Komori
Revision to earnings forecasts5401NIPPON STEEL CORPORATIONIron and steel and nonferrous metals

Notice Regarding Differences Between the Consolidated Earnings Forecast and Actual Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

Actual results for the second quarter (interim period) of the fiscal year ending March 2027 exceeded the previous forecast. Revenue was 4.4% above forecast, operating profit was 18.2% above forecast, and interim profit attributable to owners of the parent was 119.2% above forecast.

Worth reading
65In focus
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Direction
Improvement
Direction inferred from the company’s description.
Scale
142997
¥ million
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Second quarter (interim period)Previous forecast published 4 August 2026
Net Sales5,600,000→5,844,153million
+4.4%
Operating profit260,000→307,413million
+18.2%
Profit attributable to owners of the parent120,000→262,997million
+119.2%
Net income per share23→50.32yen and sen
+118.8%

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

Improved profitability at domestic group companies, increased profitability in overseas operations resulting from the strengthening of local production for local consumption businesses, among other factors, and a one-time impact of ¥96.1 billion from Arkansas state tax credits related to United States Steel Corporation's capital investment in Big River 2.

Previous-period resultsRevenue: ¥4,635,647 million; operating profit: ¥227,533 million; interim loss attributable to owners of the parent: ¥113,380 million; basic interim loss per share: ¥21.69
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥5,600,000 million → ¥5,844,153 million(+4.4%)
Operating profit¥260,000 million → ¥307,413 million(+18.2%)
Profit attributable to owners of the parent¥120,000 million → ¥262,997 million(+119.2%)
Net income per share23 yen and sen → 50.32 yen and sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSecond quarter (interim period)
Publication date of previous forecast4 August 2026
Previous-period resultsRevenue: ¥4,635,647 million; operating profit: ¥227,533 million; interim loss attributable to owners of the parent: ¥113,380 million; basic interim loss per share: ¥21.69
Reason for the revisionImproved profitability at domestic group companies, increased profitability in overseas operations resulting from the strengthening of local production for local consumption businesses, among other factors, and a one-time impact of ¥96.1 billion from Arkansas state tax credits related to United States Steel Corporation's capital investment in Big River 2.
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.

This was due to improved profitability at domestic group companies and increased profitability in overseas operations resulting from the strengthening of local production for local consumption businesses, among other factors, as well as a one-time impact of ¥96.1 billion from Arkansas state tax credits related to United States Steel Corporation's capital investment in Big River 2.

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Notice Regarding Differences Between the Consolidated Earnings Forecast and Actual Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 | NIPPON STEEL CORPORATION (5401) timely disclosure | Komori