Nippon Steel announced that it had raised its earnings forecast for the fiscal year ending March 2027 and expects business profit to reach ¥720 billion. The factors cited were improved earnings at its domestic group companies, expansion of its overseas operations and the impact of a one-off tax credit related to U.S. Steel.
Nippon Steel raised its earnings forecast for the fiscal year ending March 2027. Under the new forecast, business profit is expected to reach ¥720 billion, up 40.0% from the previous fiscal year.
The upward revision reflects improved earnings at domestic group companies and increased overseas earnings driven by the strengthening of locally produced and consumed businesses. This is expected to lift overall profit levels.
The company also cited the one-off impact of Arkansas state tax credits related to 2 capital investments at U.S. Steel as a factor behind the upward revision. The impact of the tax credits is considered short term, with limited long-term effects expected.
This article was republished based on information distributed by FISCO. Specific figures and conditions are subject to official disclosures.