Tokyo Steel Manufacturing Revises Earnings Forecast — Operating Profit Swings to Black

Tokyo Steel Manufacturing Revises Earnings Forecast — Operating Profit Swings to Black

Tokyo Steel Manufacturing Co., Ltd. (TSE:5423) has revised its earnings forecast for the fiscal year ending March 2027, raising full-year net profit guidance by 600% to JPY 7.0bn on the back of stronger-than-expected pricing and lower raw material costs.

For the six-month interim period (April–September 2026), the steelmaker reported that product selling prices rose as planned while iron scrap purchase costs—a key raw material—came in below expectations. These factors improved interim operating profit to a loss of JPY 3.5bn from a previously forecast loss of JPY 4.0bn. Additionally, asset sales contributed to interim net profit of JPY 2.25bn, up 125% from the prior forecast of JPY 1.0bn. Management now expects full-year operating profit to turn positive at JPY 1.0bn, reversing the prior forecast loss of JPY 4.0bn, as price revisions flow through product shipments over the remainder of the fiscal year.

The revision signals improving operational momentum for Tokyo Steel Manufacturing, reflecting successful pricing actions and favorable commodity input costs. However, investors should note that results remain exposed to volatility in iron scrap prices and steel market conditions, which could materially affect actual performance relative to the revised guidance.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.