Tokyo Steel Manufacturing announced an upward revision to its forecast for ordinary profit for the current fiscal year, which is expected to turn positive, and raised its forecast for net profit to 7,000. The new assumptions were announced on 26/10/16, with revenue at 326,000 and revised earnings per share at 69.28.
Tokyo Steel Manufacturing raised its earnings forecasts for the current fiscal year, increasing revenue to 326,000, operating profit to 1,000, ordinary profit to 2,000 and net profit to 7,000. Revised net profit per share was 69.28, and the dividend per share was 40.
The revision affects the outlook for the first half and the full fiscal year, with ordinary profit now expected to turn positive. Both ordinary profit and net profit are expected to move into the black compared with the previous forecasts, indicating an improvement in earnings.