Tokyo Steel has upwardly revised its ordinary income forecast for the current fiscal year to a profit. As a result, the first-half forecast is expected to show a wider loss.
Tokyo Steel has upwardly revised its forecast for non-consolidated ordinary income for the current fiscal year from the previously forecast ¥2.5 billion loss to a ¥2.0 billion profit. It also disclosed that the previous fiscal year ended with a ¥8.63 billion profit.
Meanwhile, ordinary income for the April-September period, or first half, has been revised downward from the previously forecast ¥3.0 billion loss to a ¥3.15 billion loss. The same period of the previous fiscal year recorded a ¥6.98 billion profit.
This article was prepared based on numerical data released by the company and reports based on publicly available information, including earnings reports.