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Shofu: Confirmation letter
Shofu: Semi-Annual Report - Term 153 (2024/04/01 - 2025/03/31)
JFE revises down to 160 billion yen from 260 billion yen for the third quarter.
JFE <5411> announced a revision to the financial estimates for the fiscal year ending March 2025. The sales revenue was revised downward from 5 trillion 240 billion yen to 4 trillion 970 billion yen, and the operating profit was revised downward from 260 billion yen to 160 billion yen. In the iron & steel business, due to the rise in construction costs in the domestic building materials sector and labor shortages, further demand deceleration is expected, as well as stagnation in demand for Asia-bound steel for automobiles, resulting in a standalone crude steel production volume of around 22.4 million tons, which is 0.6 million tons lower than the previous outlook. [Positive Rating] <9001>
Shofu Inc 1H Net Y2.36B Vs Net Y1.56B
Shofu: Reference materials for the financial results announcement for the 2nd quarter of the fiscal year ending March 31, 2025
Shofu: Summary of financial results for the 2nd quarter (interim period) of the fiscal year ending 2025/3 [Japanese GAAP] (consolidated)
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