TOKYO STEEL MANUFACTURING, Ordinary Profit Forecast for First Half Revised Downward by 27%, Full Year also Reduced

TOKYO STEEL MANUFACTURING CO., LTD. <5423> [TSE Prime] announced its financial results in the afternoon session on July 18th (14:00). The ordinary profit (non-consolidated) for the first quarter of the fiscal year ending March 2026 (April to June) dropped 48.2% from the same period last year to 5.31 billion yen.

In addition, the April to September period (first half) ordinary profit has decreased 26.7%, from the previous forecast of 10.5 billion yen to 7.70 billion yen (compared to 14.8 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 29.5% to 48.3%.

Due to the deterioration of business performance in the first half of the year, the full-year forecast for ordinary profit has decreased 14.0%, from the previous forecast of 20.0 billion yen to 17.2 billion yen (compared to 31.6 billion yen in the previous period), leading to an increase in the profit decline rate from 36.7% to 45.6%.

In the most recent three-month period, from April to June (1Q), the operating profit margin significantly dropped from 10.3% in the same period last year to 6.5%.

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