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大同特鋼---大幅続伸、第1四半期収益回復を確認で見直しの動き強まる

Datong Special Steel - significant increase and strong movement in the review confirmed the first quarter revenue recovery.

Fisco Japan ·  Jul 30 12:09


Datong Special Steel <5471> continued to rise significantly. The earnings report for the first quarter was released yesterday, with operating profit of 10.1 billion yen, a 15.2% increase from the same period last year. The progress rate toward the half-year plan of 22 billion yen is 45.8%, but considering the liquidation expenses of the Chinese subsidiary of 2 billion yen, it can be seen as over-performing as planned. While the stock price had been languishing since the previous earnings report, the strong confirmation of earnings recovery is leading to a reconsideration. It appears that the first quarter was buoyed by robust sales of stainless steel for HDD.

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