NIPPON STEEL CORPORATION [5401.T]
TOKYO, Apr 27 (Pulse News Wire) – NIPPON STEEL CORPORATION (5401.T) disclosed today that its subsidiary, Nippon Steel Solutions, reported significant differences in individual performance figures for the fiscal year ended March 31, 2026, compared to the previous fiscal year. For the fiscal year ending March 31, 2026 (April 1, 2025 to March 31, 2026), revenue increased to ¥301.341 billion from ¥148.997 billion in the prior fiscal year (April 1, 2024 to March 31, 2025).
Operating profit decreased slightly to ¥28.803 billion from ¥29.145 billion, while ordinary profit fell to ¥33.091 billion from ¥74.118 billion. However, net profit declined sharply to ¥24.838 billion from ¥74.118 billion, marking a reduction of 49,280 million yen.
The sharp decline in net profit was attributed to the recognition of extraordinary gains from the sale of all shares held in Recruit Holdings Co., Ltd. during the previous fiscal year, leading to a substantial decrease in profits compared to the same period last year.
Despite this, the impact on Nippon Steel Corporation's consolidated results remains minor.
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