Tokyo Steel Manufacturing Co. Ltd. expected to Report Fiscal Year 2010 Results on May 7, 2010. This event was calculated by Capital IQ (Created on December 28, 2009).

Tokyo Steel Manufacturing Co. Ltd. revised earnings results for the year ending March 2010. The company sees parent-only operating profit plummeting 90% to 5.5 billion ($58.8 million) for the year ending March 2010, undershooting its previous projection by 500 million. Sales are seen plunging 53% to 132.2 billion, 800 million short of its earlier target.

Tokyo Steel Manufacturing Co. Ltd. reported earnings results for the first quarter ended June 30, 2009. The company increased net profit from 328 million to JPY 2.3 billion for the quarter to June 30, 2009. Non-consolidated revenue was down 62% to JPY 26.5 billion. Operating loss improved from JPY 477 million to a profit of JPY 4.1 billion and ordinary profit rose from JPY 529 million to JPY 4.3 billion. Earnings per share rose from JPY 2.2 to JPY 15.3. The company reaffirms earnings outlook for the half year and full year of fiscal 2010. The company maintained a half-year net profit forecast of JPY 2 billion. Half-year revenue forecast is unchanged at JPY 54.9 billion. For the full year the company expects an unchanged net profit of JPY 1.5 billion on revenue of JPY 132.2 billion to March 31, 2010.