Goldman Sachs keeps JPY 11,500 target for Japan Steel Works stock

Published on 10/17/2026 at 21:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 10, 2026. Japan Steel Works stock stood at JPY 6,739.00 on October 16, 2026, up 5.20 percent versus the prior close.

Analyst target and reporting date

Goldman Sachs maintained a JPY 11,500 target on October 9, 2026, 70.65 percent above the stock price.
The next earnings report is scheduled for November 10, 2026.
Japan Steel Works stock stood at JPY 6,739.00 on October 16, 2026 at 3:30 p.m. JST, up 5.20 percent versus the prior close.
Its price-to-earnings ratio was 23.86 and market capitalization was JPY 496.1 billion on October 16, 2026.

Japan Steel Works, JP3721400004, Illustration mit AI erstellt.

Goldman Sachs maintained a Buy rating on The Japan Steel Works and a 12-month target of JPY 11,500 in research dated October 9, 2026, according to Finvaulta. Against the JPY 6,739.00 last price on October 16, 2026, that target is 70.65 percent above the stock price. Japan Steel Works stock stood at JPY 6,739.00 on October 16, 2026 at 3:30 p.m. JST, up 5.20 percent versus the prior close of JPY 6,406.00.

November 10 results set the next date

The next earnings report is scheduled for November 10, 2026, according to Investing.com. The date gives investors the next scheduled point for testing whether the company can support the valuation implied by the analyst target.

Price position and trading activity

The October 16 price was 6.11 percent above the 52-week low of JPY 6,351.00 and 36.54 percent below the 52-week high of JPY 10,620.00. Trading volume reached 841,700 shares, compared with an average volume of 827,889 shares.

The valuation picture is mixed in numerical terms. Market capitalization stood at JPY 496.1 billion on October 16, 2026, while the price-to-earnings ratio was 23.86 and the trailing dividend yield was 0.01 percent.

Comparison with peers

Japan Steel Works (TSE, JPY): up 5.20 percent, P/E 23.86, market capitalization JPY 496.1 billion

Mitsubishi Heavy Industries (TSE, JPY): up 5.42 percent, P/E 32.01, market capitalization JPY 12.8 trillion

Nippon Steel Corporation (TSE, JPY): up 0.39 percent, P/E 12.03, market capitalization JPY 3.4 trillion

Analyst target leaves a wide spread

The Goldman Sachs target sits 70.65 percent above the October 16 price, creating a wide gap between the latest market level and the research target. The next earnings date is therefore the clearest scheduled checkpoint for investors following the stock.

Japan Steel Works is a Tokyo-based industrial machinery manufacturer with activities spanning steel products, plastics machinery and defense equipment. Its shares trade in Tokyo under ticker 5631.