TSE:5406Metals and Mining
Kobe Steel (TSE:5406) Margin Compression Reinforces Cautious Narratives Despite Low P/E
Kobe Steel (TSE:5406) has wrapped up FY 2026 with fourth quarter revenue of ¥658.5 billion and Basic EPS of ¥23.77, set against trailing twelve month revenue of ¥2.4 trillion and EPS of ¥237.81. Over recent quarters, the company has seen revenue move from ¥670.98 billion in Q4 FY 2025 to ¥590.72 billion in Q1 FY 2026, then to ¥612.39 billion in Q2, ¥596.63 billion in Q3 and ¥658.51 billion in Q4. Over the same periods, quarterly EPS shifted from ¥44.04 to ¥79.75, ¥61.45, ¥54.61 and ¥23.77,...