Tokyo Steel Manufacturing shares jump after guidance raised on strong demand

2023-07-24 - Scroll down for original article

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Tokyo Steel Manufacturing shares 5423, +21.38% rose sharply Monday morning after it posted strong first-quarter results and raised full-year profit guidance. The shares were recently 21% higher at the upper end of the day’s trading range of 1,703 yen. Tokyo Steel said Friday after market close that net profit climbed 30% from a year earlier to Y8.845 billion ($62.4 million) for the quarter ended June 30.