Tokyo Steel reports 49.5% drop in first-quarter standalone net profit to 1.882 billion yen

Earnings
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Tokyo Steel announced its standalone results for the April-to-June quarter, with net profit falling 49.5% year-on-year to 1.882 billion yen. Revenue declined, and persistently high raw material prices along with weak product prices weighed on profits. The company has left its full-year earnings forecast unchanged.

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