日本製鉄 announced plans to invest approximately ¥6 trillion in capital expenditure and business investments during fiscal 2026–2030, strengthening earnings power in Japan and overseas and expanding abroad as part of its growth strategy following the acquisition of U.S. Steel. It is targeting consolidated underlying profit of at least ¥1 trillion in fiscal 2030.
日本製鉄 plans to make approximately ¥6 trillion in capital expenditure and business investments during fiscal 2026–2030, allocating approximately 60% of the total to overseas projects to strengthen the earnings power of its overseas business.
Following the acquisition of U.S. Steel, it plans to invest approximately $11 billion in the United States by the end of 2028, including expanding hot-rolling facilities, refurbishing blast furnaces and building new direct reduced iron (DRI) production facilities. Approximately $1.88 billion will be invested in DRI facilities to reduce raw-material costs and improve quality.
In India, it will expand production capacity and supplies of high-value-added steel through AM/NS India. In Thailand, it has launched the Thai project to integrate the group’s local companies and address steel imports from China.
In Japan, the company will promote capital investment and concentrated production to improve the efficiency of premium steel production. It aims to achieve financial targets including ROE of approximately 10% and Debt/EBITDA of no more than 3.5x in fiscal 2030.