Japan Steel Works (JP:5631) has released an update.
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The Japan Steel Works, Ltd. reported a decrease in net sales by 13.1% but a significant increase in profits for the first quarter ended June 30, 2024, with operating profit and profit attributable to owners up by 54.9% and 47.7%, respectively. Total assets rose marginally from the previous quarter, while the equity ratio saw a slight decline. The company also forecasts an overall improvement in financial performance for the fiscal year ending March 31, 2025, including a 4.9% increase in net sales and higher dividends.
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