating income

FYE Mar 2026 ¥1.9bn
CAGR · 10 yrs +8.1%
Fiscal year Non-operating income ¥ bn YoY Basis
FYE Mar 2017 0.9 n/a Parent · Japanese GAAP
FYE Mar 2018 1.8 +92.9% Parent · Japanese GAAP
FYE Mar 2019 1.6 −11.1% Parent · Japanese GAAP
FYE Mar 2020 0.8 −53.3% Parent · Japanese GAAP
FYE Mar 2021 1.2 +56.9% Parent · Japanese GAAP
FYE Mar 2022 1.8 +53.7% Parent · Japanese GAAP
FYE Mar 2023 1.3 −29.8% Parent · Japanese GAAP
FYE Mar 2024 1.7 +35.3% Parent · Japanese GAAP
FYE Mar 2025 1.6 −8.1% Parent · Japanese GAAP
FYE Mar 2026 1.9 +19.6% Parent · Japanese GAAP
Definition
Income from outside the core business
Formula
Non-operating income line of the income statement
Source
Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥504m
CAGR · 10 yrs +6.2%
Fiscal year Non-operating expenses ¥ m YoY Basis
FYE Mar 2017 294 n/a Parent · Japanese GAAP
FYE Mar 2018 495 +68.4% Parent · Japanese GAAP
FYE Mar 2019 336 −32.1% Parent · Japanese GAAP
FYE Mar 2020 259 −22.9% Parent · Japanese GAAP
FYE Mar 2021 189 −27.0% Parent · Japanese GAAP
FYE Mar 2022 173 −8.5% Parent · Japanese GAAP
FYE Mar 2023 89.0 −48.6% Parent · Japanese GAAP
FYE Mar 2024 81.0 −9.0% Parent · Japanese GAAP
FYE Mar 2025 86.0 +6.2% Parent · Japanese GAAP
FYE Mar 2026 504 +486.0% Parent · Japanese GAAP
Definition
Costs arising outside the core business
Formula
Non-operating expenses line of the income statement
Source
Securities report (XBRL)

Ordinary profit keijo rieki

FYE Mar 2026 ¥8.6bn
CAGR · 10 yrs −2.8%
Fiscal year Ordinary profit ¥ bn YoY Basis
FYE Mar 2017 11.2 n/a Parent · Japanese GAAP
FYE Mar 2018 11.8 +5.7% Parent · Japanese GAAP
FYE Mar 2019 17.3 +46.7% Parent · Japanese GAAP
FYE Mar 2020 17.9 +3.2% Parent · Japanese GAAP
FYE Mar 2021 5.0 −72.0% Parent · Japanese GAAP
FYE Mar 2022 33.4 +569.3% Parent · Japanese GAAP
FYE Mar 2023 39.3 +17.4% Parent · Japanese GAAP
FYE Mar 2024 39.7 +1.2% Parent · Japanese GAAP
FYE Mar 2025 31.6 −20.4% Parent · Japanese GAAP
FYE Mar 2026 8.6 −72.7% Parent · Japanese GAAP
Definition
A level of profit that exists only under Japanese GAAP
Formula
Operating profit + non-operating income − non-operating expenses
Source
Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥7.4bn
CAGR · 7 yrs +90.1%
Fiscal year Extraordinary income ¥ bn YoY Basis
FYE Mar 2017 n/a n/a Parent · Japanese GAAP
FYE Mar 2018 n/a n/a Parent · Japanese GAAP
FYE Mar 2019 n/a n/a Parent · Japanese GAAP
FYE Mar 2020 0.2 n/a Parent · Japanese GAAP
FYE Mar 2021 0.0 −89.1% Parent · Japanese GAAP
FYE Mar 2022 0.0 −94.1% Parent · Japanese GAAP
FYE Mar 2023 0.0 +4800.0% Parent · Japanese GAAP
FYE Mar 2024 1.1 +2061.2% Parent · Japanese GAAP
FYE Mar 2025 0.0 −99.2% Parent · Japanese GAAP
FYE Mar 2026 7.4 +92050.0% Parent · Japanese GAAP
Definition
One-off gains, such as an asset sale
Formula
Extraordinary income line of the income statement
Source
Securities report (XBRL)

