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Revision of earnings forecasts5401NIPPON STEEL CORPORATIONIron & Steel, Nonferrous Metals

Notice Regarding Revisions to the Earnings Forecast

The consolidated earnings forecasts for the cumulative second quarter and full year of the fiscal year ending March 2027 have been revised upward. The full-year forecasts have been raised by ¥200,000 million for revenue, ¥100,000 million for business profit, and ¥70,000 million for profit for the period attributable to owners of the parent.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
31.8
%
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Six months ending June 2026, full yearPrevious forecast published 13 May 2026
Net SalesCumulative second-quarter results5,400,000→5,600,000million
+3.7%
Net SalesFull year11,000,000→11,200,000million
+1.8%
Operating profitCumulative second-quarter results220,000→260,000million
+18.2%
Operating profitFull year530,000→630,000million
+18.9%
Profit attributable to owners of the parentCumulative second-quarter results90,000→120,000million
+33.3%
Profit attributable to owners of the parentFull year220,000→290,000million
+31.8%
Net income per shareCumulative second-quarter results17→23yen and sen
+35.3%
Net income per shareFull year42→55yen and sen
+31.0%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

While the effects of rising raw material and fuel costs and lower steel exports to the Middle East have become apparent, profit is expected to increase due to higher US steel market prices, improved earnings at United States Steel Corporation reflecting the effectiveness of its earnings improvement measures, and an increase in gains from inventory valuation.

Previous-period resultsCumulative second-quarter results Revenue ¥4,635,647 million, business profit ¥227,533 million, profit for the period attributable to owners of the parent -¥113,380 million, basic earnings per share -¥21.69 / Full year Revenue ¥10,063,216 million, business profit ¥514,128 million, profit for the period attributable to owners of the parent ¥17,158 million, basic earnings per share ¥3.28
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesCumulative second-quarter results 5,400,000 / Full year 11,000,000 → Cumulative second-quarter results 5,600,000 / Full year 11,200,000(Cumulative second-quarter results 3.7 / Full year 1.8)
Operating profitCumulative second-quarter results 220,000 / Full year 530,000 → Cumulative second-quarter results 260,000 / Full year 630,000(Cumulative second-quarter results 18.2 / Full year 18.9)
Profit attributable to owners of the parentCumulative second-quarter results 90,000 / Full year 220,000 → Cumulative second-quarter results 120,000 / Full year 290,000(Cumulative second-quarter results 33.3 / Full year 31.8)
Net income per shareCumulative second-quarter results 17 / Full year 42 → Cumulative second-quarter results 23 / Full year 55
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSix months ending June 2026, full year
Publication date of previous forecast13 May 2026
Previous-period resultsCumulative second-quarter results Revenue ¥4,635,647 million, business profit ¥227,533 million, profit for the period attributable to owners of the parent -¥113,380 million, basic earnings per share -¥21.69 / Full year Revenue ¥10,063,216 million, business profit ¥514,128 million, profit for the period attributable to owners of the parent ¥17,158 million, basic earnings per share ¥3.28
Reason for the revisionWhile the effects of rising raw material and fuel costs and lower steel exports to the Middle East have become apparent, profit is expected to increase due to higher US steel market prices, improved earnings at United States Steel Corporation reflecting the effectiveness of its earnings improvement measures, and an increase in gains from inventory valuation.
Consolidated / non-consolidatedConsolidated
Items this document does not state (3)
Ordinary incomeDetails and amount of extraordinary lossDividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The revision reflects expectations for higher US steel market prices, the effects of United States Steel Corporation's earnings improvement measures, and an increase in gains from inventory valuation, despite rising raw material and fuel costs and lower steel exports to the Middle East.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to the Earnings Forecast | NIPPON STEEL CORPORATION (5401) timely disclosure | Komori