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NIPPON STEEL
(5401)
NIPPON STEEL (5401) vs. iShares MSCI Japan ETF (EWJ)
NIPPON STEEL Business Overview & Revenue Model
NIPPON STEEL Financial Statement Overview
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.51T | 8.70T | 8.87T | 7.98T | 6.81T | 4.83T |
| Gross Profit | 1.31T | 1.37T | 1.39T | 1.29T | 1.22T | 565.33B |
| EBITDA | 687.81B | 827.14B | 1.02T | 1.23T | 958.96B | 307.61B |
| Net Income | -3.17B | 350.23B | 549.37B | 694.02B | 637.32B | -32.43B |
Balance Sheet | ||||||
| Total Assets | 13.82T | 10.94T | 10.71T | 9.57T | 8.75T | 7.57T |
| Cash, Cash Equivalents and Short-Term Investments | 524.00B | 696.31B | 464.91B | 687.96B | 572.38B | 359.46B |
| Total Debt | 5.08T | 2.51T | 2.71T | 2.70T | 2.65T | 2.56T |
| Total Liabilities | 8.33T | 5.04T | 5.36T | 4.92T | 4.86T | 4.44T |
| Stockholders Equity | 4.99T | 5.38T | 4.78T | 4.18T | 3.47T | 2.76T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 360.40B | 543.81B | 191.26B | 148.73B | -56.63B |
| Operating Cash Flow | 0.00 | 978.59B | 1.01T | 661.27B | 615.63B | 403.19B |
| Investing Cash Flow | 0.00 | -462.43B | -710.65B | -364.66B | -375.98B | -389.04B |
| Financing Cash Flow | 0.00 | -313.33B | -543.95B | -199.58B | -64.19B | 52.69B |
NIPPON STEEL Technical Analysis
NIPPON STEEL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥894.33B | 8.81 | 10.78% | 4.68% | -1.97% | 47.63% | |
74 Outperform | ¥490.70B | 17.95 | 6.84% | 2.99% | -0.02% | -40.45% | |
73 Outperform | ¥176.91B | 12.17 | 7.36% | 3.42% | -18.72% | -25.26% | |
71 Outperform | ¥224.39B | 20.19 | 5.06% | 1.80% | 4.10% | 152.90% | |
67 Neutral | ¥3.40T | -58.46 | -0.26% | 4.53% | 1.31% | -101.19% | |
64 Neutral | $1.32T | 26.58 | 2.92% | 4.59% | -8.07% | -41.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
NIPPON STEEL Corporate Events
Nippon Steel has disclosed that its subsidiary GEOSTR Corporation has revised upward its earnings forecast for the fiscal year ending March 31, 2026, though the change is deemed immaterial to Nippon Steel’s consolidated results for fiscal 2025. GEOSTR now projects slightly higher net sales but significantly stronger profitability than previously expected, driven by successful efforts to pass higher material and other costs through to selling prices, cost reductions including fixed costs, and the booking of an extraordinary gain on the sale of investment securities, resulting in a substantial upgrade to projected profit attributable to owners of the parent.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen714.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
Nippon Steel Engineering Co., Ltd., a core engineering subsidiary of Nippon Steel, and Kanadevia Corporation have signed a basic memorandum of understanding to begin formal discussions on a potential business integration, following board approvals at both companies. While no specific integration structure or terms have been decided, the review will cover feasibility and conditions of combining their operations, and depending on the share-allotment ratio ultimately set, the merged entity could become either a listed affiliate or a listed subsidiary of Nippon Steel, potentially reshaping the group’s footprint in environmental and infrastructure engineering and enhancing its position in global decarbonization and waste-treatment markets.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen714.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
Nippon Steel reported consolidated revenue of ¥7,256.3 billion and business profit of ¥356.1 billion for the nine months to 31 December 2025, but booked a net loss of ¥45.0 billion attributable to owners of the parent, largely due to ¥249.0 billion in losses on business withdrawal, including the sale of equity interests in AM/NS Calvert LLC and Usiminas. Underlying business profit declined year-on-year on weaker spreads, lower overseas steel and raw materials contributions, and negative inventory valuation effects, though cost reductions partially offset these pressures, and non-steel segments made a modest positive contribution. By segment, steelmaking and steel fabrication remained the core earnings driver despite lower profit, while engineering and construction, chemicals and materials, and system solutions showed comparatively resilient or improving performance. For the fiscal year ending 31 March 2026, the company forecasts revenue of ¥10,000.0 billion, business profit of ¥420.0 billion and a full-year net loss of ¥70.0 billion, reflecting continued restructuring charges and a cautious outlook on steel margins, even as it targets higher second-half revenue and maintains significant crude steel production and shipment volumes, signaling an ongoing focus on operational efficiency and portfolio reshaping.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen714.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
Nippon Steel reported a 10.7% year-on-year increase in revenue to ¥7.26 trillion for the nine months ended December 31, 2025, but profits declined sharply, with business profit down 37.1% and the company posting a net loss attributable to owners of the parent of ¥45.0 billion, compared with a ¥362.1 billion profit a year earlier. The company’s equity ratio weakened as total assets swelled following the addition of U.S. Steel and other subsidiaries to the consolidation scope, while it proceeded with a 5-for-1 stock split and adjusted its dividend structure, resulting in a lower forecast annual payout in headline terms. For the full year to March 31, 2026, Nippon Steel now forecasts ¥10 trillion in revenue, up 15%, but expects to remain loss-making with a projected ¥70.0 billion loss attributable to owners of the parent and a 38.5% drop in business profit, underscoring mounting cost and integration pressures at a time of restructuring and capital market adjustments for shareholders.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen714.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
Nippon Steel announced it will commence a tender offer on February 2, 2026, to acquire additional shares of its consolidated subsidiary Krosaki Harima Corporation, a refractory and materials producer listed in Tokyo and Fukuoka. All required clearances under Japanese and Indian competition laws and Italian foreign investment regulations have been obtained, and other preconditions—such as a supportive resolution from Krosaki Harima’s board and a positive report from a special committee—have been satisfied, enabling the transaction to move forward as planned. Nippon Steel, already the largest shareholder with an effective 46.47% stake, is adjusting only the minimum number of shares to be purchased slightly (to 6,818,596 shares) to reflect a small increase in Krosaki Harima’s treasury stock, signaling a continued push to reinforce control and integration of the subsidiary within its group structure.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen721.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
Nippon Steel Corporation has announced its 2030 Medium- to Long-term Management Plan, aiming to enhance its position as a top steelmaker globally. The plan addresses the anticipated growth in steel demand driven by emerging markets and domestic manufacturing in the U.S., while also considering challenges such as global oversupply and trade tensions. The company has improved its breakeven point through restructuring and strategic investments, including expanding its capacity in promising markets like India and the U.S., establishing a profit structure that ensures significant business profits in various economic conditions.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen655.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.