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JFE Holdings (5411) investor relations material
JFE Holdings Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
First quarter FY2026 business profit reached ¥32.3 billion, up 98.7% year-over-year; profit attributable to owners of parent was ¥31.2 billion, up 338.1% year-over-year.
Revenue for 1Q FY2026 rose to ¥1,161.2 billion, a 4.1% increase year-over-year.
Comprehensive income rebounded to ¥46.1 billion from a loss of ¥26.3 billion in 1Q FY2025.
Full-year business profit and profit attributable to owners of parent are forecast to remain in line with previous guidance, supported by steel price increases and Indian operations.
Annual dividend projected at ¥80 per share, with an interim dividend of ¥40, maintaining a payout ratio of around 30%.
Financial highlights
1Q FY2026 revenue was ¥1,161.1 billion, up ¥45.8 billion year-over-year.
Business profit for 1Q was ¥32.3 billion (up ¥16.1 billion YoY); segment profit was ¥25.9 billion (up ¥15.6 billion YoY).
Operating profit reached ¥47.4 billion, up from ¥16.3 billion in the prior year.
Exceptional items included a ¥15.0 billion gain on land sales.
Total assets increased to ¥6,185.9 billion from ¥5,895.2 billion at the end of FY2025.
Outlook and guidance
FY2026 revenue forecast is ¥4,850.0 billion, up 6.8% year-over-year.
Business profit projected at ¥215.0 billion (+58.8%), profit before tax at ¥190.0 billion (+117.3%), and profit attributable to owners of parent at ¥150.0 billion (+113.8%).
Full-year basic EPS forecast at ¥235.80.
ROE for FY2026 is expected to be around 6%.
Standalone crude steel production for FY2026 is projected at approximately 21.50 million tonnes.
- FY2026 profit is set to rebound on cost controls, price hikes, and overseas expansion.5411
H2 2026 - Profits and revenue fell year-over-year, but India JV targets future overseas growth.5411
Q3 2026 - Profits and revenue declined in 1H FY2025, but dividends and investment plans are maintained.5411
H1 2026 - Profits and revenue dropped in 1Q FY2025, but full-year outlook and dividend are maintained.5411
Q1 2026 - Profit and revenue dropped in 1Q FY2024, but a 2H recovery and higher dividend are expected.5411
Q1 2025 - Profit and outlook drop sharply as steel demand weakens; Blackwater coal stake acquired.5411
H1 2025 - Profit and revenue dropped sharply, with a cautious outlook for FY2025.5411
H2 2025 - FY2024 profit and revenue forecasts cut sharply, but dividend held at ¥100.5411
Q3 2025
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Next JFE Holdings earnings date
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