JFE Holdings Reports Downturn in Q1, Raises Dividend

JFE Holdings (JP:5411) has released an update.

JFE Holdings, Inc. has reported a decrease in revenue and profits in the first quarter of FY 2024, with significant year-on-year declines in business profit and profit attributable to owners of the parent. Despite the downturn, the company has revised its dividend forecast upward for the fiscal year. Looking ahead, JFE Holdings predicts a slight increase in annual revenue but anticipates reduced business profits and earnings per share for the first half of FY 2024.

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