Nippon Steel's business profit for the first half of the current fiscal year rose approximately 35% year on year to ¥307.413 billion, boosted by the contribution from acquired US Steel. The full-year plan was also revised upward by ¥90 billion to ¥720 billion.
Nippon Steel's business profit for the April-September period this year was ¥307.413 billion, an increase of 35.1% from the same period a year earlier.
US Steel, whose acquisition was completed last year, drove performance in the overseas business, while domestic production and shipments were disrupted at times by the situation in the Middle East and torrential rain damage in Chiba Prefecture.
The full-year business profit outlook was revised upward by ¥90 billion to ¥720 billion.
The company said it would refrain from commenting on the outcome of the US presidential election and stated that it aims to build a business structure less susceptible to external conditions.