Kobe Steel, Ltd. has revised upward its consolidated earnings forecast for the fiscal year ending March 2027 and expects net income of ¥105 billion. Valuation gains on raw materials are expected to increase as aluminum and copper prices rise.
Kobe Steel, Ltd. announced that it had revised upward its consolidated earnings forecast for the fiscal year ending March 2027 and expects net income of ¥105 billion. If achieved, this would be the first time in two years that net income has exceeded ¥100 billion.
The revision is attributed to rising aluminum and copper prices, which are expected to increase valuation gains on raw materials held by the company.