Chubu Steel Plate cuts profit forecast as costs and slow shipments weigh

Chubu Steel Plate makes thick steel plates for construction and machinery.

It has cut its forecast and now expects operating profit to decline in the year ending March 2027.

Shipments have been slower than expected, while high material costs and delayed price increases have squeezed profits.

This matters because it shows the company is having trouble turning orders into sales at a profit.