Overview
Iron and Steel

Godo Steel,Ltd.

Godo Steel is an electric arc furnace (EAF) steelmaker that produces a range of steel products including wire rods, various structural shapes (large and medium sections), rails, structural steel bars, and deformed reinforcing bars by recycling domestic iron scrap. The company also operates an agricultural materials segment, manufacturing and selling organic and chemical fertilizers. With Nippon Steel Corporation as a related company, Godo Steel leverages its recycling-based steelmaking model to supply infrastructure-critical steel products across Japan.

Market Cap
¥41.6B
US$265M
EV
¥38.5B
US$245M
Stock¥2,845▼-0.35%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.2
x
LTM EV/EBIT
5.2
x
LTM PER
7.2
x
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-49.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
41.6BUS$265MMarket Cap53.9BUS$344M+ Debt26.7BUS$170M− Cash30.8BUS$196M− Inv. Sec.0.45BUS$2.89M+ NCI38.5BUS$245MEV
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Performance & Balance
Revenue 5Y (¥B)
204US$1.30B'22/3235US$1.50B'23/3223US$1.42B'24/3205US$1.31B'25/3192US$1.22B'26/3
EBITDA 5Y (¥B)
2.49US$15.9M'22/318.0US$115M'23/322.3US$142M'24/318.4US$117M'25/314.6US$93.3M'26/3
Net Income 5Y (¥B)
-1.11-US$7.09M'22/312.5US$79.8M'23/315.2US$96.9M'24/311.3US$72.2M'25/38.05US$51.3M'26/3
Capital Structure
72%
28%
EquityD/E 0.38xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
34.9US$223M71.7US$458M'22/342.7US$272M76.2US$486M'23/353.2US$339M70.2US$448M'24/355.1US$352M64.4US$411M'25/360.0US$383M54.3US$346M'26/3
Shareholders
Top 10 hold 43.8%
1
NIPPON STEEL CORPORATION
17.60%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.50%
3
Business Partners' Stock Ownership Association
4.90%
4
KYOEI STEEL LTD.
3.50%
5
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.40%
6
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
1.80%
7
TOKYO TEKKO CO.,LTD.
1.80%
8
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
1.60%
9
Custody Bank of Japan, Ltd. (Trust Account)
1.40%
10
Godo Steel,Ltd. Employee Stock Ownership Association
1.30%
Management
11 officers
Shinji MINOBE
Representative Director, President
Apr 1983: Joined Nippon Steel Corporation (now Nippon Steel Corporation) Apr 2007: General Manager, Human Resources and Labor Relations Department, Nippon Steel U.S.A., Inc. (seconded) Apr 2009: General Manager, Electrical Steel Sales Department, Sheet Products Business Unit, Nippon Steel Corporation Apr 2013: Senior Manager, Human Resources and Labor Relations Department, Nippon Steel & Sumitomo Metal U.S.A., Inc. (seconded) Sep 2016: General Manager, Transportation & Industrial Machinery Planning Department, Transportation & Industrial Machinery Business Unit, Nippon Steel Corporation Apr 2018: Senior Advisor, Deputy General Manager, Transportation & Industrial Machinery Business Unit, and General Manager, Transportation & Industrial Machinery Planning Department, Nippon Steel Corporation Apr 2019: Executive Officer, Deputy General Manager, Transportation & Industrial Machinery Business Unit, Nippon Steel Corporation Apr 2020: Executive Officer, General Manager, Transportation & Industrial Machinery Business Unit, Nippon Steel Corporation Apr 2021: Managing Executive Officer, General Manager, Steel Pipe Business Unit, Nippon Steel Corporation Apr 2023: Executive Officer, Nippon Steel Corporation; Advisor, Nippon Steel Building Materials Co., Ltd. Jun 2023: Representative Director, President, Nippon Steel Building Materials Co., Ltd. Apr 2025: Senior Advisor, Godo Steel, Ltd. Jun 2025: Representative Director, President, Godo Steel, Ltd. (current)
1959-04-29
Akihito SETOGUCHI
Senior Managing Director, Executive Officer
Apr 1983: Joined Godo Steel, Ltd. Apr 2006: General Manager, Production Department, Himeji Works, Godo Steel, Ltd. Jun 2008: Director, General Manager, Manufacturing Department, Sanseikinzoku Kogyo Co., Ltd. (seconded) Jun 2010: General Manager, Administration Department, Funabashi Works, Godo Steel, Ltd. Jan 2012: General Manager, Technical Administration Department, Funabashi Works, Godo Steel, Ltd. Jun 2014: Director, Works Manager, Himeji Works, in charge of Structural Steel Business, Godo Steel, Ltd. Jun 2015: Executive Officer, Works Manager, Himeji Works, in charge of Structural Steel Business, Godo Steel, Ltd. Jun 2018: Managing Executive Officer, Works Manager, Himeji Works, in charge of Structural Steel Business, Godo Steel, Ltd. Jun 2022: Senior Managing Director, Executive Officer, General Manager, Technology Management Department, Godo Steel, Ltd.; responsible for Purchasing, Technology and Manufacturing, Technical Services, and Systems (current)
