Japanese Nippon Steel Corporation announced consolidated financial and operating results for the first nine months ended December 31 of the 2025-26 fiscal year.
In the period, the company recorded a net loss of 20.81 billion yen ($132.35 million), compared with a net profit of 386.39 billion yen in the same period last year, in while its net sales were 7.26 trillion yen ($46.17 billion), up 10.7% from net sales of 6.55 trillion yen in the nine months of the previous fiscal year. In addition, Nippon Steel reported an operating profit of 107.05 billion yen ($680.93 million) for the April-December period, compared with an operating profit of 566.13 billion yen recorded in the same period of fiscal year 2024-25.
Meanwhile, in the nine months of this fiscal year, the company produced 36.61 million tons of steel, up 23.3 percent, and shipments of steel products totaled 23.31 million tons, down 2.4 percent year-on-year.
Nippon Steel expects its crude steel production to be about 50 million tons and sales revenue to be 10 trillion yen in the full fiscal year.
Global steel market conditions remained challenging in 2025 as demand in most manufacturing and construction sectors weakened both in Japan and internationally, the company said. The slowdown in China's economy has led to
