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Revision of earnings forecasts5411JFE Holdings,Inc.Iron & Steel, Nonferrous Metals

First Quarter Financial Results for the Fiscal Year Ending March 2027 [IFRS] (Consolidated)

The company disclosed its consolidated results for the first quarter of the fiscal year ending March 2027 and revised its full-year revenue forecast from ¥4.8 trillion to ¥4.85 trillion, an increase of ¥50 billion. The full-year forecasts for business profit, profit before tax, and profit attributable to owners of the parent were unchanged.

Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
500
Hundreds of millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 8 May
Net Sales48,000→48,500Hundreds of millions of yen
+1.0%
Profit attributable to owners of the parent1,500→1,500Hundreds of millions of yen
0.0%
Net income per share—→235.8yen and sen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

In the steel business, cost improvements contributed +¥2 billion, volumes and product mix +¥3 billion, spread -¥16 billion, inventory valuation differences and other items ±¥0 billion, and other factors +¥11 billion, resulting in a total of ±¥0 billion for the steel business. The engineering business, trading business, and adjustments also totaled ±¥0 billion.

Previous-period resultsRevenue: ¥4,539.2 billion; business profit: ¥135.3 billion; profit before tax: ¥87.4 billion; profit attributable to owners of the parent: ¥70.1 billion
Dividend forecast revisionThe annual dividend is ¥80, comprising an interim dividend of ¥40 and a year-end dividend of ¥40. The answer to whether there has been a revision from the latest published dividend forecast is "Yes", but the details before and after the change are Not disclosed.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales48,000 Hundreds of millions of yen → 48,500 Hundreds of millions of yen(+1.0%)
Profit attributable to owners of the parent1,500 Hundreds of millions of yen → 1,500 Hundreds of millions of yen(0.0%)
Net income per shareNot disclosed → 235.8 yen and sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast8 May
Previous-period resultsRevenue: ¥4,539.2 billion; business profit: ¥135.3 billion; profit before tax: ¥87.4 billion; profit attributable to owners of the parent: ¥70.1 billion
Reason for the revisionIn the steel business, cost improvements contributed +¥2 billion, volumes and product mix +¥3 billion, spread -¥16 billion, inventory valuation differences and other items ±¥0 billion, and other factors +¥11 billion, resulting in a total of ±¥0 billion for the steel business. The engineering business, trading business, and adjustments also totaled ±¥0 billion.
Dividend forecast revisionThe annual dividend is ¥80, comprising an interim dividend of ¥40 and a year-end dividend of ¥40. The answer to whether there has been a revision from the latest published dividend forecast is "Yes", but the details before and after the change are Not disclosed.
Consolidated / non-consolidatedConsolidated
Items this document does not state (3)
Operating profitOrdinary incomeDetails and amount of extraordinary loss

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The full-year profit outlook for the steel business includes profit-positive factors such as cost improvements from operational improvements and the effects of capital investment, improved volumes and product mix, and efforts to improve steel prices. However, it is also affected by higher costs due to the situation in the Middle East, weak steel market conditions, and higher prices for key raw materials. As a result, the overall outlook for the steel business is unchanged from the previous forecast. The outlooks for the engineering business, trading business, and adjustments are also unchanged from the previous forecast.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
First Quarter Financial Results for the Fiscal Year Ending March 2027 [IFRS] (Consolidated) | JFE Holdings,Inc. (5411) timely disclosure | Komori