Tokyo Steel's first-half ordinary income swung to a loss, and the July-September quarter also ended in a loss. The report presents the company's first-half results together with its second-half forecast.
Tokyo Steel reported ordinary income of a ¥2.94 billion loss for the cumulative second quarter of the fiscal year ending March 2027 (April-September). The same period of the previous fiscal year recorded a ¥6.98 billion profit.
Ordinary income for the latest three-month period, July-September, was a ¥1.2 billion loss, compared with a ¥1.66 billion profit in the same period of the previous fiscal year. The operating margin on sales deteriorated sharply from 2.1% in the same period of the previous fiscal year to -1.6%.
Based on the first-half results and the unchanged full-year plan, ordinary income for the October-March period, or second half, is calculated to expand sharply to ¥4.94 billion, 3.0 times the level of the same period of the previous fiscal year.