JFE Holdings' Financial Results in First Half of Fiscal Year 2017 Ending March 31, 2018

- All financial information has been prepared in accordance with generally accepted accounting principles in Japan - (Note: The following is an English translation of an original Japanese document)

November 1, 2017

Official name: JFE Holdings, Inc.

Listings: Tokyo and Nagoya stock exchanges

Code: 5411

English URL: www.jfe-holdings.co.jp/en

Representative: Eiji Hayashida, President and CEO

Contact: Hidetsugu Tawara, Manager, Public Relations Section, Investor Relations and Corporate Communications Department

Phone: +81-3-3597-3842

Scheduled date to submit Quarterly Securities Report: November 7, 2017 Scheduled date to start paying dividends: November 30, 2017 Preparation of supplementary materials for quarterly results: Yes

Quarterly results briefing: Yes

(Figures are rounded down to the nearest million yen.)

  1. Consolidated Results in First Half of Fiscal 2017 (April 1 to September 30, 2017)
  2. Consolidated Operating Results (cumulative total)

    Net sales

    (million yen)

    Year-on- year change

    (%)

    Operating profit (loss)

    (million yen)

    Year-on- year change

    (%)

    Ordinary profit (loss)

    (million yen)

    Year-on- year change

    (%)

    Profit (loss) attributable to owners of parent

    (million yen)

    Year-on- year change

    (%)

    Net income (loss)

    per share

    (yen)

    Net income per share

    [fully diluted]

    (yen)

    1H FY 2017

    1,725,305

    15.1

    96,556

    -

    101,464

    -

    87,038

    -

    150.95

    -

    1H FY 2016

    1,499,588

    (12.5)

    4,050

    (91.8)

    (10,125)

    -

    (8,417)

    -

    (14.60)

    -

    Note: Comprehensive income: 75,652 million yen in 1H FY 2017 (-)

    (65,081 million yen) in 1H FY 2016 (-)

  3. Consolidated Financial Position

  4. Total assets

    (million yen)

    Net assets

    (million yen)

    Equity capital ratio

    (%)

    End 1H FY 2017

    4,343,233

    1,978,825

    44.2

    End FY 2016

    4,336,069

    1,921,809

    43.0

    Note: Shareholders' equity: 1,921,095 million yen as of September 30, 2017

    1,865,836 million yen as of March 31, 2017

  5. Dividends

    Dividend per share (yen)

    Interim

    Year-end

    FY 2016

    30.00

    0.00

    30.00

    FY 2017 (estimate)

    -

    30.00

    -

    Note: Revisions to dividend forecast announced most recently: No

    The year-end dividend and the total dividend are not yet determined.

  6. Forecasts of Consolidated Financial Results in Fiscal 2017 (April 1, 2017 to March 31, 2018)
  7. Net sales

    (million yen)

    Year-on- year change

    (%)

    Operating profit

    (million yen)

    Year-on- year change

    (%)

    Ordinary profit

    (million yen)

    Year-on- year change

    (%)

    Profit attributable to owners of parent

    (million yen)

    Year-on- year change

    (%)

    Net income (loss)

    per share

    (yen)

    FY 2017

    3,650,000

    10.3

    210,000

    117.1

    200,000

    136.0

    150,000

    120.8

    260.15

    Note: Revisions to consolidated financial results forecasts announced most recently: Yes

    Notes
    1. Significant changes in subsidiaries during the term (changes in designated subsidiaries resulting in changes in consolidated structure): No

    2. Application of special accounting methods in the preparation of quarterly consolidated financial statements: No

    3. Changes in accounting policies, accounting estimates and restatements

    4. Changes in the accounting policies resulting from amendments to accounting standards: No

    5. Changes other than 1) above: Yes

    6. Changes in accounting estimates: Yes

    7. Restatements: No

      Note: For more details, see "Changes in Accounting Estimates" and "Change in Accounting Policies Difficult to Distinguish from Changes in Accounting Estimates" on page 6 of the attached document.

    8. Number of outstanding shares (common stock)

    9. Outstanding shares at the end of term (including treasury stock) As of September 30, 2017: 614,438,399 shares

      As of March 31, 2017: 614,438,399 shares

    10. Treasury stock at the end of term

      As of September 30, 2017: 37,854,565 shares

      As of March 31, 2017: 37,829,548 shares

    11. Average number of shares during the term (quarterly consolidated cumulative period) 1H FY 2017: 576,597,569 shares

    12. 1H FY 2016: 576,716,832 shares

      This document is not subject to quarterly review procedures. Explanation of Appropriate Use of Results Forecasts, and Other Matters of Note
      1. Forecasts are based on information available on the date of publication of this document as well as rational assumptions that we have made regarding certain factors.

      2. Notes to the financial results can be viewed at the JFE Holdings website.

      3. Attachments
        1. Consolidated Financial Statements and Notes 2

        2. Consolidated Balance Sheets 2

        3. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 4

          Consolidated Statements of Income (First Half) 4

          Consolidated Statements of Comprehensive Income (First Half) 5

        4. Notes to Consolidated Financial Statements 6

          Notes Pertaining to the Presumption of a Going Concern 6

          Notes In Case of Significant Changes to Shareholders' Equity 6

          Changes in Accounting Estimates 6

          Change in Accounting Policies Difficult to Distinguish from Changes in Accounting Estimates 6

        5. Reference 7

        6. 1. Consolidated Financial Statements and Notes (1) Consolidated Balance Sheets

          (million yen)

          As of

          As of

          March 31, 2017

          September 30, 2017

          Assets

          Current assets:

          Cash and deposits

          69,936

          64,457

          Notes and accounts receivable - trade

          798,058

          763,177

          Merchandise and finished goods

          313,368

          344,166

          Work in progress

          50,834

          64,076

          Raw materials and supplies

          408,728

          423,868

          Other current assets

          169,336

          169,471

          Allowance for doubtful accounts

          (1,416)

          (1,197)

          Total current assets

          1,808,846

          1,828,020

          Non-current assets:

          Property, plant and equipment:

          Machinery, equipment and vehicles, net

          654,918

          680,977

          Land

          496,678

          495,973

          Other, net

          499,282

          498,881

          Total property, plant and equipment

          1,650,879

          1,675,832

          Intangible assets

          78,368

          79,099

          Investments and other assets:

          Investments securities

          372,196

          322,740

          Shares of subsidiaries and associates

          349,864

          361,408

          Other assets

          78,867

          79,451

          Allowance for doubtful accounts

          (2,953)

          (3,318)

          Total investments and other assets

          797,975

          760,281

          Total non-current assets

          2,527,222

          2,515,212

          Total assets

          4,336,069

          4,343,233

      JFE Holdings Inc. published this content on 01 November 2017 and is solely responsible for the information contained herein.
      Distributed by Public, unedited and unaltered, on 01 November 2017 06:02:01 UTC.

      Original documenthttp://www.jfe-holdings.co.jp/en/investor/zaimu/g-data/30/November2017-171101.pdf

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