Japan's JFE Holdings Q1 profit down 74%, misses forecasts
04/08/2025 06:07
TOKYO, Aug 4 (Reuters) - JFE Holdings 5411.T, parent of Japan's second-biggest steel maker, on Monday posted 7.1 billion yen ($48.08 million) in net profit for three months ended on June 30, down 74% from a year earlier and missing analysts' forecasts. An LSEG poll of analysts had expected JFE Holdings to report 16.1 billion yen in quarterly net profit. In the same period of last year, the company recorded 27.5 billion yen in profit. JFE Holdings kept its profit forecast for the year ending next March unchanged at 75 billion yen. ($1 = 147.6700 yen) (Reporting by Katya Golubkova; Editing by Kim Coghill) ((jekaterina.golubkova@thomsonreuters.com;))
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