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Nippon Steel sees stock appraisal loss of 96.3 bln yen
July 2, 2012 / 7:06 AM / 5 years ago

Nippon Steel sees stock appraisal loss of 96.3 bln yen

TOKYO, July 2 (Reuters) - Nippon Steel Corp said on Monday it expects to book a stock appraisal loss of 96.3 billion yen ($1.21 billion) in the April to June quarter.

Japan’s top steel maker said it plans to announce any changes to its earnings forecast when it reports its first-quarter results on July 30.

$1 = 79.7900 Japanese yen Reporting by Chang-Ran Kim; Editing by Jeremy Laurence

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