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Japan's Food Inflation Is Becoming Harder for BOJ to Overlook
Nippon Steel, operating profit for the third quarter decreased by 8.5% to 566.1 billion yen.
Nippon Steel <5401> announced its third quarter results for the fiscal year ending March 2025, reporting revenue of 6 trillion 552.4 billion 98 million yen, a 1.3% decrease compared to the same period last year, and an operating profit of 566.1 billion 25 million yen, an 8.5% decrease. For the fiscal year ending March 2025, revenue is planned to be 8 trillion 600 billion yen, a 3% decrease from the previous period. Additionally, the company announced the dissolution of its mutual investment relationship with Kobe Steel <5406>, which has continued since 2002, while business collaborations will continue. A review of the relationship of group companies and policy measures is underway.
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Nippn: Summary of Financial Results for the 3rd Quarter Ending March 31, 2025 [Japanese GAAP] (Consolidated)
Nippn: Nippun Co., Ltd. Results for the 3rd Quarter Consolidated Cumulative Period and Full Year Consolidated Earnings Forecast