Tag: Japan: Tokyo steel profits declines amid operational challenges

Japan Metal Daily: Tokyo Steel reported a decline in its non-consolidated financial performance for the April-June quarter. Net sales dropped 8.6% y-o-y to JPY 93.9 million ($0.61 million), while operating income dropped 21.1% y-o-y to JPY 9.7 million ($0.06 million). Ordinary income and net income also fell by 20.9% and 25.8% y-o-y respectively compared to…