Japan's JFE Holdings 9-month profit down 39% on weak steel market
05/02/2026 05:50
TOKYO, Feb 5 (Reuters) - JFE Holdings 5411.T, parent of Japan's second-biggest steel maker, on Thursday posted a 39% drop in net profit for the nine months to December on deteriorating domestic and overseas steel market conditions. JFE Holdings posted a 60.9 billion yen ($388.24 million) in net profit for the period, down from 100.1 billion yen a year earlier, but kept its forecast for the full year through March unchanged at 75 billion yen. "The business environment surrounding our company remains severe," JFE Holdings said in its results presentation, citing sluggish steel market due to China's overproduction and protectionist policies in the United States. ($1 = 156.8600 yen) (Reporting by Katya Golubkova; Editing by Himani Sarkar) ((jekaterina.golubkova@thomsonreuters.com;))
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