)
Visual
test
Nippon Steel
Nippon Steel (5401) investor relations material
Nippon Steel Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Feb, 2026
Executive summary
FY2025 underlying business profit forecast revised down to ¥620.0 bn, a decrease of ¥60.0 bn from the previous forecast, due to a deteriorating business environment and one-off impacts, including ¥40.0 bn in damage-related costs from blast furnace issues at Muroran.
Revenue for the nine months ended December 31, 2025, rose 10.7% year-over-year to ¥7,256,323 million, but profit attributable to owners of the parent fell to a loss of ¥45,002 million from a profit of ¥362,077 million in the prior year period.
A major business combination was completed with the acquisition of United States Steel Corporation, significantly expanding global capacity and presence.
U.S. Steel's earnings are not factored into FY2025 guidance due to near-term uncertainties, despite improving U.S. market conditions.
Full-year dividend for FY2025 maintained at ¥24 per share (¥120 pre-split), with a five-year cumulative payout ratio of approximately 30%, excluding one-off losses from the U.S. Steel transaction.
Financial highlights
FY2025 revenue forecast at ¥10,000.0 bn, up ¥1,304.5 bn year-over-year.
Underlying business profit (BP) forecast at ¥620.0 bn, down ¥173.7 bn year-over-year.
Net profit forecast at ¥(70.0) bn, reflecting a ¥270.0 bn loss on transfer of equity interest in AM/NS Calvert and other one-off items.
EPS for FY2025 projected at -13 yen per share.
Total assets increased to ¥14,443,085 million from ¥10,942,458 million as of March 31, 2025.
Outlook and guidance
Fiscal year ending March 31, 2026, revenue is forecast at ¥10,000,000 million, up 15.0% year-over-year.
Business profit is projected at ¥420,000 million, down 38.5% year-over-year.
No further expansion in Chinese steel exports expected due to declining Chinese demand and global trade measures.
Dividend policy to maintain a 30% payout ratio with a minimum annual dividend of ¥24 per share for FY2026-2030.
Market recovery signs in Europe and the U.S. due to tariffs, but risk of low-priced steel inflow into Japan remains.
Impact of reorganization losses on profit?
Why did equity ratio drop post-US Steel deal?
What is the risk of U.S. Steel goodwill impairment?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 7 Feb514167
Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%.
Next Nippon Steel earnings date
Q4 20268 May, 2026
Nippon Steel
Next Nippon Steel earnings date
Q4 20268 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Nippon Steel Corporation is Japan's largest steelmaker, operating globally with manufacturing bases in Japan and over 15 countries. The company's operations span four main segments: Steelmaking and Steel Fabrication, which is its core business area; Engineering and Construction; Chemicals and Materials; and System Solutions. Nippon Steel is committed to advancing in four strategic areas as part of its Medium- to Long-term Management Plan: rebuilding and strengthening its domestic steel business, promoting a global strategy for overseas expansion, pursuing carbon neutrality, and embracing digital transformation. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage