JFE Holdings (JP:5411) has released an update.
JFE Holdings has revised its financial forecasts for fiscal 2024, citing a decline in the steel business and reduced earnings from overseas operations. The company’s profit before tax is now expected to be 180 billion yen, down 34.5%, while the annual dividend per share has been adjusted to 100 yen, reflecting a cautious outlook for the future. Despite the downturn, JFE aims to maintain stable profit returns to shareholders.
For further insights into JP:5411 stock, check out TipRanks’ Stock Analysis page.
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