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54012026 Full YearPrimeIFRS

NIPPON STEEL (5401) FY2026 FY Earnings Report

For FY2026 FY, revenue came to ¥10.1T (+15.7% year on year) and operating income ¥242.9B (-55.7%). The segment drivers and cash flow follow.

Steel & Nonferrous Metals/Iron & Steel


Financial Highlights

  • Net Sales: ¥10.06T
  • Operating Income: ¥242.90B
  • Net Income: ¥44.75B
  • EPS: ¥3.28

Income Statement

ItemCurrentPriorYoY %
Net Sales¥10.06T¥8.70T+15.7%
Cost of Sales¥8.62T¥7.32T+17.7%
Gross Profit¥1.44T¥1.37T+5.3%
SG&A Expenses¥993.97B¥815.82B+21.8%
Operating Income¥242.90B¥547.96B−55.7%
Equity Method Investment Income¥85.41B¥126.90B−32.7%
Profit Before Tax¥172.81B¥524.38B−67.0%
Income Tax Expense¥128.06B¥141.41B−9.4%
Net Income¥44.75B¥382.97B−88.3%
Net Income Attributable to Owners¥17.16B¥350.23B−95.1%
Total Comprehensive Income¥358.60B¥491.61B−27.1%
Basic EPS¥3.28¥70.18−95.3%
Diluted EPS¥3.28¥67.03−95.1%
Total Dividend Paid¥125.59B¥167.41B−25.0%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥5.29T¥4.55T+¥741.07B
Accounts Receivable¥1.77T¥1.43T+¥337.79B
Inventories¥2.78T¥2.20T+¥576.92B
Non-current Assets¥9.37T¥6.39T+¥2.98T
Property, Plant & Equipment¥5.90T¥3.64T+¥2.26T
Intangible Assets¥832.80B¥263.23B+¥569.57B
Goodwill¥259.75B¥71.64B+¥188.11B
Total Assets¥14.66T¥10.94T+¥3.72T
Accounts Payable¥2.34T¥1.67T+¥668.76B
Non-current Liabilities¥5.66T¥2.70T+¥2.96T
Total Liabilities¥8.64T¥5.04T+¥3.60T
Total Equity¥6.02T¥5.90T+¥121.18B
Capital Stock¥569.52B¥569.52B¥0
Capital Surplus¥588.01B¥578.46B+¥9.55B
Retained Earnings¥3.75T¥3.82T−¥67.78B
Treasury Stock−¥59.02B−¥58.24B−¥787M
Shareholders' Equity¥5.53T¥5.38T+¥147.14B
Equity Ratio37.7%49.2%−11.5%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥716.94B¥978.59B−¥261.65B
Investing Cash Flow−¥2.84T−¥462.43B−¥2.37T
Financing Cash Flow¥1.89T−¥313.33B+¥2.20T
Cash and Cash Equivalents¥461.26B¥672.53B−¥211.26B
Free Cash Flow−¥2.12T--

Profitability Ratios

ItemValue
ROE0.3%
ROA (Ordinary Income)1.3%
Payout Ratio7.3%
Dividend on Equity (DOE)2.3%
Book Value Per Share¥1,058.19
Net Profit Margin0.2%
Gross Profit Margin14.4%
Debt-to-Equity Ratio1.43x
Effective Tax Rate74.1%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+15.7%
Operating Income YoY Change−55.7%
Ordinary Income YoY Change−39.5%
Profit Before Tax YoY Change−67.0%
Net Income YoY Change−88.3%
Net Income Attributable to Owners YoY Change−95.1%
Total Comprehensive Income YoY Change−27.1%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)5.37B shares
Treasury Stock147.34M shares
Average Shares Outstanding5.23B shares
Book Value Per Share¥1,152.74

Dividend Information

ItemAmount
Q2 Dividend¥60.00
Year-End Dividend¥12.00

Segment Information

SegmentRevenueOperating IncomeAssets
ChemicalsAndMaterials¥239.84B¥21.95B¥260.92B
Engineering¥357.52B¥23.11B¥367.72B
SteelManufacturing¥9.17T¥439.96B¥13.77T
SystemSolution¥292.64B¥43.31B¥409.09B

※ セグメント利益の測定基礎: business

Full Year Forecast

ItemForecast
Net Sales Forecast¥11.00T
Ordinary Income Forecast¥120.00B
Net Income Forecast¥70.00B
Net Income Attributable to Owners Forecast¥220.00B
Basic EPS Forecast¥42.00
Dividend Per Share Forecast¥24.00