Mitsubishi Steel Mfg.Co.,Ltd. [5632.T]
TOKYO, May 13 (Pulse News Wire) – Mitsubishi Steel Mfg.co.,ltd. (5632.T) reported ongoing recovery efforts following a fire incident at Hokkaido Ironworks Co., Ltd., a joint venture with Nippon Steel Corp.
The thermal wind furnace damage caused a shutdown of the blast furnace since December 01, 2025, but operations have resumed. Mitsubishi Steel Muroran Special Steel Co., Ltd., a key domestic production site, continued special steel production despite the accident through alternative raw material sourcing.
For the fiscal year ending March 2026, the company expects reduced sales volumes and productivity issues due to the blast furnace stoppage, impacting operating profit by approximately ¥3.500 billion. Additionally, a one-time loss of ¥900 million was recorded in the fourth quarter of the fiscal year 2026 as a special charge related to the accident.
Looking ahead, while the first quarter of fiscal 2027 might still face some challenges, the company anticipates revenue recovery beginning in the second quarter.
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