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NIPPON STEEL, Net Income Forecast for the Fiscal Year Revised Downward to a Loss

Fri Aug 1, 2025 3:30 pm JST Earnings

5401 NIPPON STEEL CORPORATION 【IFRS】

Earnings Report

NIPPON STEEL CORPORATION <5401> [TSE Prime] announced its financial results (based on IFRS) after the market closed on August 1st (15:30). The consolidated net income/loss for the first quarter of the fiscal year ending March 2026 (April to June) turned into a loss of 195 billion yen (compared to a profit of 157 billion yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 200 billion yen to a loss of 40.0 billion yen (compared to a profit of 350 billion yen in the previous period), turning to a loss outlook.

At the same time, The previously undisclosed forecast for the first half (April to September) shows that consolidated net income/loss will turn into a deficit of loss of 170 billion yen (compared to a profit of 243 billion yen in the same period last year).

In addition, due to a planned 5-for-1 forward stock split is scheduled for September 30, the the annual dividend has been revised from the original plan of 120 yen to 72 yen (equivalent to 120 yen before the forward stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from April to June (1Q), the operating profit/loss margin drastically worsened from 10.8% in the same period last year to -6.9%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 2,199,786 248,700 244,793 177,064 38.5 58.8 Aug 4, 2023 IFRS
Apr - Jun, 2024 2,191,509 236,977 231,549 157,559 33.9 63.6 Aug 1, 2024 IFRS
Apr - Jun, 2025 2,008,749 -139,559 -145,193 -195,833 -37.5 ー Aug 1, 2025 IFRS
YoY -8.3% － － － －

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev ー ー ー ー － 12 May 9, 2025 IFRS
Apr - Sep, 2025 New 4,500,000 ー ー -170,000 -32.5 12 Aug 1, 2025 IFRS
Revision Rate － － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev ー ー ー 200,000 38.3 24 May 9, 2025 IFRS
Mar, 2026 New 10,000,000 ー ー -40,000 -7.7 24 Aug 1, 2025 IFRS
Revision Rate － － － － －

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 4,379,735 375,753 364,254 243,347 50.8 16 Nov 7, 2024 IFRS
Apr - Sep, 2025 Guidance 4,500,000 ー ー -170,000 -32.5 12 Aug 1, 2025 IFRS
YoY +2.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,868,097 778,662 763,972 549,372 119.3 32 May 9, 2024 IFRS
Mar, 2025 8,695,526 547,960 524,377 350,227 70.2 32 May 9, 2025 IFRS
Mar, 2026 Guidance 10,000,000 ー ー -40,000 -7.7 24 Aug 1, 2025 IFRS
YoY +15.0% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 2,191,509 236,977 231,549 157,559 33.9 10.8 Aug 1, 2024 IFRS
Jul - Sep, 2024 2,188,226 138,776 132,705 85,788 17.9 6.3 Nov 7, 2024 IFRS
Oct - Dec, 2024 2,172,763 190,372 183,759 118,730 24.1 8.8 Feb 6, 2025 IFRS
Jan - Mar, 2025 2,143,028 -18,165 -23,636 -11,850 -2.4 -0.8 May 9, 2025 IFRS
Apr - Jun, 2025 2,008,749 -139,559 -145,193 -195,833 -37.5 -6.9 Aug 1, 2025 IFRS
YoY -8.3% － － － －

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