Extraordinary loss

FYE Mar 2026 ¥1.9bn
CAGR · 10 yrs +14.3%
Fiscal year Extraordinary loss ¥ bn YoY Basis
FYE Mar 2017 0.6 n/a Parent · Japanese GAAP
FYE Mar 2018 0.6 +1.9% Parent · Japanese GAAP
FYE Mar 2019 0.9 +61.9% Parent · Japanese GAAP
FYE Mar 2020 1.7 +75.5% Parent · Japanese GAAP
FYE Mar 2021 0.7 −56.7% Parent · Japanese GAAP
FYE Mar 2022 0.5 −24.1% Parent · Japanese GAAP
FYE Mar 2023 0.7 +19.3% Parent · Japanese GAAP
FYE Mar 2024 1.0 +55.2% Parent · Japanese GAAP
FYE Mar 2025 1.9 +89.5% Parent · Japanese GAAP
FYE Mar 2026 1.9 −0.3% Parent · Japanese GAAP
Definition
One-off losses, such as an impairment or a restructuring charge
Formula
Extraordinary loss line of the income statement
Source
Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 n/a
CAGR · 9 yrs +13.4%
Fiscal year Net profit ¥ bn YoY Basis
FYE Mar 2017 7.8 n/a Parent · Japanese GAAP
FYE Mar 2018 11.3 +45.7% Parent · Japanese GAAP
FYE Mar 2019 15.4 +36.6% Parent · Japanese GAAP
FYE Mar 2020 13.8 −10.7% Parent · Japanese GAAP
FYE Mar 2021 5.9 −57.3% Parent · Japanese GAAP
FYE Mar 2022 31.9 +442.3% Parent · Japanese GAAP
FYE Mar 2023 30.8 −3.4% Parent · Japanese GAAP
FYE Mar 2024 28.0 −9.4% Parent · Japanese GAAP
FYE Mar 2025 21.2 −24.2% Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
What is left after tax
Formula
Pre-tax profit − income taxes
Source
Securities report (XBRL)

Gross margin

FYE Mar 2026 12.0%
Average · 10 yrs 17.4%
Fiscal year Gross margin % YoY Basis
FYE Mar 2017 21.2 n/a Parent · Japanese GAAP
FYE Mar 2018 17.0 −4.2pp Parent · Japanese GAAP
FYE Mar 2019 17.6 +0.6pp Parent · Japanese GAAP
FYE Mar 2020 20.4 +2.9pp Parent · Japanese GAAP
FYE Mar 2021 14.0 −6.4pp Parent · Japanese GAAP
FYE Mar 2022 18.5 +4.5pp Parent · Japanese GAAP
FYE Mar 2023 17.4 −1.1pp Parent · Japanese GAAP
FYE Mar 2024 17.8 +0.4pp Parent · Japanese GAAP
FYE Mar 2025 17.8 −0.0pp Parent · Japanese GAAP
FYE Mar 2026 12.0 −5.8pp Parent · Japanese GAAP
Definition
The share of revenue left after the cost of sales
Formula
Gross profit ÷ revenue
Source
Securities report (XBRL)

Operating margin

FYE Mar 2026 2.7%
Average · 10 yrs 8.0%
Fiscal year Operating margin % YoY Basis
FYE Mar 2017 8.6 n/a Parent · Japanese GAAP
FYE Mar 2018 6.4 −2.3pp Parent · Japanese GAAP
FYE Mar 2019 7.7 +1.4pp Parent · Japanese GAAP
FYE Mar 2020 9.6 +1.9pp Parent · Japanese GAAP
FYE Mar 2021 2.8 −6.8pp Parent · Japanese GAAP
FYE Mar 2022 11.7 +8.9pp Parent · Japanese GAAP
FYE Mar 2023 10.5 −1.2pp Parent · Japanese GAAP
FYE Mar 2024 10.4 −0.2pp Parent · Japanese GAAP
FYE Mar 2025 9.2 −1.2pp Parent · Japanese GAAP
FYE Mar 2026 2.7 −6.5pp Parent · Japanese GAAP
Definition
The share of revenue the core business keeps
Formula
Operating profit ÷ revenue
Source
Securities report (XBRL)

Ordinary margin

FYE Mar 2026 3.2%
Average · 10 yrs 8.5%
Fiscal year Ordinary margin % YoY Basis
FYE Mar 2017 9.2 n/a Parent · Japanese GAAP
FYE Mar 2018 7.2 −2.0pp Parent · Japanese GAAP
FYE Mar 2019 8.4 +1.2pp Parent · Japanese GAAP
FYE Mar 2020 9.9 +1.6pp Parent · Japanese GAAP
FYE Mar 2021 3.5 −6.4pp Parent · Japanese GAAP
FYE Mar 2022 12.3 +8.8pp Parent · Japanese GAAP
FYE Mar 2023 10.9 −1.5pp Parent · Japanese GAAP
FYE Mar 2024 10.8 −0.1pp Parent · Japanese GAAP
FYE Mar 2025 9.7 −1.1pp Parent · Japanese GAAP
FYE Mar 2026 3.2 −6.5pp Parent · Japanese GAAP
Definition
The share of revenue left at the ordinary-profit line
Formula
Ordinary profit ÷ revenue
Source
Securities report (XBRL)

