[SMM Steel] Nippon Steel FY2025-26 profit drops sharply despite higher sales

Published: May 14, 2026 15:49

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[SMM Steel] Nippon Steel reported FY2025-26 net profit of JPY44.75 billion, down sharply from JPY382.97 billion a year earlier, while sales rose 15.7% YoY to JPY10.06 trillion. Operating profit fell 55.7% YoY to JPY242.9 billion. Crude steel output increased 27.5% YoY to 50.48 million mt, while shipments declined 1.5% YoY to 31.16 million mt. The company warned that weak global steel demand, rising low-priced Chinese exports, trade protectionism, and Middle East geopolitical risks could continue pressuring earnings.

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