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FX Daily Updates
Japan's Nippon Steel revises down full-year net profit forecast
georgemiller
Publish Date: Thu, 07 Nov 2024, 06:44 AM

TOKYO, Nov 7 (Reuters) - Nippon Steel (5401.T) , opens new tab, 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.
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% from the same period a year earlier.
($1 = 154.0800 yen)
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https://www.reuters.com/markets/commodities/japans-nippon-steel-revises-down-full-year-net-profit-forecast-2024-11-07/