Toyo Machinery & Metal reports loss, reverses deferred tax assets

Toyo Machinery & Metal (TSE:6210) announced a reversal of deferred tax assets totaling JPY227 million and a discrepancy between its previously announced full-year consolidated earnings forecast and actual results for the fiscal year ending March 31, 2025. The company reported a net loss attributable to the parent company of JPY845 million, a significant deviation from earlier projections. This decision, driven by a cautious reassessment of recoverability, reflects current and future business prospects.