JFE Holdings cut its consolidated net income forecast for the current fiscal year from the previous forecast of ¥150.0 billion to ¥130.0 billion. First-half results showed a ¥22.5 billion increase in profit, and second-half net income is calculated to be approximately ¥76.2 billion.
JFE Holdings announced its results on the afternoon of 6 November, reporting consolidated net income of ¥53.7 billion for the six months ended September 2026, double the figure for the same period of the previous year.
At the same time, it cut its full-year net income forecast by 13.3%, from the previous forecast of ¥150.0 billion to ¥130.0 billion. The projected increase in net income was consequently reduced from 2.1 times to 85.3%.
Based on first-half results and its plans for the remainder of the year, consolidated net income for the second half is calculated to increase 75.2% year on year to ¥76.2 billion.
In the latest three-month period, consolidated net income for July–September rose to ¥22.5 billion.