Net margin

FYE Mar 2026 n/a
Average · 9 yrs 7.4%
Fiscal year Net margin % YoY Basis
FYE Mar 2017 6.4 n/a Parent · Japanese GAAP
FYE Mar 2018 6.9 +0.5pp Parent · Japanese GAAP
FYE Mar 2019 7.5 +0.6pp Parent · Japanese GAAP
FYE Mar 2020 7.7 +0.2pp Parent · Japanese GAAP
FYE Mar 2021 4.2 −3.5pp Parent · Japanese GAAP
FYE Mar 2022 11.8 +7.6pp Parent · Japanese GAAP
FYE Mar 2023 8.5 −3.3pp Parent · Japanese GAAP
FYE Mar 2024 7.6 −0.9pp Parent · Japanese GAAP
FYE Mar 2025 6.5 −1.1pp Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
The share of revenue left after everything
Formula
Net profit ÷ revenue
Source
Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 88.0%
Average · 10 yrs 82.6%
Fiscal year Cost-of-sales ratio % YoY Basis
FYE Mar 2017 78.8 n/a Parent · Japanese GAAP
FYE Mar 2018 83.0 +4.2pp Parent · Japanese GAAP
FYE Mar 2019 82.4 −0.6pp Parent · Japanese GAAP
FYE Mar 2020 79.6 −2.9pp Parent · Japanese GAAP
FYE Mar 2021 86.0 +6.4pp Parent · Japanese GAAP
FYE Mar 2022 81.5 −4.5pp Parent · Japanese GAAP
FYE Mar 2023 82.6 +1.1pp Parent · Japanese GAAP
FYE Mar 2024 82.2 −0.4pp Parent · Japanese GAAP
FYE Mar 2025 82.2 −0.0pp Parent · Japanese GAAP
FYE Mar 2026 88.0 +5.8pp Parent · Japanese GAAP
Definition
The share of revenue taken by the cost of sales
Formula
Cost of sales ÷ revenue
Source
Securities report (XBRL)

SG&A ratio

FYE Mar 2026 9.3%
Average · 10 yrs 9.4%
Fiscal year SG&A ratio % YoY Basis
FYE Mar 2017 12.6 n/a Parent · Japanese GAAP
FYE Mar 2018 10.6 −2.0pp Parent · Japanese GAAP
FYE Mar 2019 9.8 −0.8pp Parent · Japanese GAAP
FYE Mar 2020 10.8 +1.0pp Parent · Japanese GAAP
FYE Mar 2021 11.2 +0.4pp Parent · Japanese GAAP
FYE Mar 2022 6.8 −4.4pp Parent · Japanese GAAP
FYE Mar 2023 6.9 +0.1pp Parent · Japanese GAAP
FYE Mar 2024 7.4 +0.5pp Parent · Japanese GAAP
FYE Mar 2025 8.5 +1.1pp Parent · Japanese GAAP
FYE Mar 2026 9.3 +0.7pp Parent · Japanese GAAP
Definition
The share of revenue taken by selling and administrative costs
Formula
SG&A ÷ revenue
Source
Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn
Equity Liabilities and non-controlling interests

