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Results5401NIPPON STEEL CORPORATIONIron and steel and nonferrous metals

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS]

For the interim period of the fiscal year ending March 2027, revenue increased 26.1% year on year, and operating profit, profit before tax, and interim profit attributable to owners of the parent all turned profitable. The full-year forecasts have been revised to revenue of ¥117 trillion, business profit of ¥720 billion, and profit attributable to owners of the parent of ¥440 billion. The earnings forecast revision was marked “Yes.”

Worth reading
35Immaterial
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
26.1
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedIFRS
Net Sales5,844,153¥ millionYear on year +26.1%Progress 50.0%
Operating profit307,413¥ million
Ordinary income247,009¥ million
Net income attributable to owners of the parent262,997¥ millionProgress 59.8%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥50.32
Financial position at period-end
Total assets15,344,890¥ million
of which net assets 6,279,145 ¥ millionEquity ratio 37.7%vs. prior year-end 0.0pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash and cash equivalents at end of period¥414,860 million
Segment revenueSteelmaking ¥5,385,470 million, System Solutions ¥156,312 million, Chemicals & Materials ¥146,779 million, Engineering ¥155,590 million
Segment profitSteelmaking ¥276,622 million, System Solutions ¥23,209 million, Chemicals & Materials ¥22,418 million, Engineering ¥7,500 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥11,700,000 million (YoY +16.3%)
Operating profitNot disclosed
Business profit¥720,000 million (YoY +40.0%)
Ordinary incomeNot disclosed
Net income¥440,000 million
Annual Dividend Forecast¥24 per share (after taking the stock split into account) → ¥24 per share (after taking the stock split into account)(0.0%)
Factors Behind Changes in Business Performance

This summary report does not state the factors behind the changes and directs readers to the supplementary explanatory materials and the earnings presentation materials.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 Not disclosed
Changes in the scope of consolidationNew 2 / Excluded 14 / Company name Not disclosed
Depreciation and amortization¥340,812 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for securities analysts)
Issued Shares at Period-End5,373,633,760
Treasury Shares at Period-End147,362,228
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥5,844,153 million (YoY +26.1%)
Operating profit¥307,413 million
Ordinary income¥247,009 million
Profit attributable to owners of the parent¥262,997 million
Net income per share¥50.32
Equity ratioEnd of the current fiscal period 37.7 / End of previous period 37.7
Total assets¥15,344,890 million
Net assets¥6,279,145 million
Cash and cash equivalents at end of period¥414,860 million
Full-year earnings forecastNet Sales ¥11,700,000 million (YoY +16.3%) / Operating profit Not disclosed / Business profit ¥720,000 million (YoY +40.0%) / Ordinary income Not disclosed / Net income ¥440,000 million
Annual Dividend Forecast¥24 per share (after taking the stock split into account) → ¥24 per share (after taking the stock split into account)(0.0%)
Segment revenueSteelmaking ¥5,385,470 million, System Solutions ¥156,312 million, Chemicals & Materials ¥146,779 million, Engineering ¥155,590 million
Segment profitSteelmaking ¥276,622 million, System Solutions ¥23,209 million, Chemicals & Materials ¥22,418 million, Engineering ¥7,500 million
Depreciation and amortization¥340,812 million
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement Not disclosed
Changes in the scope of consolidationNew 2 / Excluded 14 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for securities analysts)
Issued Shares at Period-End5,373,633,760
Treasury Shares at Period-End147,362,228
Factors Behind Changes in Business PerformanceThis summary report does not state the factors behind the changes and directs readers to the supplementary explanatory materials and the earnings presentation materials.
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)Material subsequent events

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.

This summary report does not explain the reasons for the changes in results and directs readers to the supplementary explanatory materials, “Regarding the Second Quarter Results for FY2026,” and the earnings presentation materials.

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.
Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] | NIPPON STEEL CORPORATION (5401) timely disclosure | Komori