Daido Steel stock gained 4.00 percent as first-quarter profit surged

Published on 10/07/2026 at 01:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Daido Steel stock was last at JPY 2,650.50 on October 6, 2026, after a 4.00 percent gain. First-quarter sales rose 14.9 percent to JPY 163.53 billion.

Daido Steel, JP3491000000, Illustration mit AI erstellt.

Daido Steel stock (ISIN JP3491000000) was last at JPY 2,650.50 on the Tokyo Stock Exchange on October 6, 2026, up JPY 102.00 or 4.00 percent from the previous close. The move gives the specialty steel producer a fresh market signal after first-quarter FY2027 sales rose 14.9 percent year over year to JPY 163.53 billion.

First-quarter growth sets the tone

According to Note on September 20, 2026, Daido Steel's first-quarter operating profit climbed 51.4 percent year over year to JPY 13.112 billion. The report linked the improvement to higher stainless steel demand from semiconductor manufacturing equipment and stronger plant-related sales.

The result matters because it combines top-line expansion with faster profit growth. Daido Steel's full-year operating-profit plan is JPY 40.0 billion, which the same report described as 4.9 percent below the prior fiscal year's result, leaving the quarterly performance ahead of the cautious annual framework.

Specialty steel meets growth themes

Daido Steel supplies specialty steel, functional and magnetic materials, automotive and industrial machinery parts, engineering services, and related businesses. Its exposure to stainless steel for semiconductor equipment gives the latest figures a more specific driver than a broad steel-price argument.

The company identifies its first-quarter FY2027 results as a key investor-relations item on its Daido Steel investor-relations page, which dates the consolidated report to July 28, 2026. The page also lists a results Q&A session dated August 10, 2026.

Stock stays below yearly high

At JPY 2,650.50, the share was 11.80 percent below its JPY 3,005 52-week high and 110.06 percent above its JPY 1,261.50 low. The October 6 session ranged from JPY 2,569.00 to JPY 2,661.50, with volume of 1,493,900 shares.

Daido Steel's market capitalization stood at JPY 529.7 billion as of October 6, 2026. The combination of a 4.00 percent daily gain and first-quarter operating-profit growth of 51.4 percent puts earnings conversion at the center of the stock's current valuation discussion.

Daido Steel stock and investor context

For investors, the key distinction is between quarterly momentum and the full-year plan. Sales growth of 14.9 percent and operating-profit growth of 51.4 percent show the strength of the June quarter, while the annual target still assumes a more measured second half.

Daido Steel stock was last at JPY 2,650.50 on the Tokyo Stock Exchange on October 6, 2026, with a 4.00 percent daily gain and a market capitalization of JPY 529.7 billion.