Nippon Steel Raises FY26 Profit Forecast
Nippon Steel raised its fiscal 2026 net profit forecast to 440 billion yen. The upgrade is driven by robust earnings from its US Steel business and favorable market conditions.
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NIPPON STEEL CORP raised its fiscal 2026 net profit forecast by 52% to 440 billion yen ($2.8B) on Thursday morning, driven by stronger earnings from its United States operations. The upward revision follows an earlier August estimate of 290 billion yen and contrasts with a net profit of 17 billion yen recorded in fiscal 2025. The results underscore a sharp recovery for Japan's largest steelmaker following its major international expansion.
