Japan’s JFE Holdings increased net profit attributable to owners of the parent by 101.7% year on year to JPY 53.80 billion ($336.7 million) in April–September 2026. Revenue rose 7.5% to JPY 2.40 trillion ($15.02 billion), while operating profit nearly doubled to JPY 86.53 billion from JPY 45.77 billion a year earlier.
Net profit in the steel segment reached JPY 15.83 billion, compared with a loss of JPY 5.35 billion in the same period of the previous fiscal year. Revenue from external customers in the segment rose 2.1% to JPY 1.40 trillion ($8.76 billion).
Results were affected by worsening conditions in domestic and overseas steel markets, higher raw material prices and increased costs related to the situation in the Middle East. Cost reductions, a larger share of high-value-added products and inventory valuation effects supported performance. Heavy rain and typhoons also disrupted operations in the Chiba district.
JFE Steel’s consolidated crude steel output fell 4.6% to 10.90 million mt from 11.42 million mt a year earlier. For the fiscal year ending March 31, 2027, JFE Holdings forecasts revenue of JPY 4.90 trillion and net profit of JPY 130 billion. Its forecast for full-year steel segment profit was cut from JPY 100 billion to JPY 80 billion. JFE Steel expects non-consolidated crude steel output of 20.80 million mt, compared with 21.37 million mt in the previous fiscal year.
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