Pyongyang, October 30 (KCNA) -- Japanese companies are losing huge profits owing to the serious economic crisis.

JFE Holdings Inc. said Wednesday it logged a group net loss of 24.31 billion yen in the April-September first half of fiscal 2011.

Fujitsu and Nippon Steel lost their profits dropping 69.8 percent and 31.3 percent respectively at this period comparing with the last year.