Latest news with #JFEHoldings
Business Insider
3 days ago
- Business
- Business Insider
Nomura Sticks to Its Hold Rating for JFE Holdings (JFEEF)
Nomura analyst Yuji Matsumoto maintained a Hold rating on JFE Holdings (JFEEF – Research Report) yesterday and set a price target of Yen1,800.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Matsumoto is a 3-star analyst with an average return of 3.7% and a 52.63% success rate. Matsumoto covers the Basic Materials sector, focusing on stocks such as JFE Holdings, Mitsubishi Materials, and NIPPON STEEL. Currently, the analyst consensus on JFE Holdings is a Hold with an average price target of $12.50.
Japan Times
13-05-2025
- Business
- Japan Times
Three major Japan steelmakers say they expect profit falls in fiscal 2025
Japan's three major steelmakers forecast that their consolidated net profits will decline in fiscal 2025, which will end next March, according to the companies' earnings reports released by Monday. Nippon Steel and JFE Holdings expect to see product prices fall because of the yen's appreciation as well as a market deterioration caused by overproduction in China. They also assume that their earnings will be negatively impacted by tariff measures introduced by U.S. President Donald Trump's administration. Kobe Steel projects a profit fall in its electricity business. Overall net profit is expected to go down 42.9% from the previous year to ¥200 billion at Nippon Steel, 18.4% to ¥75 billion at JFE and 16.8% to ¥100 billion at Kobe Steel. Stay updated on the trade wars. Quality journalism is more crucial than ever. Help us get the story right. For a limited time, we're offering a discounted subscription plan. Unlimited access US$30 US$18 /mo FOREVER subscribe NOW Assuming that demand for steel materials will diminish as a consequence of a decline in automobile sales caused by Trump's tariff measures, Nippon Steel estimates the U.S. policy's negative impact on its business profit at tens of billions of yen and JFE at ¥12 billion. "The tariffs came on top of the (overproduction) problem of China. The Japanese steel industry is in a very tough situation," Nippon Steel President Tadashi Imai said, noting that it is difficult to make quantitative predictions. Kobe Steel plans to reflect the impact of the tariffs in its earnings forecasts when the outlook becomes clearer. In fiscal 2024, which ended in March this year, Nippon Steel and JFE posted declines in their consolidated sales and significant drops in their net profits, while Kobe Steel saw its consolidated sales and net profit climb partly thanks to its robust construction machinery business.
Reuters
10-04-2025
- Business
- Reuters
JFE to spend $2.26 bln to build large electric arc furnace in Japan
TOKYO, April 10 (Reuters) - JFE Steel, Japan's No. 2 steelmaker and a unit of JFE Holdings (5411.T), opens new tab, said on Thursday it will invest 329.4 billion yen ($2.26 billion) to build a large, advanced electric arc furnace (EAF) at its Kurashiki plant in western Japan. The move is part of efforts to reduce carbon dioxide (CO2) emissions and follows the government's approval on Wednesday for up to 104.5 billion yen in support for the project. Steelmaking, one of the most CO2-intensive industries, faces growing pressure to curb emissions to combat climate change. The new EAF, with an annual production capacity of about 2 million metric tons, is expected to begin operations in the April-June quarter of 2028. In 2023, JFE's top executive said the company was considering replacing the No.2 blast furnace at Kurashiki with a high-grade steel-producing EAF around 2027, when the unit is due for refurbishment. ($1 = 145.8600 yen)