Financial strength

%
Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥293bn
CAGR · 10 yrs +7.7%
Fiscal year Total assets ¥ bn YoY Basis
FYE Mar 2017 150 n/a Parent · Japanese GAAP
FYE Mar 2018 174 +15.9% Parent · Japanese GAAP
FYE Mar 2019 186 +6.5% Parent · Japanese GAAP
FYE Mar 2020 178 −4.0% Parent · Japanese GAAP
FYE Mar 2021 186 +4.2% Parent · Japanese GAAP
FYE Mar 2022 240 +29.3% Parent · Japanese GAAP
FYE Mar 2023 271 +12.8% Parent · Japanese GAAP
FYE Mar 2024 311 +14.6% Parent · Japanese GAAP
FYE Mar 2025 293 −5.7% Parent · Japanese GAAP
FYE Mar 2026 293 −0.0% Parent · Japanese GAAP
Definition
Everything the company holds
Formula
Total assets line of the balance sheet
Source
Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥222bn
CAGR · 10 yrs +8.2%
Fiscal year Equity ¥ bn YoY Basis
FYE Mar 2017 109 n/a Parent · Japanese GAAP
FYE Mar 2018 118 +8.0% Parent · Japanese GAAP
FYE Mar 2019 126 +6.7% Parent · Japanese GAAP
FYE Mar 2020 130 +3.2% Parent · Japanese GAAP
FYE Mar 2021 131 +0.8% Parent · Japanese GAAP
FYE Mar 2022 158 +20.9% Parent · Japanese GAAP
FYE Mar 2023 179 +13.3% Parent · Japanese GAAP
FYE Mar 2024 204 +13.8% Parent · Japanese GAAP
FYE Mar 2025 210 +2.9% Parent · Japanese GAAP
FYE Mar 2026 222 +5.8% Parent · Japanese GAAP
Definition
The part of the funding that never has to be repaid
Formula
Net assets line of the balance sheet
Source
Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 n/a
Average · 7 yrs ¥0.5bn
Fiscal year Interest-bearing debt ¥ bn YoY Basis
FYE Mar 2017 0.0 n/a Parent · Japanese GAAP
FYE Mar 2018 n/a n/a Parent · Japanese GAAP
FYE Mar 2019 0.0 n/a Parent · Japanese GAAP
FYE Mar 2020 1.0 n/a Parent · Japanese GAAP
FYE Mar 2021 1.5 +45.0% Parent · Japanese GAAP
FYE Mar 2022 0.8 −46.6% Parent · Japanese GAAP
FYE Mar 2023 0.2 −77.4% Parent · Japanese GAAP
FYE Mar 2024 0.0 −100.0% Parent · Japanese GAAP
FYE Mar 2025 n/a n/a Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
Borrowings the company pays interest on
Formula
Loans + bonds + lease obligations
Source
Securities report (XBRL)

Short-term borrowings

FYE Mar 2026 n/a
CAGR · 4 yrs −11.2%
Fiscal year Short-term borrowings ¥ m YoY Basis
FYE Mar 2017 n/a n/a Parent · Japanese GAAP
FYE Mar 2018 n/a n/a Parent · Japanese GAAP
FYE Mar 2019 n/a n/a Parent · Japanese GAAP
FYE Mar 2020 250 n/a Parent · Japanese GAAP
FYE Mar 2021 675 +170.0% Parent · Japanese GAAP
FYE Mar 2022 600 −11.1% Parent · Japanese GAAP
FYE Mar 2023 175 −70.8% Parent · Japanese GAAP
FYE Mar 2024 n/a n/a Parent · Japanese GAAP
FYE Mar 2025 n/a n/a Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
Borrowings repayable within a year
Formula
Short-term borrowings line of the balance sheet
Source
Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 n/a
CAGR · 3 yrs −51.7%
Fiscal year Long-term borrowings ¥ m YoY Basis
FYE Mar 2017 n/a n/a Parent · Japanese GAAP
FYE Mar 2018 n/a n/a Parent · Japanese GAAP
FYE Mar 2019 n/a n/a Parent · Japanese GAAP
FYE Mar 2020 750 n/a Parent · Japanese GAAP
FYE Mar 2021 775 +3.3% Parent · Japanese GAAP
FYE Mar 2022 175 −77.4% Parent · Japanese GAAP
FYE Mar 2023 n/a n/a Parent · Japanese GAAP
FYE Mar 2024 n/a n/a Parent · Japanese GAAP
FYE Mar 2025 n/a n/a Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
Borrowings repayable in more than a year
Formula
Long-term borrowings line of the balance sheet
Source
Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥546m
CAGR · 10 yrs +13.9%
Fiscal year Intangible assets ¥ m YoY Basis
FYE Mar 2017 169 n/a Parent · Japanese GAAP
FYE Mar 2018 183 +8.3% Parent · Japanese GAAP
FYE Mar 2019 226 +23.5% Parent · Japanese GAAP
FYE Mar 2020 250 +10.6% Parent · Japanese GAAP
FYE Mar 2021 231 −7.6% Parent · Japanese GAAP
FYE Mar 2022 357 +54.5% Parent · Japanese GAAP
FYE Mar 2023 334 −6.4% Parent · Japanese GAAP
FYE Mar 2024 350 +4.8% Parent · Japanese GAAP
FYE Mar 2025 460 +31.4% Parent · Japanese GAAP
FYE Mar 2026 546 +18.7% Parent · Japanese GAAP
Definition
Assets with no physical form
Formula
Intangible assets line of the balance sheet
Source
Securities report (XBRL)

