Topy Industries, Limited Revises Consolidated Earnings Guidance for the Year Ending March 31, 2024
March 28, 2024 at 09:30 pm EDT
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Topy Industries, Limited revised consolidated earnings guidance for the year ending March 31, 2024. For the period, the company expects consolidated net sales of JPY 336,000 million against previous guidance of JPY 343,00 million; The company now expects an operating profit of JPY 9,300 million against operating profit of JPY 10,000 million in previous guidance. The company now expects profit attributable to owners of the parent of JPY 5,300 million against JPY 7,500 million in previous guidance or JPY 232.19 profit per share against previous guidance of JPY 328.56 profit per share.
TOPY INDUSTRIES, LIMITED is an automobile and industrial machinery parts manufacturing company. The Company operates in three segments. The Steel segment is engaged in the manufacture of steel products by using electrical furnace, and the production and sale of rolled steel products including wide flange beams, standard shaped steel and deformed bars. The Automobile and Industrial Machinery Parts segment is engaged in the provision of automotive steel wheels, aluminum wheels, steel wheels for construction machinery, stamping products for automotive, industrial fasteners and industrial machine parts including undercarriage components of power shovels and bulldozers, and cutting edge of motor graders. The Power Generation segment is engaged in the power generation business and the wholesale of power. The Company is also engaged in the provision of sign systems, synthetic mica and crawler robots, civil engineer and construction business, the leasing of real estates and others.
TOPY INDUSTRIES, LIMITED 
