KYOEI STEEL LTD.

5440 共英製鋼株式会社

Iron & Steel · Prime · TSE: Disclosed

PRICE: ¥1,760 · MKT CAP: ¥76.5B · P/E: 7.8x · P/B: 0.36x · DIV YIELD: 5.1%

PRICE — 5Y

Characteristics & Business Summary

Kyoei Steel Ltd. engages in the manufacture, processing, and sells of billets and steel products in Japan, Vietnam, North America, and internationally. It operates through three segments: Domestic Steel Business, Overseas Steel Business, and Material...

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	226,371	292,719	355,715	320,982	322,849	315,106	177,000
Operating Profit	12,656	8,819	14,819	21,055	15,332	16,967	7,000
Ordinary Profit	12,935	10,549	14,671	21,034	15,745	16,211	—
Net Profit	8,788	6,322	13,108	13,826	10,791	9,864	3,900
EPS	¥202	¥145	¥302	¥318	¥248	¥227	—
DPS	¥60	¥40	¥80	¥90	¥90	¥30	—

Balance Sheet & Valuation Highlights

Total Assets ¥373B

Net Assets (Equity) ¥219B

Equity Ratio 56.7%

ROE (Return on Equity) 5.3%

Cash & Equivalents ¥63B

Interest-Bearing Debt ¥85B

Capital Expenditure (CapEx) ¥18B

Depreciation & Amort. ¥8B

Major Shareholders

1. NIPPON STEEL CORPORATION 26.7%
2. 高島秀一郎 10.0%
3. Japan Master Trust Bank 5.5%
4. 高島成光 5.1%
5. Mitsui & Co., Ltd. 3.4%
6. Godo Steel,Ltd. 3.1%
7. Custody Bank of Japan, Ltd. (Trust Account) 3.0%
8. Custody Bank of Japan, Ltd. (Trust Account) 1.6%
9. AIR WATER INC. 1.6%
10. 共英グループ従業員持株会 1.5%

Activist Activity

AIR WATER INC. 6.0%

2026-04-06 · change

AIR WATER INC. 7.33%

2025-03-11 · correction

AIR WATER INC. 7.33%

2025-03-11 · correction

AIR WATER INC. 7.33%

2025-03-11 · correction

AIR WATER INC. 6.0%

2025-03-11 · change

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	¥5,209	¥6,736	¥8,185	¥7,386	¥7,429	¥7,251	—
FCF/Share	¥134	¥-566	¥291	¥319	¥595	¥156	—
EPS	¥202	¥145	¥302	¥318	¥248	¥227	—
DPS	¥60	¥40	¥80	¥90	¥90	¥30	—
Capital Spending per share	¥215	¥250	¥152	¥240	¥312	¥413	—
Book Value per share	¥3,413	¥3,499	¥3,728	¥3,965	¥4,107	¥4,243	—
Common Shares Outstanding	43M	43M	43M	43M	43M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥226B	¥293B	¥356B	¥321B	¥323B	¥315B	¥177B
Operating Margin (%)	5.6%	3.0%	4.2%	6.6%	4.7%	5.4%	4.0%
Net Profit (owners)	¥9B	¥6B	¥13B	¥14B	¥11B	¥10B	¥4B
Net Profit Margin (%)	3.9%	2.2%	3.7%	4.3%	3.3%	3.1%	2.2%
Working Capital	¥52B	¥56B	¥63B	¥68B	¥68B	¥67B	—
Total Debt (Interest-bearing)	¥78B	¥94B	¥100B	¥93B	¥84B	¥85B	—
Net Worth (Common Equity)	¥148B	¥152B	¥162B	¥172B	¥178B	¥184B	—
Return on Total Assets (ROA)	3.1%	2.0%	3.9%	3.9%	3.1%	2.6%	—
Return on Common Equity (ROE)	5.9%	4.2%	8.1%	8.0%	6.0%	5.3%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.