Equity ratio

FYE Mar 2026 75.8%
Average · 10 yrs 69.7%
Fiscal year Equity ratio % YoY Basis
FYE Mar 2017 72.6 n/a Parent · Japanese GAAP
FYE Mar 2018 67.7 −4.9pp Parent · Japanese GAAP
FYE Mar 2019 67.8 +0.1pp Parent · Japanese GAAP
FYE Mar 2020 72.8 +5.0pp Parent · Japanese GAAP
FYE Mar 2021 70.4 −2.4pp Parent · Japanese GAAP
FYE Mar 2022 65.9 −4.6pp Parent · Japanese GAAP
FYE Mar 2023 66.2 +0.3pp Parent · Japanese GAAP
FYE Mar 2024 65.6 −0.5pp Parent · Japanese GAAP
FYE Mar 2025 71.7 +6.0pp Parent · Japanese GAAP
FYE Mar 2026 75.8 +4.1pp Parent · Japanese GAAP
Definition
How much of the balance sheet is funded without debt
Formula
Equity ÷ total assets
Source
Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 n/a
Average · 7 yrs 0.4%
Fiscal year Debt-to-equity ratio % YoY Basis
FYE Mar 2017 0.0 n/a Parent · Japanese GAAP
FYE Mar 2018 n/a n/a Parent · Japanese GAAP
FYE Mar 2019 0.0 n/a Parent · Japanese GAAP
FYE Mar 2020 0.8 +0.8pp Parent · Japanese GAAP
FYE Mar 2021 1.1 +0.3pp Parent · Japanese GAAP
FYE Mar 2022 0.5 −0.6pp Parent · Japanese GAAP
FYE Mar 2023 0.1 −0.4pp Parent · Japanese GAAP
FYE Mar 2024 0.0 −0.1pp Parent · Japanese GAAP
FYE Mar 2025 n/a n/a Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
Borrowings measured against the company's own capital
Formula
Interest-bearing debt ÷ equity
Source
Securities report (XBRL)

ROE return on equity

FYE Mar 2026 n/a
Average · 9 yrs 11.7%
Fiscal year ROE % YoY Basis
FYE Mar 2017 7.1 n/a Parent · Japanese GAAP
FYE Mar 2018 9.6 +2.5pp Parent · Japanese GAAP
FYE Mar 2019 12.3 +2.7pp Parent · Japanese GAAP
FYE Mar 2020 10.6 −1.6pp Parent · Japanese GAAP
FYE Mar 2021 4.5 −6.1pp Parent · Japanese GAAP
FYE Mar 2022 20.2 +15.7pp Parent · Japanese GAAP
FYE Mar 2023 17.2 −3.0pp Parent · Japanese GAAP
FYE Mar 2024 13.7 −3.5pp Parent · Japanese GAAP
FYE Mar 2025 10.1 −3.6pp Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
What the shareholders' capital earns
Formula
Net profit ÷ equity
Source
Securities report (XBRL)

ROA return on assets

FYE Mar 2026 n/a
Average · 9 yrs 8.0%
Fiscal year ROA % YoY Basis
FYE Mar 2017 5.2 n/a Parent · Japanese GAAP
FYE Mar 2018 6.5 +1.3pp Parent · Japanese GAAP
FYE Mar 2019 8.3 +1.8pp Parent · Japanese GAAP
FYE Mar 2020 7.7 −0.6pp Parent · Japanese GAAP
FYE Mar 2021 3.2 −4.6pp Parent · Japanese GAAP
FYE Mar 2022 13.3 +10.1pp Parent · Japanese GAAP
FYE Mar 2023 11.4 −1.9pp Parent · Japanese GAAP
FYE Mar 2024 9.0 −2.4pp Parent · Japanese GAAP
FYE Mar 2025 7.2 −1.8pp Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
What the whole balance sheet earns
Formula
Net profit ÷ total assets
Source
Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.92×
CAGR · 10 yrs +1.4%
Fiscal year Asset turnover × YoY Basis
FYE Mar 2017 0.81 n/a Parent · Japanese GAAP
FYE Mar 2018 0.94 +16.3% Parent · Japanese GAAP
FYE Mar 2019 1.12 +18.4% Parent · Japanese GAAP
FYE Mar 2020 1.01 −9.5% Parent · Japanese GAAP
FYE Mar 2021 0.76 −24.6% Parent · Japanese GAAP
FYE Mar 2022 1.13 +48.1% Parent · Japanese GAAP
FYE Mar 2023 1.33 +18.3% Parent · Japanese GAAP
FYE Mar 2024 1.18 −11.3% Parent · Japanese GAAP
FYE Mar 2025 1.12 −5.7% Parent · Japanese GAAP
FYE Mar 2026 0.92 −18.0% Parent · Japanese GAAP
Definition
How much revenue each yen of assets produces
Formula
Revenue ÷ total assets
Source
Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn
Operating CF Investing CF Financing CF

