Nomura keeps Hold on JFE Holdings stock at JPY 1,830 target

Published on 10/13/2026 at 02:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue rose 4.10 percent to JPY 1.16 trillion. A 600,000-ton disruption after September 25 damage frames JFE Holdings stock.

Key points in brief

Nomura maintained a Hold rating and set a JPY 1,830 target on October 8, 2026.
First-quarter revenue rose 4.10 percent to JPY 1.16 trillion, while business profit rose 98.70 percent.
JFE Steel expects a 600,000-ton production impact at its Chiba plant after weather damage.
The last Lang & Schwarz indication was EUR 9.55 on October 12, 2026.

JFE, JP3386030005, Illustration mit AI erstellt.

JFE Holdings (ISIN JP3386030005) had its Hold rating maintained by Nomura on October 8, 2026, with a JPY 1,830 target, according to The Globe and Mail. The latest operating figures point to stronger first-quarter earnings, but the Chiba disruption remains a material counter-factor.

Nomura keeps target at JPY 1,830

Nomura's October 8, 2026 assessment kept the Hold rating and cited a JPY 1,830 target. The target sits above the Tokyo price context, but the unchanged rating shows that the disruption and steel-market conditions remain central to the valuation view.

First-quarter profit included one-offs

In the first quarter of fiscal 2026 ending March 31, 2027, revenue rose 4.10 percent year over year to JPY 1.16 trillion and business profit increased 98.70 percent to JPY 32.31 billion, according to Smart Stock Notes. The same report identified a JPY 15.00 billion land-sale gain in operating profit, so the headline earnings increase was not entirely driven by recurring steel operations.

Three dated operating markers

On August 5, 2026, JFE reported first-quarter revenue of JPY 1.16 trillion; on September 25, 2026, JFE Steel disclosed a 600,000-ton production impact at Chiba; and on October 8, 2026, Nomura maintained Hold with a JPY 1,830 target.

What does the disruption mean?

JFE Steel expects crude steel output at Chiba to fall by 600,000 metric tons after heavy rain and a typhoon damaged equipment, as Kitco News reported on September 25, 2026. The Chiba plant produced 3.59 million tons of crude steel in fiscal 2025, against 21.37 million tons for JFE Steel overall, while some deliveries were delayed.

First-half results due November 6

JFE Holdings has scheduled its first-half results for November 6, 2026, at 2:00 p.m. JST, according to the company's investor-relations calendar. That release should clarify how the Chiba recovery and steel spreads affect the full-year plan.

Tokyo price remains the market reference

JFE Holdings was last at JPY 1,692 on the Tokyo Stock Exchange on October 13, 2026 at 9:14 a.m. JST. The same market snapshot showed a market capitalization of JPY 1.1 trillion and a 52-week range of JPY 1,535 to JPY 2,359, placing the quote materially below the yearly high.

The last available Lang & Schwarz indication was EUR 9.55 on October 12, 2026 at 11:00 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of JFE Holdings stock.