The operating loss was 2.84 billion yen against a profit of 375.75 billion yen a year earlier.
Revenue rose to 4.64 trillion yen from 4.38 trillion yen in the first half of the previous fiscal year.
Steel production in April-September amounted to 22.93 million tons compared to 19.93 million tons in the same period a year ago. Shipments of steel products fell to 15.47 million tons from 15.91 million tons.
Nippon Steel has revised its forecast for the current fiscal year and now expects to end it with a net loss of 60 billion yen (the previous forecast assumed a loss of 40 billion yen). Revenue is still projected at 10 trillion yen (+15% year-on-year).
The company expects adjusted operating profit to decline to 680 billion yen from 793.7 billion yen a year earlier. At the same time, the press release emphasized that United States Steel's results were excluded from the forecast for the current year due to a temporary deterioration in the company's cost situation due to equipment problems, high market uncertainty in the United States, and the fact that the U.
S. steel market turned out to be significantly weaker than expected. An American steel manufacturer. The total amount of the deal, announced at the end of 2023, was $14.9 billion.
On October 1, the company split shares in a ratio of 5 to 1.
Shares of Nippon Steel fell by 2.5% in trading on Wednesday.
