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TOKYO TEKKO surges on announcement of share buyback of up to 350,000 shares

Thu May 7, 2026 2:00 pm JST Catalyst

TOKYO TEKKO CO., LTD. <5445> saw its gains accelerate sharply. Around 1:30 p.m., the company announced a share buyback program of up to 350,000 shares (1.38% of issued shares excluding treasury stock) or 500 million yen, which was viewed as positive news. The buyback period will run from May 11 to June 30, and is intended to enhance shareholder returns, improve capital efficiency, and enable flexible capital management in response to changes in the business environment.

In its consolidated earnings forecast for the fiscal year ending March 2027 announced simultaneously, TOKYO TEKKO projects sales of 76 billion yen (up 4.8% year-on-year), operating profit of 10 billion yen (down 17.0%), and net profit of 7.1 billion yen (down 12.1%). Amid sluggish demand for steel bars, rising prices of iron scrap, a key raw material, are expected to weigh on profits.

For the fiscal year ended March 2026, the company reported sales of 72.54 billion yen (down 12.2% from the previous year), operating profit of 12.042 billion yen (down 17.9%), and net profit of 8.075 billion yen (down 25.6%).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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