Balance Sheet Nippon Steel Corporation

Equities

5401

JP3381000003

Iron & Steel

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-13 EDT			5-day change	1st Jan Change
3,001.00 ^JPY	+0.15%		-2.63%	-7.09%

09-14	Japan, US face shared challenge from cheap China steel, Japan PM hopeful says	RE
09-13	Materials Up as Dollar Weakens -- Materials Roundup	DJ

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Published financial data: NIPPON STEEL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	5,922B	4,829B	6,809B	7,976B	8,868B
Total Revenues	5,922B	4,829B	6,809B	7,976B	8,868B
Cost of Goods Sold, Total	5,312B	4,264B	5,587B	6,682B	7,481B
Gross Profit	609B	565B	1,222B	1,294B	1,387B
Selling General & Admin Expenses, Total	499B	399B	470B	579B	639B
R&D Expenses	63.15B	52.67B	54.55B	-	60.67B
Depreciation & Amortization - (IS)	9.89B	17.09B	19.77B	-	30.86B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-6.02B	4.77B	-26.85B	-99.71B	-20.1B
Other Operating Expenses, Total	566B	474B	518B	480B	710B
Operating Income	43.39B	91.43B	704B	814B	676B
Interest Expense, Total	-21.81B	-22.3B	-21.77B	-20.92B	-30.5B
Interest And Investment Income	7.7B	5.36B	1.92B	22.67B	21.54B
Net Interest Expenses	-14.11B	-16.94B	-19.85B	1.75B	-8.96B
Income (Loss) On Equity Invest.	38.4B	55.22B	214B	103B	144B
Currency Exchange Gains (Loss)	-894M	-3.04B	21.04B	40.02B	50.84B
Other Non Operating Income (Expenses)	-3.34B	-3.1B	-4.47B	-3.94B	-5.73B
EBT, Excl. Unusual Items	63.44B	124B	915B	955B	857B
Restructuring Charges	-122B	-98.66B	-97.23B	-32.81B	-91B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	36.52B
Gain (Loss) On Sale Of Assets	-31.34B	-33.56B	20.42B	-33.45B	-38.5B
Asset Writedown	-334B	-	-21.5B	-21.5B	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-424B	-8.66B	817B	867B	764B
Income Tax Expense	2.55B	10.67B	149B	128B	176B
Earnings From Continuing Operations	-426B	-19.33B	668B	739B	588B
Net Income to Company	-426B	-19.33B	668B	739B	588B
Minority Interest	-5.39B	-13.1B	-30.21B	-44.72B	-38.53B
Net Income - (IS)	-432B	-32.43B	637B	694B	549B
Net Income to Common Incl Extra Items	-432B	-32.43B	637B	694B	549B
Net Income to Common Excl. Extra Items	-432B	-32.43B	637B	694B	549B
Per Share Items
Net EPS - Basic	-468.74	-35.22	692.16	753.66	596.6
Basic EPS - Continuing Operations	-468.74	-35.22	692.16	753.66	596.6
Basic Weighted Average Shares Outstanding	921M	921M	921M	921M	921M
Net EPS - Diluted	-468.74	-35.22	657.48	671.89	527.96
Diluted EPS - Continuing Operations	-468.74	-35.22	657.48	671.89	527.96
Diluted Weighted Average Shares Outstanding	921M	921M	969M	1.03B	1.04B
Normalized Basic EPS	37.21	69.65	588.2	599.35	539.79
Normalized Diluted EPS	37.21	69.65	558.74	534.32	477.69
Dividend Per Share	10	10	160	180	160
Payout Ratio	-10.68	-	11.57	23.91	27.69
American Depositary Receipts Ratio (ADR)	0.33	0.33	0.33	0.33	0.33
Supplemental Items
EBITDA	461B	382B	1,034B	1,108B	1,039B
EBITA	43.39B	91.43B	704B	819B	676B
EBIT	43.39B	91.43B	704B	814B	676B
Effective Tax Rate - (Ratio)	-0.6	-123.28	18.25	14.78	23.05
Total Current Taxes	-	-	-	133B	-
Total Deferred Taxes	-	-	-	-4.99B	-
Normalized Net Income	34.26B	64.13B	542B	552B	497B
Non-Cash Pension Expense	7.72B	-50.43B	5.3B	-	10.94B
Supplemental Operating Expense Items
Selling and Marketing Expenses	156B	129B	161B	-	211B
Research And Development Expense From Footnotes	77.6B	65.3B	66.4B	70.56B	72.7B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	289B	359B	551B	670B	449B
