JFE Holdings Sees Drop in Q1 Profits Amid Revenue Decline

JFE Holdings, Inc. announced a significant drop in its first-quarter profits, reporting 7.1 billion yen compared to 27.5 billion yen during the same period last year. The company's earnings per share decreased to 10.82 yen from 41.40 yen, while total revenue declined by 7.9% to 1.11 trillion yen. Looking ahead, JFE projects a profit of 15.00 billion yen and revenue of 2.33 trillion yen for the first half of the fiscal year. For the full fiscal year 2025, the company forecasts earnings of 75.00 billion yen and revenue reaching 4.75 trillion yen. For more financial updates, earnings calendars, and stock reports, visit rttnews.com. Feedback and inquiries can be directed to [email protected].