Godo Steel reports mixed Q1 results with profit rising

Godo Steel reported mixed first-quarter results, with net sales falling 10.3% to 47,903 million yen and operating profit declining 10.7% to 2,961 million yen.

However, profit attributable to owners rose 3.9% to 2,935 million yen. Total assets decreased by 12,600 million yen to 252,953 million yen, while net assets increased by 1,080 million yen to 135,829 million yen.

The company maintained its full-year dividend forecast of 200 yen and left earnings guidance unchanged.