Nakayama Steel Works Faces Profit Decline

Nakayama Steel Works,Ltd. (JP:5408) has released an update.

Nakayama Steel Works, Ltd. reports marginal growth in net sales but faces significant declines in profit for the first quarter ended June 30, 2024, with operating, ordinary, and net profits down by 31.3%, 32.9%, and 41.1% respectively. The company’s total assets increased slightly, while the net assets and capital adequacy ratio saw a minor decrease. Despite these results, the company is preparing for dividend payments and has released a forecast for the fiscal year ending March 31, 2025, that suggests a continued downward trend in profits and earnings per share.

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