Tokyo Tekko revenue falls 11% amid weak rebar demand

Tokyo Tekko's net sales fell 11.4% year-on-year to 19.3bn yen in the first quarter, primarily due to shrinking demand for rebar in Japan affecting both shipment volumes and prices.

Despite the sales decline, operating profit dropped only modestly by 2.8% to 3.6bn yen. However, profit attributable to owners fell more sharply by 18.4% to 2.3bn yen.

The company maintained its financial forecast for the fiscal year ending March 2026.