For the fiscal year ending March 2026, net sales were 268.095 billion yen against a forecast of 272.12 billion yen, down 1.5% year-over-year, operating income was 7.23 billion yen against a forecast of 8.2 billion yen, down 11.8%, and net income attributable to owners of parent was 11.557 billion yen versus a forecast of 8.8 billion yen, an increase of 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5423","jir_company_name":"Tokyo Steel Manufacturing Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-24","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/5423-20260424-03.pdf","jir_short_summary":"For the fiscal year ending March 2026, net sales were 268.095 billion yen against a forecast of 272.12 billion yen, down 1.5% year-over-year, operating income was 7.23 billion yen against a forecast of 8.2 billion yen, down 11.8%, and net income attributable to owners of parent was 11.557 billion yen versus a forecast of 8.8 billion yen, an increase of 31.3%.","jir_summary":"### Overview of Earnings\nRegarding the difference between the full-year earnings forecast and actual results for the fiscal year ending March 2026, net sales decreased by 1.5% to 268,095 million yen versus the forecast of 272,200 million yen, and operating income decreased by 11.8% to 7,230 million yen versus the forecast of 8,200 million yen. Ordinary income also decreased by 11.9% to 8,632 million yen against the forecast of 9,800 million yen. On the other hand, net income attributable to owners of parent increased by 31.3% to 11,557 million yen compared to the forecast of 8,800 million yen.\n\n### Reasons for Differences and Future Outlook\nThe main reason net income exceeded the forecast was due to a careful review of the recoverability of deferred tax assets, resulting in additional deferred tax assets recorded in the fiscal year ending March 2026 and an adjustment of -1,361 million yen as income tax adjustment. This reduced the tax burden and increased net income. Other performance indicators fell short of forecasts, and improving management efficiency remains an ongoing challenge.","jir_financial_highlights":"Net Sales: 268,095 million yen (Compared to previous forecast \u25b31.5%)\nOperating Income: 7,230 million yen (Compared to previous forecast \u25b311.8%)\nOrdinary Income: 8,632 million yen (Compared to previous forecast \u25b311.9%)\nNet Income Attributable to Owners of Parent: 11,557 million yen (Compared to previous forecast +31.3%)\nNet Income Per Share: 112.56 yen (Unknown)","jir_category":"","jir_hashtags":"#TokyoSteelManufacturing, #financial_summary, #JapaneseStocks","jir_key_figures":"Net Sales: 268,095 million yen (Compared to previous forecast \u25b31.5%)\nOperating Income: 7,230 million yen (Compared to previous forecast \u25b311.8%)\nNet Income Attributable to Owners of Parent: 11,557 million yen (Compared to previous forecast +31.3%)","jir_meta_title":"[Tokyo Steel Manufacturing] Fiscal Year Ending March 2026 Earnings | Net Income of 11.5 Billion Yen (+31.3% YoY)","jir_meta_description":"Tokyo Steel Manufacturing Co., Ltd.'s full-year earnings for the fiscal year ending March 2026 reported net sales of 268 billion yen (down 1.5% YoY), operating income of 7.2 billion yen (down 11.8%), and net income of 11.5 billion yen (up 31.3%). The increase in net income was driven by additional deferred tax asset recognition.","jir_og_title":"[Tokyo Steel Manufacturing] Fiscal Year Ending March 2026 Earnings | Net Income 11.5 Billion Yen (+31.3%)","jir_og_description":"Announcement of Tokyo Steel Manufacturing's fiscal year ending March 2026 earnings. Net sales of 268 billion yen, operating income of 7.2 billion yen, and net income of 11.5 billion yen with a significant net income increase.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9198,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-42135","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n