【Tokyo Steel】Revisions to Earnings Guidance｜July 17, 2026

Details of Earnings Guidance Revision

Tokyo Steel has revised its full-year earnings guidance for the fiscal year ending March 2027, announced on April 24, 2026. Revenue remains unchanged at 315,000 million yen from the previous forecast, while operating income and ordinary income are forecast to be △4,000 million yen and △2,500 million yen, respectively. Meanwhile, net income has been revised upward to 1,000 million yen, an increase from the previous forecast of 0 yen. The increase in net income is expected to result from gains on sale of investment securities.

Future Outlook and Impact

This revision is based on recording gains on sale of investment securities through the sale of held stocks, and there are no significant changes to revenue or profit forecasts. The projected increase in net income is attributable to the effect of stock sales as part of the company's investment strategy. The company will continue to pursue prudent management and investment strategies aimed at enhancing shareholder value.