Maruichi Steel Tube Ltd. provided consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months, the company expects net sales of JPY 137,000 million, operating profit of JPY 17,400 million, profit attributable to owners of parent of JPY 12,800 million and basic earnings per share of JPY 160.76.

For the full year, the company expects net sales of JPY 273,500 million, operating profit of JPY 30,500 million, profit attributable to owners of parent of JPY 22,500 million and basic earnings per share of JPY 282.58.