Kobe Steel's Q1 profit up 60.7%, beats analysts' forecasts

Kobe Steel

07/08/2025 05:14

TOKYO, Aug 7 (Reuters) - Kobe Steel 5406.T, Japan's third largest steelmaker, reported on Thursday a net profit of 38.64 billion yen ($262 million) for the three months ended June 30, up 60.7% from a year earlier and beating analysts' forecasts.

An LSEG poll of analysts had expected a quarterly net profit of 31.92 billion yen. In the same period last year, the company recorded a profit of 24.04 billion yen.

Kobe Steel maintained its annual profit forecast at 100 billion yen for the year ending next March, above LSEG analysts' estimates of 96.30 billion yen.

($1 = 147.5100 yen)

 (Reporting by Yuka Obayashi; Editing by Muralikumar Anantharaman)

 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))