January 31, 2017
Company Name: JFE Holdings, Inc. (Code: 5411) Representative: Eiji Hayashida, President and CEO
Contact: Moriyoshi Hara, Manager, Public Relations Section
Investor Relations and Corporate Communications Department Tel: +81-3-3597-3842
To whom it may concern:
Notice of Revisions of Financial Results Forecasts for Fiscal Year 2016JFE Holdings, Inc. hereby announces that based on recent business developments it has revised its consolidated forecast of financial results announced on October 28, 2016.
■Revised consolidated financial results forecasts
Forecasts for fiscal 2016 (April 1, 2016 to March 31, 2017)
Net sales (million yen) | Operating income (million yen) | Ordinary income (million yen) | Profit attributable to owners of parent (million yen) | Net income per share (yen) | |
Previous forecasts (A) | 3,290,000 | 50,000 | 30,000 | 15,000 | 26.01 |
New forecasts (B) | 3,320,000 | 80,000 | 70,000 | 50,000 | 86.70 |
Amount of change (B-A) | 30,000 | 30,000 | 40,000 | 35,000 | |
Change (%) | 0.9 | 60.0 | 133.3 | 233.3 | |
Reference: Results in FY 2015 | 3,431,740 | 90,638 | 64,239 | 33,657 | 58.36 |
■Reasons for revisions
Earnings now are forecast to exceed previous forecasts thanks to favorable factors such as the stronger yen and unrealized gains on inventories, mainly in steel business.
JFE Holdings Inc. published this content on 31 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2017 06:09:14 UTC.
Original documenthttp://www.jfe-holdings.co.jp/en/investor/zaimu/g-data/29/January2017-170131-release01.pdf
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