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Mitsubishi Steel Mfg.Co., Ltd. ( (JP:5632) ) has shared an update.
Mitsubishi Steel Mfg. Co., Ltd. announced the recording of an extraordinary income of ¥668 million in the fourth quarter of the fiscal year, following successful negotiations by its subsidiary, MSSC INC, to compensate customers for losses incurred due to a court-ordered price revision. This development effectively nullifies the extraordinary losses recorded in the third quarter, ensuring no impact on the fiscal year results ending March 2025. The company also plans to withdraw its appeal against the judgment, marking a resolution to the legal proceedings.
More about Mitsubishi Steel Mfg.Co., Ltd.
Mitsubishi Steel Mfg. Co., Ltd. operates in the steel manufacturing industry, focusing on producing and supplying steel products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is led by President & CEO Jun Yamaguchi.
Average Trading Volume: 97,003
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen24.79B
For a thorough assessment of 5632 stock, go to TipRanks’ Stock Analysis page.