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JFE Holdings, Apr-Dec (Cumulative 3Q) Net Income Decreases by 39%, Oct-Dec Net Income Decreases by 41%

Thu Feb 5, 2026 2:00 pm JST Earnings

5411 JFE Holdings,Inc. 【IFRS】

Earnings Report

JFE Holdings,Inc. <5411> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 5th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 39.2% from the same period last year to 60.8 billion yen. Progress toward the full-year plan of 75.0 billion yen was 81.2%, below the five-year average of 89.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a profit of 14.1 billion yen (compared to a loss of 8.23 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 34.2 billion yen, a 40.6% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 4.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 3,865,747 240,615 226,351 162,922 270.2 84.3 Feb 6, 2024 IFRS
Apr - Dec, 2024 3,675,470 157,245 141,729 100,101 157.4 98.2 Feb 6, 2025 IFRS
Apr - Dec, 2025 3,380,270 97,450 79,224 60,892 95.7 72.0 Feb 5, 2026 IFRS
YoY -8.0% -38.0% -44.1% -39.2% -39.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,408,866 95,280 84,352 49,382 77.6 50 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 2,367,351 ー 75,826 48,324 76.0 40 Nov 6, 2025 IFRS
YoY -1.7% － -10.1% -2.1% -2.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 5,174,632 287,003 268,386 197,421 323.3 100 May 7, 2024 IFRS
Mar, 2025 4,859,647 165,068 144,315 91,867 144.4 100 May 8, 2025 IFRS
Mar, 2026 Guidance 4,600,000 ー 110,000 75,000 117.9 80 Nov 6, 2025 IFRS
YoY -5.3% － -23.8% -18.4% -18.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,224,689 87,457 81,766 57,616 90.6 7.1 Feb 6, 2025 IFRS
Jan - Mar, 2025 1,184,177 7,823 2,586 -8,234 -13.0 0.7 May 8, 2025 IFRS
Apr - Jun, 2025 1,115,313 16,261 10,377 7,128 11.2 1.5 Aug 4, 2025 IFRS
Jul - Sep, 2025 1,117,336 29,504 23,797 19,548 30.7 2.6 Nov 6, 2025 IFRS
Oct - Dec, 2025 1,147,621 51,685 45,050 34,216 53.8 4.5 Feb 5, 2026 IFRS
YoY -6.3% -40.9% -44.9% -40.6% -40.6%

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