Topy Industries, Limited Revises Non-Consolidated Earnings Guidance for the Year Ending March 31, 2022
March 15, 2022 at 02:00 am EDT
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Topy Industries, Limited revised non-consolidated earnings guidance for the year ending March 31, 2022. For the period, the company expects non-consolidated net sales of ¥169,000 million against previous guidance of ¥161,000 million; The company now expects an operating loss of ¥2,700 million against operating profit of ¥200 million in previous guidance. The company now expects profit attributable to owners of the parent of ¥3,100 million or ¥133.04 basic per share against previous guidance of ¥1,200 million or ¥51.50 basic 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 
