NIPPON STEEL (JP:5401) has released an update.
NIPPON STEEL CORPORATION reported a slight decrease in revenue and profits in the first quarter of Fiscal 2024, with a 0.4% drop in revenue and a more significant decline of 11.4% in profit compared to the same quarter of the previous year. Despite the dip in performance, the company has maintained a stable financial position with total assets increasing from the previous fiscal year. The forecast for the fiscal year suggests a conservative outlook, with expected decreases in revenue and profits but no revisions to the dividend forecasts.
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