Nippon Steel expects lower profit despite structural reforms
Nippon Steel Corporation (TSE: 5401) announced its fiscal year 2024 results and provided an outlook for fiscal year 2025, highlighting a challenging business environment. For fiscal 2024, the company reported consolidated revenue of JPY8,695.5 billion, a business profit of JPY683.2 billion, and profit attributable to owners of the parent of JPY350.2 billion, down from the previous year. The Board will propose a year-end dividend of JPY80 per share, resulting in an annual dividend of JPY160 per share. However, it also announced JPY118.4 billion in extraordinary losses due to the shutdown of upstream facilities, a steel plate mill and a large shape mill in its East Nippon Works Kashima Area.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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