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NIPPON STEEL ( (JP:5401) ) has shared an announcement.
Nippon Steel Corporation reported its consolidated financial results for fiscal 2024, showing a decline in revenue by 1.9% compared to the previous year. Despite the revenue drop, the company achieved a significant increase in profit attributable to owners of the parent by 36.2%, indicating improved operational efficiency. The company also announced its financial forecasts for fiscal 2025, expecting a decrease in business profit and total equity attributable to owners of the parent. The impact of a significant transaction with U.S. Steel is not included in the current forecast, which may affect future financial results.
More about NIPPON STEEL
Nippon Steel Corporation is a leading player in the steel industry, primarily engaged in the production and sale of steel products. The company is listed on multiple stock exchanges in Japan, including Tokyo, Nagoya, Fukuoka, and Sapporo, and focuses on delivering high-quality steel solutions to various sectors.
Average Trading Volume: 4,219,070
Technical Sentiment Signal: Hold
Current Market Cap: Yen3140.7B
See more insights into 5401 stock on TipRanks’ Stock Analysis page.
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