Updated
Updated · MarketWatch · May 7
Tokyo Tekko reports lower full-year net profit
Updated
Updated · MarketWatch · May 7

Tokyo Tekko reports lower full-year net profit

8 articles · Updated · MarketWatch · May 7
  • For the year ended 31 March 2026, net profit fell to Y8.08 billion from Y10.85 billion, while revenue declined to Y72.54 billion from Y82.59 billion.
  • Operating profit dropped to Y12.04 billion from Y14.68 billion, pretax profit slipped to Y12.04 billion from Y15.06 billion, and earnings per share fell to Y315.59 from Y412.92.
  • The Japanese steelmaker said the results were prepared under Japanese accounting standards, indicating weaker profitability across its latest fiscal year.
As Japan's steel output hits a 58-year low, can Tokyo Tekko's focus on scrap steel save it from the industry's collapse?
Is Japan's costly green transition accelerating the decline of its steel industry, despite massive government subsidies?
With its domestic market collapsing, is overseas expansion the only survival strategy left for Japan's remaining steel companies?