Japan Steel Works falls on profit forecast cut

Japan Steel Works

22/03/2018 24:36

** Shares of industrial machinery firm Japan Steel Works Ltd
 5631.T  fall 4.0 pct to 2-week low of 3,335 yen
    ** Company slashes net profit outlook to 10 bln yen ($94.6
mln) from 13.5 bln yen for FY ending March 2018  urn:newsml:reuters.com:*:nXB0P4MRDC
    ** Stock outperformed the Tokyo SE TOPIX Machinery Stock
Price Index sector  .IMCHN.T  by 7.6 pct points in the past one
month
    ** Main stock index Nikkei 225  .N225  fell 3.11 pct in the
past month
    ** As of 0030 GMT, about 257,600 shares have been traded,
compared with their 30-day moving average of 521,070 shares a
day
($1 = 105.6800 yen)

 ((Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net))