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 2016

JFE 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.

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