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Tokyo Steel Manufacturing Co ( (JP:5423) ) has provided an update.
Tokyo Steel Manufacturing Co. reported a sharp deterioration in non-consolidated earnings for the fiscal year ended March 31, 2026, as net sales fell 18% to ¥268.1 billion and operating profit plunged 76% to ¥7.2 billion. Ordinary profit dropped 72.7% and profit declined 45.5%, while basic earnings per share slid to ¥112.56, reflecting weaker margins and softer market conditions.
Despite the profit slump, net assets rose to ¥221.1 billion and the equity-to-asset ratio improved to 75.8%, underscoring a still-solid balance sheet supported by retained earnings. The company maintained an annual dividend of ¥50 per share for FY2026 but forecasts a cut to ¥40 in FY2027 and projects net sales growth to ¥315 billion alongside an operating loss, signaling expectations of persistent profit pressure amid challenging steel market dynamics.
The most recent analyst rating on (JP:5423) stock is a Hold with a Yen1450.00 price target. To see the full list of analyst forecasts on Tokyo Steel Manufacturing Co stock, see the JP:5423 Stock Forecast page.
More about Tokyo Steel Manufacturing Co
Tokyo Steel Manufacturing Co., Ltd. is a Japanese electric-furnace steelmaker listed on the Tokyo Stock Exchange, specializing in steel products produced from iron scrap. The company operates within the domestic and export steel markets, where its performance is closely tied to steel market conditions and raw material price trends.
Average Trading Volume: 478,526
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen199.5B
For a thorough assessment of 5423 stock, go to TipRanks’ Stock Analysis page.