TOKYO STEEL MANUFACTURING CO.,LTD. [5423.T]
TOKYO, Apr 24 (Pulse News Wire) – Tokyo Steel Manufacturing CO.,LTD. (5423.T) reported its fiscal year 2026 earnings, which showed a higher-than-expected net profit compared to previous forecasts.
The company's results for the fiscal year ending March 31, 2026, revealed: - Revenue: ¥2,080 billion (previous forecast: ¥2,100 billion) - Operating Profit: ¥100 billion (previous forecast: ¥105 billion) - Ordinary Profit: ¥98 billion (previous forecast: ¥112.6 million) - Net Profit: ¥52 billion (previous forecast: ¥40 billion) - EPS: ¥104 (unchanged from previous forecast) The variance was primarily due to additional deferred tax assets recorded during the fiscal year, resulting in a net adjustment of ¥11.56 billion to the tax-related items, leading to a significant increase in net profit. Nara Naoya, President and CEO, stated that the improved performance reflects the company’s ongoing efforts to optimize operations and enhance profitability.
The revised figures indicate a positive trend despite challenges faced throughout the fiscal year.
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