Despite the increasingly severe and challenging crisis situation, Consolidated BP for H1 FY2024 is ¥375.7bn, exceed previous forecast (+ 35.7¥bn, of which underlying BP base, +11.9¥bn), Underlying BP for FY2024(f) is expected to be maintained previous forecast, ¥780.0 bn

Due to an increase in inventory valuation losses from falling raw material prices, FY2024(f) Net profit is expected to be ¥310.0 bn, a downward revision of ¥30.0 bn from previous guidance

Dividend forecast for FY2024 is maintained ¥160 per share.
Consolidated BP for 1H FY2024: Exceeding the previous forecast despite the increasingly severe and challenging crisis situation with no recovery in domestic and overseas demand and overseas commodity steel spreads.

Underlying BP forecast for FY2024: Maintaining the previously announced¥780 billion.

Revised consolidated BP forecast for FY2024: ¥30 billion decrease to ¥670 billion due to inventory valuation loss from raw material price decline.
Due to an increase in inventory valuation losses from falling raw material prices, FY2024(f) Net profit is expected to be ¥310.0 bn, a downward revision of ¥30.0 bn from previous guidance.