Nippon Steel Corporation engages in the steelmaking and steel fabrication, engineering, chemicals and materials, and system solutions businesses in Japan and internationally. The company's Steelmaking and Steel Fabrication segment engages in the manufacture and sale of steel products. Its Engineering and Construction segment engages in the design, manufacture, sale, construction, and supervision of various plants and facilities, energy pipelines, water facilities, industrial machinery and equipment, buildings, building materials and equipment, steel structures, etc.; operation, management, and maintenance of plants and facilities, etc.; waste treatment and recycling business; and electricity, gas, heat, and other supply businesses. The company's Chemicals and Materials segment engages in the manufacture and sale of coal-based chemical products, petrochemicals, electronic materials, and materials and components for semiconductors and electronic parts; carbon fiber and composite products; and products that utilize technologies for metal processing. Its System Solutions segment offers computer system engineering and consulting; and IT-enabled outsourcing services and other services. The company also provides steel plates, sheets, and slags; structural steels; pipes and tubes; railway, automotive, and machinery parts; titanium; and stainless steel and electrical steel sheet products for use in various applications, including automotive, construction, energy, railways and shipping, and consumer electronics industries. The company was formerly known as Nippon Steel & Sumitomo Metal Corporation and changed its name to Nippon Steel Corporation in April 2019. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
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Nippon Steel Raises Net Profit Forecast to 290 Billion Yen
Nippon Steel returned to profitability in the first quarter of fiscal year ending March 2027 and revised up its full-year net profit forecast to 290 billion yen, from 220 billion yen previously. While the steel segment accounts for over 90% of revenue, overseas operations, particularly U.S. Steel, performed well. The company maintained its full-year underlying consolidated operating profit forecast at 700 billion yen or more, with a 90 billion yen downward revision in domestic operations offset by a 90 billion yen upward revision in overseas operations. The underlying operating profit forecast for U.S. Steel was raised to 180 billion yen or more, from 100 billion yen or more, supported by demand capture from rising U.S. market conditions, contributing 60 billion yen, and improvement efforts such as engineer dispatch, contributing 20 billion yen. Meanwhile, domestic operations continue to struggle due to higher raw material and fuel costs and Middle East tensions. At the Nagoya Works, a next-generation hot rolling line was completed to shift toward high-grade steel products.
Nippon Steel Investment Rating Raised to Buy, US Steel Turns Profitable
Rakuten Securities analyst Masayuki Kubota has raised the investment rating on Nippon Steel from Hold to Buy. In the April to June 2026 quarter, business profit rose 58.1 percent year-on-year to 145.5 billion yen, and consolidated net profit swung to a 75.2 billion yen surplus, with the acquired US Steel making a significant contribution. Full-year business profit guidance has been revised upward from 530 billion yen to 630 billion yen, and net profit guidance from 220 billion yen to 290 billion yen, with US Steel expected to contribute 180 billion yen in business profit for the full year. In addition to the stock's attractive valuation at 0.64 times price-to-book ratio, the smooth start of the US growth strategy through the US Steel acquisition was also cited as a positive factor.
Nippon Steel swings to 7.52 billion yen net profit in April–June quarter, helped by US Steel
Nippon Steel reported a consolidated net profit of 7.52 billion yen for the April–June quarter of 2026, swinging from a 195.8 billion yen loss a year earlier. The acquisition of major US steelmaker US Steel in June 2025 contributed to earnings, offsetting a struggling domestic business hit by cost increases from Middle East tensions. Revenue rose 40.4 percent year on year to 2.8211 trillion yen. Senior Managing Executive Officer Naohiko Iwai stressed that US Steel has become the group's top earner, and explained that progress in cost cuts through the dispatch of engineers from Nippon Steel and rising US steel market conditions helped improve profitability.
U.S. government invested $27 billion in corporate stakes with no consolidated public ledger
The Trump administration has invested roughly $26.7 billion across 30 equity or quasi-equity deals, yet no consolidated public ledger of the holdings exists. The stakes are scattered across at least four agencies—Commerce, Defense, the Development Finance Corporation, and Energy—with only the Development Finance Corporation having clear statutory authority to own equity. The largest holding is a 9.9% stake in Intel, now worth $42 billion, while other investments include $400 million in rare-earth miner MP Materials and a golden share in U.S. Steel. The most complete public accounting is maintained by the Council on Foreign Relations, whose senior fellow Jonathan Hillman said the announced deals are only the tip of the iceberg. Federal budget rules treat equity purchases as outlays with little mechanism for recognizing returns, meaning the Intel position's rise from $8.9 billion to $42 billion appears in no budget document.
