Maruichi Steel Tube, a major steel pipe manufacturer, raised its full-year operating profit forecast against a backdrop of strong US operations, while a possible dividend increase was also reported.
Maruichi Steel Tube is extending its gains sharply following the previous day's earnings announcement. Based on its first-half results for April–September, it was reported to have revised its full-year operating profit forecast upward.
Its US operations were described as strong and were reported to have boosted the group's earnings outlook. The possibility of a dividend increase was also mentioned, with the text containing “phe”.