Kobe Steel Ltd (5406.T)
7 Dec 2018
TOKYO Japanese steelmakers JFE Holdings and Kobe Steel cut their annual profit forecasts on Tuesday due to technical glitches at their plants and higher costs of electricity, distribution and subsidiary materials.
* JFE trims annual profit estimate by 10 bln yen to 250 bln yen
TOKYO, Aug 2 Japan's Nikkei share average on Thursday pulled back from the previous day's near two-week highs, as Chinese stocks fell sharply after an escalation in the Sino-U.S. trade war soured sentiment.
TOKYO Kobe Steel Ltd on Wednesday reported a 55 percent drop in recurring profit for the April to June quarter as glitches at some plants disrupted steel output, but raised its annual sales estimate on stronger Chinese demand for construction machinery.