NIPPON STEEL CORPORATION's results for the first quarter of the fiscal year ending March 2027 showed substantial growth, with revenue up 40.4% year on year to ¥2.8212 trillion and operating profit up 58.1% to ¥145.5 billion, resulting in a return to profitability. The company forecasts higher revenue and profit for the full year, with a year-end dividend of ¥24 per share planned.
NIPPON STEEL CORPORATION published its first-quarter earnings report for the fiscal year ending March 2027, reporting revenue of ¥2.8212 trillion, up 40.4% year on year, and business profit of ¥145.5 billion, up 58.1%. Operating profit and profit attributable to owners of the parent for the period turned profitable. Results improved substantially from the same period of the previous year, when a business restructuring loss was recorded.
The core steelmaking segment drove revenue and profit and supported overall performance. The earnings report outlines the status of 4 business segments, including steelmaking, and states that business profit in the steelmaking segment reached ¥144.3 billion.
On the balance sheet, total assets rose 3.5% from the end of the previous fiscal year to ¥15.1761 trillion, while total liabilities increased 4.8% to ¥9.0547 trillion. Current liabilities for bonds, borrowings and lease liabilities increased substantially. Depreciation and amortization rose from ¥96.6 billion in the same period of the previous year to ¥167.3 billion.
For the full year, the company forecasts revenue of ¥11.2 trillion, business profit of ¥630.0 billion and profit attributable to owners of the parent of ¥290.0 billion, representing higher revenue and profit. The planned annual dividend is ¥24 per share, comprising an interim dividend of ¥12 and a year-end dividend of ¥12.