Daido Steel stock starts a vanadium alloy project for fusion

Published on 10/08/2026 at 03:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Daido Steel stock traded at JPY 2,476.50 on October 8, 2026, down 3.28 percent. A joint project has processed 200 kg of vanadium alloy for fusion materials.

Daido Steel, JP3491000000, Illustration mit AI erstellt.

Daido Steel stock (ISIN JP3491000000) was trading at JPY 2,476.50 on the Tokyo Stock Exchange on October 8, 2026, down 3.28 percent from the prior close. The move came as the specialty steel producer advanced a new fusion energy materials project announced on October 7, 2026.

Fusion project reaches 200 kg

According to Business Wire on October 7, 2026, Daido Steel and Kyoto Fusioneering began joint development of commercial manufacturing technology for low-activation vanadium alloy used in fusion reactor blankets.

The partners have melted and forged a cumulative 200 kg of high-purity vanadium into round bars and plates. The first finished materials included 7.3 kg of round bar and 2.6 kg of plate, while 70 kg in total is planned for delivery to Kyoto Fusioneering.

Quarterly growth sets the baseline

Daido Steel's investor-relations page identifies consolidated results for the three months ended June 30, 2026, as the first quarter of the fiscal year ending March 2027, with the release dated July 28, 2026, Daido Steel reports.

For that quarter, revenue reached JPY 163.53 billion, up 14.9 percent from the year-earlier period, while operating profit rose 51.4 percent to JPY 13.112 billion, according to Note on September 20, 2026. The comparison gives the fusion project a financial backdrop of expanding quarterly sales and profit, although the project remains focused on manufacturing development rather than a disclosed commercial order.

Stock remains below yearly high

At JPY 2,476.50 on October 8, 2026, the stock stood JPY 528.50 below its 52-week high of JPY 3,005.00 and JPY 1,215.00 above its 52-week low of JPY 1,261.50. Trading volume was 202,400 shares, and the market capitalization was JPY 494.9 billion on the same date.

The price data place the stock in the upper half of its yearly range while the new project adds a measurable clean-energy application to Daido Steel's specialty materials portfolio. The company also serves automotive, industrial machinery, energy, aircraft, medical equipment and digital-device markets through its broader materials businesses.

Daido Steel stock trades at JPY 2,476.50

Daido Steel stock was last at JPY 2,476.50 on the Tokyo Stock Exchange on October 8, 2026 at 10:13 a.m. JST, with a daily change of minus 3.28 percent. The project figures and first-quarter comparison give investors two separate markers: 200 kg of alloy processed for the new application and 14.9 percent year-over-year revenue growth in the latest reported quarter.