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Nakayama Steel Works,Ltd. ( (JP:5408) ) has issued an announcement.
Nakayama Steel Works, Ltd. announced a revision of its financial and dividend forecasts for the fiscal year ending March 31, 2026, due to challenging market conditions, including sluggish domestic demand and competition from cheaper imports. The company expects lower net sales and profits following an operational suspension at its Electric arc furnace plant, leading to a reduced year-end dividend forecast, reflecting its efforts to balance shareholder returns with financial stability.
The most recent analyst rating on (JP:5408) stock is a Buy with a Yen744.00 price target. To see the full list of analyst forecasts on Nakayama Steel Works,Ltd. stock, see the JP:5408 Stock Forecast page.
More about Nakayama Steel Works,Ltd.
Nakayama Steel Works, Ltd. operates in the steel industry, focusing on the production and sale of steel products. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its commitment to maintaining a stable dividend policy while securing internal reserves for future business development.
Average Trading Volume: 235,214
Technical Sentiment Signal: Sell
Current Market Cap: Yen33.29B
For detailed information about 5408 stock, go to TipRanks’ Stock Analysis page.