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TOYO TANSO recovers after morning decline despite Q1 revenue and profit drop
TOYO TANSO CO.,LTD. <5310> pared early losses to trade higher following its first-quarter consolidated earnings report for the January-March period. Revenue for the quarter fell 7.8% year-on-year to 10,576 million yen, while operating profit plummeted 70.3% to 634 million yen. Although metallurgical products and electrical discharge machining electrodes remained steady, semiconductor-related products saw a sharp decline amid market adjustments. TOYO TANSO opened lower in response to the weak results but recovered as initial selling pressure subsided.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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