Tokyo Steel Corrects FY2026 Non-Consolidated Results After Valuation Error
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Tokyo Steel Manufacturing Co. has corrected its non-consolidated financial results for FY2026 due to errors in fair value measurement of investment securities. Adjustments include total assets rising to ¥292,995 million and net assets to ¥222,089 million, with a revised ordinary profit-to-total-assets ratio of 2.9%. Basic earnings per share remain at ¥112.56. The company emphasizes the importance of accurate financial reporting. The latest analyst rating for the stock (JP:5423) is a Hold with a price target of ¥1450.00.
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