Japanese steelmaker Kobe Steel Ltd anticipates a rise in net profit for the fiscal year 2023-24, projecting a record net profit of JPY 120 billion ($770.5 million) and net sales revenues of JPY 2.66 trillion ($17.1 billion) for the current fiscal year. This forecast follows a successful fiscal year where Kobe Steel reported a net profit of JPY 109.5 billion ($702.41 million), up from JPY 72.5 billion in the previous year, with net sales revenues reaching JPY 2.54 trillion ($16.3 billion).