)
Visual21 Nov 2025
Data center suppliers
Nippon Steel (5401) investor relations material
Nippon Steel Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary5 Nov, 2025
Executive summary
Operating in a challenging global steel environment with high U.S. tariffs, weak demand from increased Chinese exports, and uncertainty in U.S.-China negotiations.
Strategic cost optimization and asset streamlining improved profitability, with Underlying BP (excluding U.S. Steel) raised by ¥30.0 bn to ¥680.0 bn.
U.S. Steel's contribution excluded from FY2025 due to market weakness and one-off costs, but strategic investments and technology transfer are underway for future recovery.
Revenue for the six months ended September 30, 2025, rose 5.8% year-over-year to ¥4,635,647 million, but profit attributable to owners of the parent fell to a loss of ¥113,380 million from a profit of ¥243,347 million a year earlier.
The period included the completion of the acquisition of United States Steel Corporation, significantly expanding global operations.
Financial highlights
FY2025 revenue forecast at ¥10,000.0 bn, up ¥1,304.5 bn year-over-year.
Underlying BP (excluding U.S. Steel) forecast at ¥680.0 bn, up ¥30.0 bn from previous guidance.
Net profit forecast at ¥200.0 bn, with a ¥21.0 bn loss from Usiminas withdrawal and other one-off effects.
Business profit dropped 39.4% year-over-year to ¥227,533 million.
Basic and diluted earnings per share were negative at ¥(21.69), reflecting the net loss.
Outlook and guidance
Full-year revenue forecast is ¥10,000,000 million, up 15% year-over-year.
Business profit is projected at ¥450,000 million, down 34.1% year-over-year.
FY2025 dividend set at ¥120/share pre-split (¥24/share post-split), with a 5-year payout ratio of ~30%.
U.S. Steel expected to recover in FY2026, driven by capital investments, technology upgrades, and market recovery.
Profit attributable to owners of the parent is forecast at a loss of ¥60,000 million, with basic EPS of ¥(11.00).
Breakdown of reorganization losses
U.S. Steel acquisition's debt impact
Rationale for dividend with forecast loss
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Nippon Steel earnings date
Q3 20265 Feb, 2026
Next Nippon Steel earnings date
Q3 20265 Feb, 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