Tokyo Steel Manufacturing reports FY2026 net profit fall

11 articles · Updated · MarketWatch · May 1

For the year ended 31 March, parent net profit dropped to Y11.56bn from Y21.20bn, while revenue fell to Y268.10bn from Y326.78bn.
Operating profit declined to Y7.23bn from Y30.11bn and pretax profit to Y8.63bn from Y31.61bn, showing pressure across the steelmaker's earnings.
Earnings per share fell to Y112.56 from Y197.96, but the company forecast a full-year dividend of Y50.00, unchanged from the previous year.

An activist investor is pushing for change. Why is Tokyo Steel forecasting losses while sitting on a massive pile of cash?

As a 'green steel' leader, why is Tokyo Steel's business collapsing just as the sustainable economy is supposed to take off?