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NIPPON STEEL, 43% Decrease in Net Income for The Current Fiscal Year, Dividend to Cut by 40 yen

Fri May 9, 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 May 9th (15:30). The consolidated net income for the fiscal year ending March 2025 decreased 36.2% from the previous period to 350 billion yen. For the fiscal year ending March 2026, the consolidated net income is expected to drop by 42.9% from the previous period to 200 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company has decided to reduce the dividend this fiscal year to 120 yen, a decrease of 40 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated net income/loss turned to a loss of 11.8 billion yen (compared to a profit of 108 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 7.2% in the same period last year to -0.8%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,975,586 883,646 866,849 694,016 753.7 180 May 10, 2023 IFRS
Mar, 2024 8,868,097 778,662 763,972 549,372 596.6 160 May 9, 2024 IFRS
Mar, 2025 8,695,526 547,960 524,377 350,227 350.9 160 May 9, 2025 IFRS
YoY -1.9% -29.6% -31.4% -36.2% -41.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 8,600,000 ー ー 310,000 296.6 160 Nov 7, 2024 IFRS
Mar, 2025 Results 8,695,526 547,960 524,377 350,227 350.9 160 May 9, 2025 IFRS
Revision Rate +1.1% － － +13.0% +18.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 4,379,735 375,753 364,254 243,347 254.1 80 Nov 7, 2024 IFRS
Apr - Sep, 2025 Guidance ー ー ー ー － 60 May 9, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,868,097 778,662 763,972 549,372 596.6 160 May 9, 2024 IFRS
Mar, 2025 8,695,526 547,960 524,377 350,227 350.9 160 May 9, 2025 IFRS
Mar, 2026 Guidance ー ー ー 200,000 191.3 120 May 9, 2025 IFRS
YoY － － － -42.9% -45.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,226,281 159,979 155,887 108,458 117.8 7.2 May 9, 2024 IFRS
Apr - Jun, 2024 2,191,509 236,977 231,549 157,559 169.3 10.8 Aug 1, 2024 IFRS
Jul - Sep, 2024 2,188,226 138,776 132,705 85,788 89.6 6.3 Nov 7, 2024 IFRS
Oct - Dec, 2024 2,172,763 190,372 183,759 118,730 120.7 8.8 Feb 6, 2025 IFRS
Jan - Mar, 2025 2,143,028 -18,165 -23,636 -11,850 -11.9 -0.8 May 9, 2025 IFRS
YoY -3.7% － － － －

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