NIPPON STEEL CORPORATION's share price rebounded from the end of August and established an upward trend into September. Factors cited include the upward revision to its earnings outlook in late August, the agreement to raise steel prices, and improved technical indicators.
Over the latest 5 trading days from the end of August, the share price rose from ¥669.8 to ¥691.9, while a 4.55% gain and a 64% increase in trading volume were observed on 1 September. A major European securities firm raised its target share price to ¥940 on 31 August, and reports that the stock had rebounded sharply on the same development were viewed as a catalyst. On 1 September, the share price broke above its 25-day moving average, and a parabolic buy signal reversal was also recorded that day.
As of the end of August, the ordinary profit forecast for the fiscal year ending March 2027 had risen 4.1% from the previous week, with upward revisions to the earnings outlook continuing alongside target share price increases. It was reported that NIPPON STEEL CORPORATION and Toyota had agreed on 27 August to raise steel prices from October, creating a flow in which the catalyst for product price revisions preceded the latest reassessment of the company. For the first quarter of the fiscal year ending March 2027, announced on 4 August, revenue was ¥2.8212 trillion, up 40.4% year on year, while business profit was ¥145.5 billion, up 58.1%. The outlook for full-year revenue and profit growth following the return to profitability provides the basis for the stock's recent catalysts.
The final trading day for shareholder benefits is 28 September, and the record date is 30 September. As there is still time before the entitlement date, earnings and valuation revisions are expected to remain the main near-term share price drivers. On online message boards, some investors expressed expectations of holding the stock over the medium to long term, supported by progress in its US and European businesses and its dividend, while others said they wanted to assess interest rates, foreign exchange movements, and the direction of overseas restructuring.