Nippon Steel Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the period, the company expects total equity attributable to owners of the parent to be JPY 10,000,000 million, Loss attributable to owners of parent of JPY 60,000 million and basic loss per share of JPY 11 per share as previously announced total equity attributable to owners of the parent to be JPY 10,000,000 million, Loss attributable to owners of parent of JPY 40,000 million and basic loss per share of JPY 8 per share. Compared with the previous consolidated forecast, although there have been further improvements in profitability mainly
through cost reductions, the company has revised its profit forecast for United States Steel Corporation due to high market uncertainties in the U.S. Additionally, the company expects to recognize losses on reorganization associated with the transfer of its equity interests in Usinas Siderúrgicas de Minas Gerais S. A. -Usiminas. As a result, the Company forecasts a consolidated profit attributable to owners of the parent of (60.0) billion yen for the full year ending March 31, 2026.
Nippon Steel Corp is a Japan-based company mainly engaged in the steel manufacturing business, engineering business, chemical & material business and system solution business. The Company operates through four business segments. The Steel Manufacturing segment is engaged in the manufacture and sale of steel products. The Engineering segment is engaged in the manufacture and sale of industrial machinery and equipment, steel structures, contracting of construction work, waste treatment and reclamation, and supply of electricity, gas, heat. The Chemical and Materials segment manufactures and sells coal chemical products, petrochemical products, electronic materials, semiconductor and electronic component materials and components, carbon fiber and composite materials, and fabricated metal products. The System Solution segment provides engineering and consulting services related to computer systems, outsourcing services using information technology, and various other services.
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