Nippon Steel announced on 11 May 2026 that its net sales for the 2025/2026 fiscal year reached ¥10 trillion (USD 63.7 billion), a record high driven by the integration of US Steel. Revenue rose 15.7 percent year-on-year.
However, net profit plunged 88 percent to ¥44.75 billion (USD 283 million), down from ¥383 billion a year earlier. The company attributed the sharp decline primarily to costs associated with the US Steel acquisition.
Total steel production increased 27.5 percent to 50.5 million tonnes.
Looking ahead to fiscal year 2026/2027, Nippon Steel forecasts net profit of ¥220 billion on revenue of ¥11 trillion.
Why it matters for green steel: Profit compression from the US Steel deal pressures Nippon Steel’s announced timeline for low-emission DRI investments at Granite City and Big River, key North American green-steel anchors.