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NS TOOL rebounds for first time in six days on price hike announcement for some products from August orders
Shares of NS TOOL CO.,LTD. <6157> rebounded on Tuesday, snapping a five-day losing streak. The turnaround follows the company's announcement after the close on Monday, June 1, that it will implement price hikes on select products for orders received starting August 1, a move expected to bolster profitability.
The price adjustments will apply to its core carbide tool lineup, with increases ranging from 0% to 30%. The company stated that absorbing escalating costs for raw materials, logistics, and energy solely through internal operational efficiencies has become unsustainable.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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