1960-02-01
Katsura NISHINAKA
Managing Director, Executive Officer
Apr 1984: Joined Godo Steel, Ltd. Jul 2007: General Manager, General Affairs Department, Himeji Works, Godo Steel, Ltd. Jun 2010: Director, General Manager, General Affairs Department, Sanseikinzoku Kogyo Co., Ltd. (seconded) Jun 2012: General Manager, Purchasing Department, Godo Steel, Ltd. Jun 2013: General Manager, General Affairs Department, Godo Steel, Ltd. Jun 2015: Executive Officer, General Manager, General Affairs Department, Godo Steel, Ltd. Jun 2019: Managing Executive Officer, General Manager, Corporate Planning Department and General Manager, Accounting Department, Godo Steel, Ltd. Jun 2020: Managing Director, Executive Officer, General Manager, Corporate Planning Department and General Manager, Accounting Department, Godo Steel, Ltd.; responsible for Corporate Planning, General Affairs, and Accounting Apr 2021: Managing Director, Executive Officer, General Manager, Corporate Planning Department, Godo Steel, Ltd.; responsible for Corporate Planning, General Affairs, and Accounting (current)
1961-09-08
Michiyuki FUJITA
Managing Director, Executive Officer
Apr 1988: Joined Nippon Steel Corporation (now Nippon Steel Corporation) Apr 2013: General Manager, General Affairs Department, Sakai Works, Nippon Steel Corporation Apr 2014: General Manager, General Affairs Department, Wakayama Works, Nippon Steel Corporation Jan 2015: General Manager, Labor and Purchasing Department, Wakayama Works, Nippon Steel Corporation Apr 2017: Department General Manager, Office of the President, Godo Steel, Ltd. Jun 2017: General Manager, Wire Rod Sales Department, Godo Steel, Ltd. Jun 2018: Executive Officer, General Manager, Sales Administration Department and General Manager, Wire Rod Sales Department, Godo Steel, Ltd. Jun 2019: Executive Officer, General Manager, Sales Administration Department and General Manager, Wire Rod Sales Department, Godo Steel, Ltd.; responsible for Wire Rod Sales and Section Steel Sales, in charge of Wire and Section Steel Business Jun 2021: Executive Officer, General Manager, Sales Administration Department and General Manager, Wire Rod Sales Department, Godo Steel, Ltd.; in charge of Wire and Section Steel Business Jun 2022: Managing Director, Executive Officer, Director, Tokyo Sales Office and General Manager, Sales Administration Department, Godo Steel, Ltd.; responsible for Sales, in charge of Bar Steel Business (current) Other principal positions: Representative Director, President, Kanto Deba Steel Co., Ltd. Representative Director, President, Godo Deba Engineering Co., Ltd.
1964-03-26
Mitsuaki TSUCHIYA
Outside Director
Apr 1977: Joined The Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2004: Executive Officer, Secretary Office Manager, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Mar 2006: Managing Executive Officer, Mizuho Corporate Bank, Ltd. Jun 2008: Representative Director, Deputy President, Mizuho Trust & Banking Co., Ltd. Jun 2011: Director, Deputy President, Mizuho Financial Group, Inc. Apr 2012: Representative Director, President, Mizuho Research Institute Ltd. Jun 2012: Corporate Auditor (Outside Auditor), Japan Atomic Power Company Jun 2017: Corporate Auditor (Outside Auditor), Japan Bank for International Cooperation (current) Jun 2017: Director, Audit and Supervisory Committee Member (Outside Director), Asahi Kogyo Co., Ltd.; Corporate Auditor, Daiichi Lease Co., Ltd. Jun 2019: Outside Director, Godo Steel, Ltd. (current) Jun 2020: Director (Outside Director), Nippon Soda Co., Ltd. Jun 2023: President, Nihon Shoko Club, General Incorporated Association (current)
1954-05-01
Noriko MATSUDA
Outside Director
