NIPPON STEEL (JP:5401) has released an update.
NIPPON STEEL reports consolidated revenue of ¥2,191.5 billion and profits of ¥157.5 billion for Q1 FY2024, with forecasts for the first half reaching ¥4,400.0 billion in revenue. The company also projects a significant business profit of ¥700.0 billion for the full fiscal year, aiming for a ¥900 billion underlying business profit by fiscal 2025 through restructuring and expansion, especially with the acquisition of United States Steel Corporation.
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