Short Term Investments	-	-	-	17.55B	-
Total Cash And Short Term Investments	289B	359B	551B	688B	449B
Accounts Receivable, Total	827B	805B	939B	904B	1,588B
Other Receivables	-	-	-	159B	-
Total Receivables	827B	805B	939B	1,062B	1,588B
Inventory	1,532B	1,349B	1,757B	2,086B	2,277B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	137B	159B	268B	234B	247B
Total Current Assets	2,785B	2,673B	3,515B	4,071B	4,560B
Gross Property Plant And Equipment	-	-	-	13,534B	-
Accumulated Depreciation	-	-	-	-10,267B	-
Net Property Plant And Equipment	2,906B	3,043B	3,131B	3,268B	3,481B
Long-term Investments	1,425B	1,562B	1,757B	1,726B	2,349B
Goodwill	45.49B	46.34B	61.74B	65.06B	70.21B
Other Intangibles, Total	96.68B	95.83B	130B	157B	178B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	186B	153B	158B	136B	75.89B
Other Long-Term Assets, Total	3M	4M	5M	144B	5M
Total Assets	7,445B	7,574B	8,752B	9,567B	10,715B
Liabilities
Accounts Payable, Total	1,450B	1,383B	1,527B	758B	1,891B
Short-term Borrowings	236B	106B	123B	158B	156B
Current Portion of Long-Term Debt	119B	180B	201B	225B	363B
Current Portion of Leases	22.26B	22.68B	20.26B	19.86B	22.59B
Current Income Taxes Payable	27.32B	24.26B	110B	51.92B	80.27B
Other Current Liabilities	41.17B	55.33B	37.9B	880B	69.39B
Total Current Liabilities	1,895B	1,771B	2,019B	2,094B	2,582B
Long-Term Debt	2,038B	2,181B	2,249B	2,230B	2,089B
Long-Term Leases	74.14B	68.79B	60.78B	66.62B	80.91B
Pension & Other Post Retirement Benefits	237B	189B	188B	209B	116B
Deferred Tax Liability Non Current	27.76B	37.38B	39.8B	37.68B	141B
Other Non Current Liabilities	177B	194B	299B	284B	350B
Total Liabilities	4,448B	4,443B	4,855B	4,921B	5,359B
Common Stock, Total	420B	420B	420B	420B	420B
Additional Paid In Capital	394B	393B	394B	399B	399B
Retained Earnings	1,871B	1,910B	2,515B	3,079B	3,526B
Treasury Stock	-58.5B	-58.34B	-57.98B	-58.05B	-58.15B
Comprehensive Income and Other	15.25B	95.31B	197B	341B	492B
Total Common Equity	2,642B	2,760B	3,467B	4,181B	4,778B
Minority Interest	355B	371B	430B	465B	578B
Total Equity	2,997B	3,131B	3,897B	4,646B	5,356B
Total Liabilities And Equity	7,445B	7,574B	8,752B	9,567B	10,715B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	921M	921M	921M	921M	921M
ECS Total Common Shares Outstanding	921M	921M	921M	921M	921M
Book Value / Share	2.87K	3K	3.76K	4.54K	5.19K
Tangible Book Value	2,499B	2,618B	3,275B	3,959B	4,530B
Tangible Book Value Per Share	2.71K	2.84K	3.56K	4.3K	4.92K
Total Debt	2,489B	2,559B	2,653B	2,699B	2,712B
Net Debt	2,199B	2,200B	2,102B	2,011B	2,263B
Debt Equivalent of Unfunded Proj. Benefit Obligation	178B	79.06B	64.79B	60.81B	-50.54B
Minority Interest, Total (Incl. Fin. Div)	355B	371B	430B	465B	578B
Equity Method Investments, Total	878B	817B	1,079B	1,211B	1,538B
Account Code - Inventory Valuation	-	-	-	6	-
Inventories - Raw Materials, Total	631B	585B	749B	894B	934B
Inventories - Work In Process, Total	78.06B	75.01B	77.98B	83.61B	98.22B
Inventories - Finished Goods, Total	823B	690B	930B	1,108B	1,244B
Inventories - Others	-	-	2M	-	2M
Land - (BS)	-	-	-	710B	-
Buildings, Total	-	-	-	2,900B	-
Machinery, Total	-	-	-	9,568B	-
Full Time Employees	107K	106K	107K	-	114K
Accumulated Allowance for Doubtful Accounts (Supple)	1.46B	1.72B	1.55B	1.97B	2.32B
Order Backlog	462B	430B	521B	-	544B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-424B	-8.66B	817B	694B	764B
