Nippon SteelNIPPON STEEL CORPORATION5401東証プライム鉄鋼FY ending Mar 2026, consolidated, IFRS

Nippon Steel FY ending Mar 2026 results

About 91% of Nippon Steel's sales come from Steel manufacturing, with Engineering and System solution making up much of the rest.

Out of every ¥100 of sales, about ¥2 is left as operating profit.

Revenue changed +15.7% from the prior year, operating profit -55.7%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +15.7% · profit -55.7%, calculated from disclosed figures.

Operating leverage: -3.54× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥10.1T, up +15.7% from ¥8.7T.
Profits moved the other way: operating income dropped -55.7% to ¥242.9B, and net income attributable to owners dropped -95.1% to ¥17.2B.
Operating cash flow fell -26.7% to ¥716.9B, which did not cover ¥863.2B of capital spending, so free cash flow was -¥146.2B.

U.S. Steel became a consolidated subsidiary, which lifted steel segment revenue
Cheap exports from Chinese overcapacity kept global steel prices weak; thinner margins and weaker raw-material, overseas and group steel businesses cut steel profits, only partly offset by cost savings
A loss from business restructuring also weighed on bottom-line profit

Chinese overproduction and tariffs or trade measures could push steel supply, demand and prices further down
The company says it cannot yet estimate how the Middle East situation will affect results, since it can spread across many industries
If technology transfer or integration after acquisitions falls behind plan, goodwill could be written down

Annual securities report (101st term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (101st term) / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

For every ¥100 Nippon Steel sells, how much goes where, and how much is kept.

FY ending Mar 2026

Gross margin14.4%

Operating margin2.4%

Net margin0.2%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

※ Segments without disclosed profit are drawn entirely as costs

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第101期(2025/04/01－2026/03/31)
ID S100YF8E2026-06-23Open
EDINET (FSA Japan)
有価証券報告書－第100期(2024/04/01－2025/03/31)
ID S100W3AT2025-06-24Open
EDINET (FSA Japan)
有価証券報告書－第99期(2023/04/01－2024/03/31)
ID S100TOAW2024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第98期(2022/04/01－2023/03/31)
ID S100R2FO2023-06-23Open
EDINET (FSA Japan)
有価証券報告書－第97期(令和3年4月1日－令和4年3月31日)
ID S100OCKQ2022-06-23Open
EDINET (FSA Japan)
有価証券報告書－第96期(令和2年4月1日－令和3年3月31日)
ID S100LM6X2021-06-23Open

Extracted from XBRL: 44 / Derived from other figures: 1

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