|  | 25/07/2005 |
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Tokyo Steel Manufacturing Up the Ordinary Profit of 39.5 Billion Yen in the First Half
Tokyo Steel Manufacturing corrected the mid-term performance anticipation in September, 2005 to upward on 22, and expected as the ordinary profit of 36.5 billion yen (last anticipation of 29 billion yen), the current income of 21 billion yen (last anticipation of 29 billion yen). The ordinary profit and the current income exceeded last anticipation because the ferrous scrap price fell sharply. Since the products shipment quantity such as mainly the steel sheets decreased, the sales are expected to decrease with 112 billion yen (last anticipation of 120 billion yen). The firm forecasts that the sales and the profit in the second half of fiscal 2005 at the ending of March fall short of anticipation since the shipment price of the products also drop in addition to reduction of the selling quantity of the products.
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 | Tokyo Steel Manufacturing Up the Ordinary Profit of 39.5 Billion Yen in the First Half
| | Yuan's Revaluation to Have Little impact on Japan Steel Industry
| | Ferrous Scrap Supply and Demand Increases in Taiwan
| | Cold Rolled Steel Sheet Price Is Weak in Tokyo
| | Tokyo, Ferrous Scrap Price Continues Wait-and-See Situation
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