Tokyo Steel Manufacturing Surges to New Year-to-Date High as Oasis Management Emerges as Major Shareholder

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Fri Apr 3, 2026 9:05 am JST Catalyst

TOKYO STEEL MANUFACTURING CO., LTD. <5423> surged sharply, starting with buy-dominated trading and breaking out of its consolidation range in the mid-\1,600 level to show a clear upward trajectory. The stock decisively surpassed its previous year-to-date high of \1,659 set on the 27th. As an independent electric furnace steelmaker commanding a top-tier market share in the industry, the company has remained undervalued in terms of investment indicators, with its price-to-book ratio significantly below its liquidation value.

Against this backdrop, a large shareholding report filed by Hong Kong-based investment fund Oasis Management after market close on the 2nd revealed that Oasis's stake in TOKYO STEEL MANUFACTURING has reached 6.25%, newly exceeding the 5% threshold. The stated purpose of the holding is portfolio investment and significant proposal activities (the fund may engage in significant proposal activities to protect shareholder value). This development has fueled buying interest amid heightened expectations for further gains in the stock.

Source: MINKABU PRESS