NIPPON STEEL (JP:5401) has released an update.
NIPPON STEEL CORPORATION has updated its non-consolidated financial forecast for fiscal 2024, maintaining net sales at 4.8 trillion yen while doubling its profit expectations from 50 billion to 100 billion yen, a change attributed to improved margins and inventory valuation impacts. The earnings per share forecast has also been revised upward from 54.00 yen to 100.00 yen. This optimistic revision comes despite a downturn from the previous fiscal year’s performance.
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