Kobe Steel Full Year 2024 Earnings: Misses Expectations

Kobe Steel (TSE:5406) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥2.54t (up 2.9% from FY 2023).
• Net income: JP¥109.6b (up 51% from FY 2023).
• Profit margin: 4.3% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥277 (up from JP¥184 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kobe Steel Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Metals and Mining industry in Japan.

Performance of the Japanese Metals and Mining industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

Be aware that Kobe Steel is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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