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

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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.

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Category: EconomyBusiness

Markets: SingaporeJapanUnited States

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-11-07 @ 14:44:12 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

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