Business Leaders Voice Concerns Over Trump Administration's New Tariffs
Japanese business leaders have voiced a series of concerns over the new tariff measures on Japan announced by the U.S. government, citing the impact on the global economy and the lack of predictability. Nippon Steel Chairman Eiji Hashimoto expressed dissatisfaction regarding the company's investment plan of over 2 trillion yen in the acquired U.S. Steel, calling the tariffs somewhat unreasonable and a major blow to global manufacturing. The new tariffs replace a temporary measure that was invalidated by a court ruling on reciprocal tariffs, and they apply a maximum total rate of 12.5 percent when combined with existing tariffs, citing deficiencies in the ban on imports of forced-labor products. Fujitsu President Takahito Tokita pointed out that policies are constantly changing and stressed the need to build resilience to adapt to such changes. Hitachi Chairman Toshiaki Higashihara said there would be no major impact due to the company's region-specific supply chains, while Sumitomo Corporation Chairman Masayuki Hyodo commented on the 550 billion dollar Japan-U.S. investment agreement, stating that it is the role of the business community to ensure it benefits both countries.
High-dividend stocks with September record dates: Oji Holdings, UBE, and Nippon Steel
Three high-dividend stocks with September record dates were highlighted: Oji Holdings, UBE, and Nippon Steel. Oji Holdings is one of Japan's largest paper manufacturers, with solid demand for cardboard boxes driven by e-commerce growth, drawing attention as a high-dividend stock. UBE is a comprehensive materials manufacturer centered on chemicals, and is proactive in shareholder returns. Nippon Steel is Japan's largest steelmaker, showing a stance of strengthening shareholder returns in line with profit growth. All are companies that support Japan's manufacturing sector, and are said to be suitable for those who want to enjoy investing while keeping an eye on global economic trends.
Rating Daily: Nomura, Goldman Sachs, and Tokai Tokyo Maintain Top Ratings on Eight Stocks
On July 8, multiple research firms maintained their top investment ratings. Nomura Securities kept its Buy rating on PERSOL Holdings and Nippon Steel, while lowering their target prices from 430 yen to 380 yen and from 740 yen to 720 yen, respectively. Goldman Sachs Securities maintained its Buy rating on Furukawa Electric, Fujikura, and SWCC, cutting their target prices from 7,600 yen to 7,200 yen, from 7,600 yen to 7,500 yen, and from 17,500 yen to 16,200 yen, respectively. Tokai Tokyo Research Center kept its Bullish rating on Kyokuto Kaihatsu Kogyo, Mitsui & Co., and GENDA, reducing their target prices from 4,200 yen to 3,250 yen, from 7,800 yen to 7,000 yen, and from 930 yen to 900 yen, respectively.
NSSOL Public Shareholders Back Proposals to Prohibit and Disclose Deposits with Nippon Steel
At NS Solutions Corporation's 46th Annual General Meeting on June 19, 2026, two shareholder proposals seeking to prohibit and require greater transparency regarding the company's deposits with parent Nippon Steel Corporation received affirmative votes from approximately 60% of public shareholders. Proposal No. 2, to amend the Articles of Incorporation to prohibit such deposits, garnered 59.8% support, while Proposal No. 3, mandating disclosure of deposit terms and review policies, received 60.9% support, based on voting results disclosed in an Extraordinary Report filed on June 23. 3D Investment Partners, the largest minority shareholder, stated that these results clearly demonstrate public shareholders' concerns that the deposits impair corporate value and their call for withdrawal and transparent verification. 3D has issued an open letter requesting a meeting with NSSOL's Outside Directors to discuss the Board's response to this shareholder feedback.
Nippon Steel sees strong American market lifting US Steel earnings
Nippon Steel Vice Chairman Takahiro Mori said the company expects the American market to remain buoyant, supported by import tariffs and resilient demand, which could lift earnings at U.S. Steel beyond current forecasts. Mori expressed confidence that U.S. Steel will post profits in excess of 100 billion yen this year, with the strong market outlook through 2027 suggesting additional upside, and said U.S. Steel would generate an annual profit of 300 billion yen to 400 billion yen in the long run. He described U.S. conditions as highly favourable, with hot-rolled steel sheet prices above $1,200 per metric ton, more than double the level in Asia, and noted that U.S. Steel resumed an idled Illinois blast furnace in March and is now running it at full capacity. About 100 Nippon Steel staff seconded from Japan are working on 260 operational improvement initiatives, and U.S. Steel's board has already approved roughly one-third of the $11 billion investment package pledged by Nippon Steel through 2028, with returns expected to grow to $3 billion a year by 2035. Mori acknowledged risks from inflation-driven cost pressures and labour shortages but said the U.S. government has not intervened in management decisions since the deal closed, and he added that Nippon Steel aims to lift overseas profit to more than 500 billion yen by 2030, nearly five times fiscal 2025 levels.