Depreciation & Amortization - CF	417B	291B	331B	312B	363B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	4.98B	-
Depreciation & Amortization, Total	417B	291B	331B	317B	363B
Amortization of Deferred Charges, Total - (CF)	-	-	-	22.94B	-
(Gain) Loss From Sale Of Asset	328B	-	21.5B	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	32.81B	-
(Income) Loss On Equity Investments - (CF)	-38.4B	-55.22B	-214B	-103B	-144B
Other Operating Activities, Total	-28.06B	17.45B	-36.8B	30.08B	-54.8B
Change In Accounts Receivable	158B	-26.78B	-116B	-81.8B	50.13B
Change In Inventories	13.86B	171B	-383B	-310B	68.62B
Change In Accounts Payable	-153B	-66.32B	211B	58.43B	-53.63B
Change in Other Net Operating Assets	221B	80.47B	-13.46B	-	17.2B
Cash from Operations	494B	403B	616B	661B	1,010B
Capital Expenditure	-461B	-460B	-467B	-470B	-466B
Sale of Property, Plant, and Equipment	13.28B	21.75B	70.25B	15.48B	12.38B
Cash Acquisitions	-112B	-8.05B	-53.01B	-5.1B	-292B
Divestitures	12.4B	22B	-2.27B	-	19.67B
Investment in Marketable and Equity Securities, Total	190B	33.71B	72.45B	86.95B	13.51B
Net (Increase) Decrease in Loans Originated / Sold - Investing	12.57B	-616M	-2.09B	-	-2.57B
Other Investing Activities, Total	-1.16B	1.97B	2.71B	6.11B	5.1B
Cash from Investing	-346B	-389B	-379B	-367B	-711B
Short Term Debt Issued, Total	-	-	11.11B	27.24B	-
Long-Term Debt Issued, Total	424B	650B	320B	200B	85.22B
Total Debt Issued	424B	650B	331B	228B	85.22B
Short Term Debt Repaid, Total	-89.45B	-134B	-	-	-326B
Long-Term Debt Repaid, Total	-272B	-471B	-267B	-228B	-272B
Total Debt Repaid	-361B	-604B	-267B	-228B	-598B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-43M	-30M	-59M	-58M	-73M
Common Dividends Paid	-	-	-	-166B	-
Common & Preferred Stock Dividends Paid	-46.1B	-	-73.76B	-	-152B
Common & Preferred Stock Dividends Paid	-46.1B	-	-73.76B	-166B	-152B
Other Financing Activities, Total	-30.93B	6.78B	-51.44B	-31.25B	121B
Cash from Financing	-14.58B	52.69B	-61.3B	-198B	-544B
Foreign Exchange Rate Adjustments	-7.84B	3.16B	16.12B	22.32B	22.92B
Miscellaneous Cash Flow Adjustments	-	1M	-1M	-	-
Net Change in Cash	126B	70.01B	192B	119B	-222B
Supplemental Items
Cash Interest Paid	21.91B	21.73B	21.9B	21.58B	30.56B
Cash Income Tax Paid (Refund)	92.51B	26.73B	86.01B	214B	127B
Levered Free Cash Flow	-8.94B	605M	-148B	-58.35B	-78.94B
Unlevered Free Cash Flow	4.69B	14.54B	-135B	-45.27B	-59.87B
Change In Net Working Capital	-20.79B	-126B	438B	424B	379B
Net Debt Issued / Repaid	62.49B	45.94B	63.96B	-396M	-512B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.35	0.76	5.39	5.55	4.17
Return on Total Capital	0.47	1.02	7.19	7.32	5.49
Return On Equity %	-12.9	-0.63	19	17.29	11.76
Return on Common Equity	-14.7	-1.2	20.47	18.15	12.26
Margin Analysis
Gross Profit Margin %	10.29	11.71	17.94	16.22	15.64
SG&A Margin	8.42	8.27	6.91	7.26	7.2
EBITDA Margin %	7.78	7.92	15.19	13.89	11.72
EBITA Margin %	0.73	1.89	10.33	10.27	7.63
EBIT Margin %	0.73	1.89	10.33	10.2	7.63
Income From Continuing Operations Margin %	-7.2	-0.4	9.8	9.26	6.63
Net Income Margin %	-7.29	-0.67	9.36	8.7	6.19
Net Avail. For Common Margin %	-7.29	-0.67	9.36	8.7	6.19
Normalized Net Income Margin	0.58	1.33	7.95	6.92	5.6
Levered Free Cash Flow Margin	-0.15	0.01	-2.18	-0.73	-0.89
Unlevered Free Cash Flow Margin	0.08	0.3	-1.98	-0.57	-0.68
Asset Turnover
Asset Turnover	0.76	0.64	0.83	0.87	0.87
Fixed Assets Turnover	1.92	1.62	2.21	2.49	2.63
Receivables Turnover (Average Receivables)	7.11