Cash against debt

¥ bn
Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 -¥3.3bn
Average · 10 yrs ¥22bn
Fiscal year Operating cash flow ¥ bn YoY Basis
FYE Mar 2017 14.6 n/a Parent · Japanese GAAP
FYE Mar 2018 17.1 +16.7% Parent · Japanese GAAP
FYE Mar 2019 19.0 +11.1% Parent · Japanese GAAP
FYE Mar 2020 23.7 +25.0% Parent · Japanese GAAP
FYE Mar 2021 7.6 −68.0% Parent · Japanese GAAP
FYE Mar 2022 26.9 +254.8% Parent · Japanese GAAP
FYE Mar 2023 39.8 +47.8% Parent · Japanese GAAP
FYE Mar 2024 53.4 +34.2% Parent · Japanese GAAP
FYE Mar 2025 19.6 −63.3% Parent · Japanese GAAP
FYE Mar 2026 -3.3 −116.8% Parent · Japanese GAAP
Definition
Cash the business itself generated
Formula
Cash flow from operating activities
Source
Securities report (XBRL)

Investing cash flow

FYE Mar 2026 -¥11bn
Average · 10 yrs -¥11bn
Fiscal year Investing cash flow ¥ bn YoY Basis
FYE Mar 2017 -4.7 n/a Parent · Japanese GAAP
FYE Mar 2018 -7.7 n/a Parent · Japanese GAAP
FYE Mar 2019 -7.2 n/a Parent · Japanese GAAP
FYE Mar 2020 -9.2 n/a Parent · Japanese GAAP
FYE Mar 2021 -9.0 n/a Parent · Japanese GAAP
FYE Mar 2022 -9.7 n/a Parent · Japanese GAAP
FYE Mar 2023 -11.9 n/a Parent · Japanese GAAP
FYE Mar 2024 -18.2 n/a Parent · Japanese GAAP
FYE Mar 2025 -21.9 n/a Parent · Japanese GAAP
FYE Mar 2026 -10.8 n/a Parent · Japanese GAAP
Definition
Cash spent on, or released by, investment
Formula
Cash flow from investing activities
Source
Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥8.2bn
Average · 10 yrs -¥8.4bn
Fiscal year Financing cash flow ¥ bn YoY Basis
FYE Mar 2017 -10.3 n/a Parent · Japanese GAAP
FYE Mar 2018 -3.2 n/a Parent · Japanese GAAP
FYE Mar 2019 -6.5 n/a Parent · Japanese GAAP
FYE Mar 2020 -8.0 n/a Parent · Japanese GAAP
FYE Mar 2021 -7.2 n/a Parent · Japanese GAAP
FYE Mar 2022 -7.5 n/a Parent · Japanese GAAP
FYE Mar 2023 -11.7 n/a Parent · Japanese GAAP
FYE Mar 2024 -8.1 n/a Parent · Japanese GAAP
FYE Mar 2025 -13.8 n/a Parent · Japanese GAAP
FYE Mar 2026 -8.2 n/a Parent · Japanese GAAP
Definition
Cash raised from, or returned to, lenders and shareholders
Formula
Cash flow from financing activities
Source
Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥73bn
CAGR · 10 yrs +4.7%
Fiscal year Cash and equivalents ¥ bn YoY Basis
FYE Mar 2017 48.4 n/a Parent · Japanese GAAP
FYE Mar 2018 54.7 +12.9% Parent · Japanese GAAP
FYE Mar 2019 60.2 +10.1% Parent · Japanese GAAP
FYE Mar 2020 66.7 +10.9% Parent · Japanese GAAP
FYE Mar 2021 58.3 −12.6% Parent · Japanese GAAP
FYE Mar 2022 68.6 +17.7% Parent · Japanese GAAP
FYE Mar 2023 85.1 +23.9% Parent · Japanese GAAP
FYE Mar 2024 112 +31.9% Parent · Japanese GAAP
FYE Mar 2025 96.1 −14.4% Parent · Japanese GAAP
FYE Mar 2026 73.5 −23.6% Parent · Japanese GAAP
Definition
Cash on hand at the year end
Formula
Closing balance in the cash flow statement
Source
Securities report (XBRL)

