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Mitsubishi Steel Mfg.Co., Ltd. ( (JP:5632) ) has provided an update.
Mitsubishi Steel Mfg. Co., Ltd. announced a revision to its full-year consolidated earnings forecast due to lower-than-expected operating income, primarily caused by reduced productivity and operational issues at the Muroran industrial complex. Despite net sales aligning with previous forecasts, the company anticipates a shortfall in ordinary and net income, though extraordinary gains are expected from asset sales and overseas restructuring adjustments.
The most recent analyst rating on (JP:5632) stock is a Buy with a Yen2154.00 price target. To see the full list of analyst forecasts on Mitsubishi Steel Mfg.Co., Ltd. stock, see the JP:5632 Stock Forecast page.
More about Mitsubishi Steel Mfg.Co., Ltd.
Mitsubishi Steel Mfg. Co., Ltd. operates in the steel manufacturing industry, focusing on producing steel products and components. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in both domestic and international markets.
Average Trading Volume: 130,335
Technical Sentiment Signal: Buy
Current Market Cap: Yen28.08B
For detailed information about 5632 stock, go to TipRanks’ Stock Analysis page.