#NipponSteel

The projected development cost for the Alqueros Mine Development Project has increased to USD 486 million. Operating cost forecasts have changed to C1: 131¢/lb and C3: 318¢/lb, and production start has been delayed to July-September 2026.

Acquisition of up to 5,000,000 shares of treasury stock (6.3% of total issued shares) for a maximum amount of 10 billion yen from April 1, 2026, to January 29, 2027. The acquired shares are scheduled to be cancelled on March 31, 2027.

Nippon Steel Corporation will issue 300 billion yen each of Euro-Yen denominated convertible bonds with stock acquisition rights maturing in 2029 and 2031, with an expected potential stock dilution rate of 15.63%.

On March 11, 2026, Nippon Steel Corporation decided to dispose of 3,130,300 treasury shares at 673.9 yen per share, totaling 2,109,509,170 yen, transferring them to a trust for the performance-linked stock compensation plan.

Nippon Steel plans to issue a total of 550 billion yen in convertible bonds with warrants maturing in 2029 and 2031. The raised funds will be allocated to repay the bridge loan for the acquisition of US Steel, aiming to reinforce the financial structure.

For the third quarter of the fiscal year ending March 2026, revenue was ¥7,256.323 billion (up 10.7% YoY), operating income was ¥107.051 billion (down 81.1% YoY), and net income attributable to owners of the parent was a loss of ¥45.002 billion.

Candidates for directors and Audit and Supervisory Committee members to be submitted to the 102nd Annual General Meeting of Shareholders scheduled for late June 2026 have been decided. The Board of Directors will formally decide on the selection of executive directors and the division of duties after the meeting. The appointment and division of duties of executive officers were also...

Net sales for the third quarter of the fiscal year ending March 2026 were JPY 151.018 billion (3.7% Year-over-Year increase), operating income was JPY 13.486 billion (53.2% Year-over-Year increase), and net income attributable to owners of parent was JPY 9.288 billion (12.0% Year-over-Year increase).

In FY2025 Q3, net sales were 151 billion yen, operating income was 13.4 billion yen, and net income attributable to owners of parent was 9.2 billion yen, all increasing year-over-year. Earnings guidance was also revised upward with net sales of 205 billion yen and operating income of 16.5 billion yen.

The consolidated earnings guidance for the fiscal year ending March 2026 has been revised upwards to net sales of JPY 205,000 million (4.6% increase from previous forecast), operating income of JPY 16,500 million (18.7% increase), and net income attributable to owners of parent of JPY 10,500 million (10.5% increase). The year-end dividend has also been raised to JPY 30 (post-stock...

For the third quarter of the fiscal year ending March 2026, revenue was 7,256.32 billion yen (up 10.7% YoY), operating income was 107.05 billion yen (down 81.1% YoY), and net income attributable to owners of the parent was a loss of 45.00 billion yen.

For the third quarter of fiscal 2025, consolidated revenue was 7,256.3 billion yen, operating income was 356.1 billion yen, and net income attributable to owners of parent was a loss of 45 billion yen. The full-year forecast for fiscal 2025 projects revenue of 10 trillion yen, operating income of 420 billion yen, and net loss of 70 billion yen.