Apr 1979: Joined the Ministry of Construction Jul 2003: Counsellor, PFI Promotion Office, Cabinet Office Aug 2005: Director, Division for Land Environment and Coordination, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2007: Director, General Affairs Division, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2008: Deputy Director-General, Urban and Living Environment, Minister's Secretariat, Ministry of Land, Infrastructure, Transport and Tourism Aug 2010: Director for Research Administration, Secretariat of the Council for Agriculture, Forestry and Fisheries Technology, Ministry of Agriculture, Forestry and Fisheries Aug 2012: Auditor, Japan Expressway Holding and Debt Repayment Agency Aug 2014: Principal, Land, Infrastructure, Transport and Tourism Academy, Ministry of Land, Infrastructure, Transport and Tourism Apr 2015: Advisor, IHI Environmental Engineering Co., Ltd. Apr 2015: Visiting Professor, Faculty of Sociology, Kindai University (current) Jun 2015: Director (Outside Director), Japan Post Insurance Co., Ltd. Jun 2018: Managing Executive Officer, Japan Post Insurance Co., Ltd. Jul 2021: President, Center for Promotion of Urban Agricultural Land Utilization, General Incorporated Foundation (current) Jun 2022: Outside Director, Godo Steel, Ltd. (current)
1955-12-07
Kensuke MASUOKA
Outside Director
Apr 1989: Registered as an attorney; joined Masuoka Shozo Law Office Apr 1993: Standing Member, Tokyo Bar Association Apr 2003: Vice President, Tokyo Bar Association Jun 2003: Corporate Auditor (Outside Auditor), TJM Design Corporation (current) Dec 2006: Corporate Auditor (Outside Auditor), Itochu Shokuhin Co., Ltd. Jan 2007: Head, Masuoka Sogo Law Office (current) Jun 2024: Outside Director, Godo Steel, Ltd. (current)
1957-05-18
Tomoyuki YAMANAKA
Full-time Corporate Auditor
Apr 1986: Joined Godo Steel, Ltd. Jan 2008: Manager (General Manager), Internal Audit Office, Godo Steel, Ltd. Jun 2010: General Manager, General Affairs Department, Himeji Works, Godo Steel, Ltd. Jan 2012: General Manager, Operations Department, Himeji Works, Godo Steel, Ltd. Jun 2015: Deputy General Manager (Planning and Coordination), Bar Steel Sales Department, Godo Steel, Ltd. Jun 2019: Full-time Corporate Auditor, Godo Steel, Ltd. (current)
1962-04-14
Takaki FUKUDA
Full-time Corporate Auditor
Apr 1989: Joined Godo Steel, Ltd. Jul 2005: General Affairs Group Leader, General Affairs Department, Godo Steel, Ltd. Jul 2010: General Affairs Group Leader, General Affairs Department, Himeji Works, Godo Steel, Ltd. Jun 2013: General Manager, Operations Department, Osaka Works, Godo Steel, Ltd. Jul 2017: Deputy General Manager, Corporate Planning Department, Godo Steel, Ltd. Jun 2025: Full-time Corporate Auditor, Godo Steel, Ltd. (current)
1967-01-07
Kiyoshi SAKAI
Outside Corporate Auditor
Apr 1973: Joined Kobe City Hall Apr 1975: Joined Tohmatsu & Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Mar 1979: Registered as a Certified Public Accountant Jul 1990: Partner, Deloitte Touche Tohmatsu (now Deloitte Touche Tohmatsu LLC) Jul 1998: Representative Partner, Deloitte Touche Tohmatsu Apr 2006: Auditor, Hyogo University of Teacher Education (National University Corporation) Jan 2016: Head, Kiyoshi Sakai Certified Public Accountant Office (current) Apr 2016: Part-time Lecturer, Kansai University Jun 2016: Outside Corporate Auditor, Godo Steel, Ltd. (current) Dec 2016: Director (Outside Auditor), IMV Corporation (current) Oct 2020: Auditor, Kansai University
1950-08-09
Yasuhiro SUKEGAWA
Outside Corporate Auditor
Apr 1993: Joined Nippon Steel Corporation (now Nippon Steel Corporation) Oct 2012: Manager, General Affairs Office, General Affairs Department, Oita Works, Nippon Steel Corporation Apr 2014: Manager, General Affairs and Human Resources Office, General Affairs Department, Oita Works, Nippon Steel Corporation Jun 2015: Seconded to NIPPON STEEL & SUMITOMO METAL Southeast Asia Pte. Ltd. (now NIPPON STEEL SOUTHEAST ASIA CO., LTD.) May 2017: Manager, Overseas Human Resources Office, Human Resources and Labor Relations Department, Nippon Steel & Sumitomo Metal Corporation (now Nippon Steel Corporation) Apr 2019: General Manager, General Affairs Department, Nagoya Works, Nippon Steel Corporation May 2021: General Manager, Affiliated Companies Department, Nippon Steel Corporation (current) May 2021: Corporate Auditor, Nippon Steel SG Wire Co., Ltd. (current) Jun 2021: Outside Corporate Auditor, Godo Steel, Ltd. (current) Jun 2021: Corporate Auditor, Kurosaki Harima Corporation Jun 2022: Outside Corporate Auditor, Kyoei Steel Ltd. (current)
1968-07-04
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-28
株主総会招集通知
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-03
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-01
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-05
Quarterly Securities Report
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