Free cash flow

FYE Mar 2026 -¥14bn
Average · 10 yrs ¥11bn
Fiscal year FCF ¥ bn YoY Basis
FYE Mar 2017 10.0 n/a Parent · Japanese GAAP
FYE Mar 2018 9.4 −5.9% Parent · Japanese GAAP
FYE Mar 2019 11.8 +26.1% Parent · Japanese GAAP
FYE Mar 2020 14.6 +23.2% Parent · Japanese GAAP
FYE Mar 2021 -1.4 −109.4% Parent · Japanese GAAP
FYE Mar 2022 17.2 n/a Parent · Japanese GAAP
FYE Mar 2023 27.9 +61.6% Parent · Japanese GAAP
FYE Mar 2024 35.2 +26.2% Parent · Japanese GAAP
FYE Mar 2025 -2.3 −106.5% Parent · Japanese GAAP
FYE Mar 2026 -14.1 n/a Parent · Japanese GAAP
Definition
What is left once the business has paid for its own investment
Formula
Operating cash flow + investing cash flow
Source
Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 -1.2%
Average · 10 yrs 9.0%
Fiscal year OCF margin % YoY Basis
FYE Mar 2017 12.0 n/a Parent · Japanese GAAP
FYE Mar 2018 10.4 −1.6pp Parent · Japanese GAAP
FYE Mar 2019 9.2 −1.2pp Parent · Japanese GAAP
FYE Mar 2020 13.2 +4.0pp Parent · Japanese GAAP
FYE Mar 2021 5.4 −7.8pp Parent · Japanese GAAP
FYE Mar 2022 9.9 +4.6pp Parent · Japanese GAAP
FYE Mar 2023 11.0 +1.1pp Parent · Japanese GAAP
FYE Mar 2024 14.5 +3.5pp Parent · Japanese GAAP
FYE Mar 2025 6.0 −8.5pp Parent · Japanese GAAP
FYE Mar 2026 -1.2 −7.2pp Parent · Japanese GAAP
Definition
How much of the revenue turned into cash
Formula
Operating cash flow ÷ revenue
Source
Securities report (XBRL)

Net cash

FYE Mar 2026 n/a
CAGR · 7 yrs +15.0%
Fiscal year Net cash ¥ bn YoY Basis
FYE Mar 2017 48.4 n/a Parent · Japanese GAAP
FYE Mar 2018 n/a n/a Parent · Japanese GAAP
FYE Mar 2019 60.2 n/a Parent · Japanese GAAP
FYE Mar 2020 65.7 +9.3% Parent · Japanese GAAP
FYE Mar 2021 56.9 −13.5% Parent · Japanese GAAP
FYE Mar 2022 67.9 +19.3% Parent · Japanese GAAP
FYE Mar 2023 84.9 +25.1% Parent · Japanese GAAP
FYE Mar 2024 112 +32.2% Parent · Japanese GAAP
FYE Mar 2025 n/a n/a Parent · Japanese GAAP
FYE Mar 2026 n/a n/a Parent · Japanese GAAP
Definition
Cash on hand once the borrowings are paid off
Formula
Cash and equivalents − interest-bearing debt
Source
Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Shares outstanding

FYE Mar 2026 110,064,249shares
Change · 10 yrs −45,000,000 shares
Fiscal year Shares outstanding shares Basis
FYE Mar 2017 155,064,249 Parent
FYE Mar 2018 155,064,249 Parent
FYE Mar 2019 155,064,249 Parent
FYE Mar 2020 155,064,249 Parent
FYE Mar 2021 155,064,249 Parent
FYE Mar 2022 155,064,249 Parent
FYE Mar 2023 155,064,249 Parent
FYE Mar 2024 155,064,249 Parent
FYE Mar 2025 110,064,249 Parent
FYE Mar 2026 110,064,249 Parent
Definition
How many shares exist
Formula
Shares issued, from the key figures of the filing
Source
Securities report (XBRL)

