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Revision to earnings forecasts5401NIPPON STEEL CORPORATIONIron and steel and nonferrous metals

Notice Regarding Revisions to Earnings Forecasts

The consolidated earnings forecast for the full fiscal year ending March 2027 was revised upward. Revenue was increased by 4.5%, operating profit by 14.3%, and profit for the year attributable to owners of the parent by 51.7%; basic earnings per share for the year is expected to increase from ¥55.00 to ¥84.00.

Worth reading
69In 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
51.7
%
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 4 August 2026
Net Sales11,200,000→11,700,000million
+4.5%
Operating profit630,000→720,000million (business income)
+14.3%
Profit attributable to owners of the parent290,000→440,000million
+51.7%
Net income per share55→84yen and sen
+52.7%

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

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 positive 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: ¥10,063,216 million; operating profit: ¥514,128 million; profit for the year attributable to owners of the parent: ¥17,158 million; basic earnings per share for the year: ¥3.28 (fiscal year ended March 2026)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥11,200,000 million → ¥11,700,000 million(+4.5%)
Operating profit¥630,000 million (business income) → ¥720,000 million (business income)(+14.3%)
Profit attributable to owners of the parent¥290,000 million → ¥440,000 million(+51.7%)
Net income per share55 yen and sen → 84 yen and sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast4 August 2026
Previous-period resultsRevenue: ¥10,063,216 million; operating profit: ¥514,128 million; profit for the year attributable to owners of the parent: ¥17,158 million; basic earnings per share for the year: ¥3.28 (fiscal year ended March 2026)
Reason for the revisionThis 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 positive 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 is because, in addition 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, the company expects a one-time positive impact of ¥96.1 billion from Arkansas state tax credits related to United States Steel Corporation's capital investment in Big River 2.

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.
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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 Earnings Forecasts | NIPPON STEEL CORPORATION (5401) timely disclosure | Komori