JFE Holdings, Inc.
JFE Group Investors Meeting February 5, 2026
Operating income for the cumulative third quarter of fiscal 2025 was 97.4 billion yen (down 23.3 billion yen Year-over-Year), with an annual dividend forecast of 80 yen. The annual operating income outlook is 140 billion yen (170 billion yen excluding inventory valuation differences).
Key Figures
- Operating Income (Cumulative 3Q FY2025): 97.4 billion yen (Down 23.3 billion yen Year-over-Year)
- Annual Dividend: 80 yen (As previously announced)
- Revenue (Cumulative 3Q FY2025): 3,380.2 billion yen (Down 295.2 billion yen Year-over-Year)
AI要約
Performance Overview
Operating income for the cumulative third quarter of fiscal 2025 was 97.4 billion yen (143.4 billion yen excluding inventory valuation differences), representing a decrease of 23.3 billion yen Year-over-Year. Segment income was 79.2 billion yen (125.2 billion yen excluding inventory valuation differences), down 26.0 billion yen. Revenue was 3,380.2 billion yen, a decrease of 295.2 billion yen. The full-year outlook projects operating income of 140 billion yen (170 billion yen excluding inventory valuation differences) and segment income of 110 billion yen. The assumed exchange rate is approximately 150 yen/USD, and the standalone crude steel production volume is projected around 21.5 million tons.
Business Environment and Dividend Outlook
Steel market conditions remain sluggish due to overcapacity in China and protectionist policies. Steel costs have surged sharply due to yen depreciation and a significant rise in spot prices for coking coal caused by Australian cyclones. The annual dividend is expected to be 80 yen as per the 8th Medium-Term Management Plan policy. Domestic and overseas steel demand continues to decline, influenced by rising construction costs and labor shortages. Overseas, especially in Asia, a challenging supply-demand environment persists.
