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5411 JFE Holdings News Story

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Brief: JFE Holdings - Targets Consolidated Business Profit Of 700 Billion Yen By FY2035

May 8 (Reuters) - JFE Holdings Inc 5411.T:

TARGETS CONSOLIDATED BUSINESS PROFIT OF 700 BILLION YEN BY FY2035

EXPECT STEEL BUSINESS ENVIRONMENT TO REMAIN CHALLENGING DUE TO DECLINING DEMAND IN JAPAN, CHINA'S INCREASING EXPORTS

WE WILL FURTHER INCREASE OUR INVOLVEMENT WITH OVERSEAS MARKETS THROUGH STRATEGIC LOCAL PARTNERSHIPS WITH TOP-TIER COMPANIES

IN OUR MEDIUM-TERM PLAN, WE HAVE SET ASIDE 400 BILLION YEN FOR INVESTMENT IN GROWTH OVERSEAS

Further company coverage: 5411.T

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