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JFE Holdings Reports Decline in First Half Profits
November 7th [Today's Investment Strategy]
[Selected Stocks by FISCO] [Material Stocks] Maiko <6787> 5600 yen (11/6) is engaged in printed circuit boards. The financial estimates for the fiscal year ending in March 25 have been revised upwards. Operating profit is expected to be 19 billion yen (an increase of 62.9% compared to the previous year). It has been raised by about 18% from the previous estimate. The sales of high value-added build-up boards have expanded significantly, in addition to productivity improvements, cost reductions, and the impact of exchange rates, leading to an upward revision. The year-end dividend is set at 40 yen. The previous estimate was 36 yen, the year-end dividend for the previous period.
Keep an eye on Meiko, Coca BJH, JFE, and Osaka Titanium for subdued performance.
In the US stock market on the 6th, the NY Dow Jones Industrial Average closed at 43,729.93, up 1,508.05 points, while the Nasdaq Composite Index rose 544.29 points to 18,983.46. In Chicago, the Nikkei 225 futures on the Osaka Stock Exchange rose 335 yen compared to the daytime session in Tokyo, closing at 40,035 yen. The exchange rate was 1 dollar = 154.50-60 yen. In today's Tokyo market, Omron <6645> showed a decrease in the operating profit decline rate, shrinking from a 6.9% reduction in the first half to 56.2% in the first quarter, while Daikin <6367> revised upwards its financial estimates for the fiscal year ending in March 2025.
JFE, downward revision on 25/3, operating profit of 160 billion yen ← 260 billion yen
JFE <5411> announced a revision to the financial estimates for the fiscal year ending March 2025. The sales revenue was revised downward from 5 trillion 240 billion yen to 4 trillion 970 billion yen, and the operating profit was revised downward from 260 billion yen to 160 billion yen. In the iron & steel business, further demand deceleration is expected due to rising construction costs and labor shortages in the domestic building materials sector, as well as stagnation in demand for steel for Asia-bound automobiles, with the standalone crude steel production volume expected to be around 22.4 million tons, which is 0.6 million tons lower than the previous forecast. [Positive Evaluation] <9001>
Express News | Jfe Holdings Executive: We Are Also Considering Various Ways to Collaborate Further With Jsw
Express News | Jfe Holdings Executive: As a Shareholder of India’s Jsw, We Welcome Jsw’s Growth and Business Expansion Through Their Alliance With South Korea’s Posco
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