BPS book value per share

FYE Mar 2026 2,017.81¥
Change · 10 yrs +1,313.57¥
Fiscal year BPS ¥ Basis
FYE Mar 2017 704.24 Parent · Japanese GAAP
FYE Mar 2018 760.90 Parent · Japanese GAAP
FYE Mar 2019 811.82 Parent · Japanese GAAP
FYE Mar 2020 837.67 Parent · Japanese GAAP
FYE Mar 2021 844.19 Parent · Japanese GAAP
FYE Mar 2022 1,020.74 Parent · Japanese GAAP
FYE Mar 2023 1,156.00 Parent · Japanese GAAP
FYE Mar 2024 1,314.98 Parent · Japanese GAAP
FYE Mar 2025 1,907.23 Parent · Japanese GAAP
FYE Mar 2026 2,017.81 Parent · Japanese GAAP
Definition
Equity behind each share
Formula
Equity ÷ shares outstanding
Source
Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Parent-company employees

FYE Mar 2026 1,161people
Change · 10 yrs +227 people
Fiscal year Parent-company employees people YoY Basis
FYE Mar 2017 934 n/a Parent
FYE Mar 2018 940 +0.6% Parent
FYE Mar 2019 948 +0.9% Parent
FYE Mar 2020 989 +4.3% Parent
FYE Mar 2021 1,020 +3.1% Parent
FYE Mar 2022 1,028 +0.8% Parent
FYE Mar 2023 1,055 +2.6% Parent
FYE Mar 2024 1,103 +4.5% Parent
FYE Mar 2025 1,135 +2.9% Parent
FYE Mar 2026 1,161 +2.3% Parent
Definition
Employees of the filing company itself
Formula
Parent-only headcount, from the employee section of the filing
Source
Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 822万円
Change · 8 yrs +105万円
Fiscal year Average annual pay 万円 YoY Basis
FYE Mar 2017 n/a n/a Parent
FYE Mar 2018 n/a n/a Parent
FYE Mar 2019 718 n/a Parent
FYE Mar 2020 739 +3.0% Parent
FYE Mar 2021 729 −1.3% Parent
FYE Mar 2022 689 −5.6% Parent
FYE Mar 2023 808 +17.3% Parent
FYE Mar 2024 832 +2.9% Parent
FYE Mar 2025 871 +4.8% Parent
FYE Mar 2026 822 −5.6% Parent
Definition
Average total annual compensation, bonuses included
Formula
Average annual pay, from the employee section of the filing
Source
Securities report (XBRL)

Average age

FYE Mar 2026 39.8years
Change · 8 yrs +1.7 years
Fiscal year Average age years YoY Basis
FYE Mar 2017 n/a n/a Parent
FYE Mar 2018 n/a n/a Parent
FYE Mar 2019 38.1 n/a Parent
FYE Mar 2020 38.3 +0.5% Parent
FYE Mar 2021 38.3 −0.0% Parent
FYE Mar 2022 38.8 +1.3% Parent
FYE Mar 2023 39.0 +0.5% Parent
FYE Mar 2024 39.3 +0.8% Parent
FYE Mar 2025 39.5 +0.5% Parent
FYE Mar 2026 39.8 +0.8% Parent
Definition
Average age of the parent company's employees
Formula
Average age, from the employee section of the filing
Source
Securities report (XBRL)

Average length of service

FYE Mar 2026 16.9years
Change · 8 yrs +1.5 years
Fiscal year Average length of service years YoY Basis
FYE Mar 2017 n/a n/a Parent
FYE Mar 2018 n/a n/a Parent
FYE Mar 2019 15.4 n/a Parent
FYE Mar 2020 15.4 −0.0% Parent
FYE Mar 2021 16.2 +5.2% Parent
FYE Mar 2022 16.5 +1.9% Parent
FYE Mar 2023 16.6 +0.6% Parent
FYE Mar 2024 16.5 −0.6% Parent
FYE Mar 2025 16.7 +1.2% Parent
FYE Mar 2026 16.9 +1.2% Parent
Definition
How long the average employee has been with the company
Formula
Average years of service, from the employee section of the filing
Source
Securities report (XBRL)

Disclaimer

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Tokyo Steel’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/5423/company.json ·/api/5423/history.json ·/api/5423/ceo.json ·/api/5423/financials.json ·/api/5423/financials/segment.json ·/api/5423/financials/pl.json ·/api/5423/financials/cf.json ·/api/5423/financials/bs.json ·/api/5423/financials/employee.json ·/api/5423/financials/stock.json ·/api/5423/financials.csv ·/api/5423/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json