2 stories mentioning TYO:5423
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Tokyo Steel Manufacturing (TYO:5423) has an average rating of hold and mean price target of 1,695 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Roughly 70% of Japanese companies reported higher profit for the fiscal year ended March, led by demand tied to AI, Nikkei reported Friday.Chip-related firms drove gains, with Advantest (TYO:6857) and Disco (TYO:6146) posting record earnings, while Hitachi (TYO:6501) benefited from data center demand. Factory automation and electronics groups including Fanuc (TYO:6954), Keyence (TYO:6861) and TDK (TYO:6762) also gained, the report said.Aggregate net profit rose 8% to 12.3 trillion yen, keeping Japan on track for a fifth straight annual record if trends hold, according to the report.Weakness persisted in some sectors, with Komatsu (TYO:6301) and Tokyo Steel Manufacturing (TYO:5423) hit by tariffs, China-driven price pressure and rising energy costs, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)