Japan's Nippon Steel revises down full-year net profit forecast

Quick Summary:

TOKYO : Nippon Steel, Japan's biggest steel maker, revised on Thursday its full-year net profit forecast for the fiscal year ending in March to 310 billion yen ($2 billion) from a previously expected 340 billion yen.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.

Nippon Steel, also the world's fourth-biggest steel maker, also said its net profit for the six months was at 243.4 billion yen, down 19 per cent from the same period a year earlier.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeJapanUnited States

Topics: Maker Mediacorp 2024 Experience Steel Japan Nippon Profit Billion Tokyo Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 14:44:12 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 142 words

Reading Time: 1 minutes read

Sentences: 13 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23458229

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 36 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions