Chubu Steel Sheet Co., Ltd. <5461> announced its consolidated financial results for the first quarter of the fiscal year ending March 2025 (April-June 2024) on the 6th. Revenue decreased by 8.1% year-on-year to 17.487 billion yen, operating profit decreased by 17.6% to 2.8 billion yen, ordinary profit decreased by 17.4% to 2.868 billion yen, and net income attributable to the parent company's shareholders for the quarter decreased by 16.4% to 2.044 billion yen.

The sales of the steel-related business decreased by 1.589 billion yen year-on-year to 16.842 billion yen, and the segment profit (operating profit) decreased by 0.599 billion yen to 2.715 billion yen. The sales price of the main product, thick plates, is being raised this fiscal year, but due to the decline in the previous year and the decrease in the sales volume, it was lower than the same period last year.

The sales of the rental business increased by 0.01 billion yen to 0.184 billion yen, and the segment profit (operating profit) decreased by 0.002 billion yen to 0.014 billion yen. The increase in the number of rentals of kitchen grease filters and the increase in orders for kitchen equipment maintenance resulted in increased revenue, but labor costs increased and profits decreased.

The sales of the logistics business increased by 0.001 billion yen to 0.144 billion yen, and the segment profit (operating profit) increased by 0 billion yen to 0.053 billion yen. The handling volume of dangerous materials warehouses continued to be at a high level.

The sales of the engineering business increased by 0.029 billion yen to 0.316 billion yen, and the segment loss (operating loss) was 0.003 billion yen (loss of 0.009 billion yen in the same period last year). The company steadily accumulated facility fabrication and repair construction projects.

As for the consolidated performance forecast for the fiscal year ending March 2025, the company maintains its initial plan of revenue increasing by 0.3% from the previous period to 68 billion yen, operating profit decreasing by 8.9% to 9.5 billion yen, ordinary profit decreasing by 11.0% to 9.1 billion yen, and net income attributable to parent company shareholders decreasing by 14.5% to 6.1 billion yen.