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Mitsubishi Steel Mfg.Co., Ltd. ( (JP:5632) ) has provided an announcement.
Mitsubishi Steel Mfg. Co., Ltd. has reported non-operating expenses in its non-consolidated financial statements for the fiscal year ending March 31, 2025. The company recorded ¥597 million in interest expenses related to borrowings and ¥1,373 million as a provision for doubtful accounts of subsidiaries and affiliates. These expenses are eliminated in the consolidated financial statements, thus having no impact on consolidated profit or loss. The financial deterioration of subsidiaries MSM NINGBO SPRING CO., LTD. and MSM SPRING INDIA PVT. LTD. contributed to the increase in allowance for doubtful accounts.
More about Mitsubishi Steel Mfg.Co., Ltd.
Mitsubishi Steel Mfg. Co., Ltd. operates in the steel manufacturing industry, focusing on producing a range of steel products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in various market segments including automotive and industrial machinery.
Average Trading Volume: 97,003
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen24.79B
For detailed information about 5632 stock, go to TipRanks’ Stock Analysis page.