Chuo Hatsujō extended its decline in the afternoon session on the 28th, reaching its lowest level since August 2025 as production cuts in China weighed on the company. It also cut its earnings forecast for the fiscal year ending March 2027.
Chuo Hatsujō extended its decline in the afternoon session on the 28th, reaching its lowest level since August 2025. The market is watching the share price of the company, which makes automotive springs and precision components.
According to reports, the impact of production cuts in China has been cited as a contributing factor, with concerns that this could also affect the outlook for future orders.
The company was reported to have cut its earnings forecast for the fiscal year ending March 2027.