FilingReader Intelligence

Tokyo Steel cuts forecast after 21% sales drop

July 18, 2025 at 05:09 AM UTCBy FilingReader AI

Tokyo Steel Manufacturing reported a 21.4% year-on-year decrease in net sales to JPY 73,862 million for Q1 2025, with operating profit falling 50.8% to JPY 4,767 million. Net income declined 43.2% to JPY 3,728 million.

The company cited challenging overseas market conditions due to protectionist measures and domestic construction delays for the weak performance, which necessitated a revision of its full-year fiscal 2026 earnings forecast.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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