Godo Steel,Ltd.

5410 合同製鐵株式会社

Iron & Steel · Prime · TSE: Disclosed

PRICE: ¥2,602 · MKT CAP: ¥38.1B · P/E: 4.7x · P/B: 0.26x · DIV YIELD: 9.2%

PRICE — 5Y

Characteristics & Business Summary

Godo Steel, Ltd. manufactures and sells steel products in Japan. The company offers wire rods for tire chains, stapler needles, and fencing applications; H-beams and channels that are used in construction, civil engineering, and other sectors; structural...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	152,785	204,201	235,387	222,850	205,199	191,772	98,000
Operating Profit	4,987	-2,697	13,907	17,850	13,749	9,813	2,300
Ordinary Profit	7,490	-1,252	15,867	20,301	15,422	11,089	—
Net Profit	4,987	-1,112	12,508	15,193	11,322	8,051	1,300
EPS	¥341	¥-76	¥855	¥1,039	¥774	¥551	—
DPS	¥95	¥0	¥200	¥280	¥240	¥100	—

Balance Sheet & Valuation Highlights

Total Assets ¥256B

Net Assets (Equity) ¥144B

Equity Ratio 56.3%

ROE (Return on Equity) 6.4%

Cash & Equivalents ¥27B

Interest-Bearing Debt ¥54B

Capital Expenditure (CapEx) —

Depreciation & Amort. ¥5B

Major Shareholders

1. 日本製鉄㈱ 17.6%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 10.1%
3. Business Partner Stock Ownership Plan 4.6%
4. 共英製鋼㈱ 3.5%
5. Japan Custody Bank 2.4%
6. Mizuho Bank 1.8%
7. 東京鐵鋼㈱ 1.8%
8. STATE STREET BANK AND TRUST COMPANY 1.5%
9. Nippon Life Insurance Company 1.3%
10. 合同製鐵グループ社員持株会 1.2%

Activist Activity

No large shareholder activist campaigns detected.

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥10,445	¥13,960	¥16,093	¥15,237	¥14,031	¥13,113	—
FCF/Share	¥466	¥-146	¥459	¥1,220	¥1,309	¥1,465	—
EPS	¥341	¥-76	¥855	¥1,039	¥774	¥551	—
DPS	¥95	¥0	¥200	¥280	¥240	¥100	—
Capital Spending per share	¥0	¥0	¥0	¥0	¥0	¥0	—
Book Value per share	¥6,362	¥6,246	¥7,051	¥7,800	¥8,337	¥8,647	—
Common Shares Outstanding	15M	15M	15M	15M	15M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥153B	¥204B	¥235B	¥223B	¥205B	¥192B	¥98B
Operating Margin (%)	3.3%	-1.3%	5.9%	8.0%	6.7%	5.1%	2.3%
Net Profit (owners)	¥5B	¥-1B	¥13B	¥15B	¥11B	¥8B	¥1B
Net Profit Margin (%)	3.3%	-0.5%	5.3%	6.8%	5.5%	4.2%	1.3%
Working Capital	¥-13B	¥-15B	¥-5B	¥3B	¥10B	¥9B	—
Total Debt (Interest-bearing)	¥61B	¥72B	¥76B	¥70B	¥64B	¥54B	—
Net Worth (Common Equity)	¥93B	¥91B	¥103B	¥114B	¥122B	¥126B	—
Return on Total Assets (ROA)	2.4%	-0.5%	4.9%	5.6%	4.5%	3.2%	—
Return on Common Equity (ROE)	5.4%	-1.2%	12.1%	13.3%	9.3%	6.4%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.