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An announcement from Tokyo Steel Manufacturing Co ( (JP:5423) ) is now available.
Tokyo Steel Manufacturing Co., Ltd. has revised its financial forecasts for the fiscal year ending March 31, 2026, due to lower-than-expected product shipment volumes and increased fixed costs. The company cites labor shortages in the domestic construction sector and rising scrap iron prices as key challenges. Despite resolving a tariff issue with the United States, uncertainty in domestic demand persists, prompting the company to focus on restoring selling prices and reducing costs.
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. operates in the steel manufacturing industry, focusing on producing and selling steel products. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its commitment to profitability and market-driven pricing strategies.
Average Trading Volume: 453,365
Technical Sentiment Signal: Hold
Current Market Cap: Yen160B
For detailed information about 5423 stock, go to TipRanks’ Stock Analysis page.