JFE Holdings lifts full-year forecast, adjusts bond price on strong interim results

JFE Holdings has significantly revised its fiscal year 2025 first-half (ending September 30, 2025) consolidated earnings forecast upward. Business profit reached JPY 45,765 million, exceeding the previous forecast by JPY 5,765 million. Profit attributable to owners of the parent also improved, reaching JPY 26,676 million, up JPY 11,676 million from the prior estimate. This positive performance was primarily driven by improved profitability in the steel business and better-than-expected execution in the engineering segment, despite a decline in the trading business.

Following these stronger results, JFE Holdings has also adjusted its full-year consolidated earnings forecast for fiscal year 2025, maintaining a business profit of JPY 140,000 million and profit attributable to owners of the parent at JPY 75,000 million. The company announced an interim dividend of JPY 40 per share.

As a direct consequence of the interim dividend payment, JFE Holdings has adjusted the conversion price of its Zero Coupon Convertible Bonds due 2028. Effective October 1, 2025, the conversion price will be JPY 2,697.7, down from the previous JPY 2,759.0. This adjustment aligns with the terms and conditions of the bonds regarding extraordinary dividends.