Nippon Steel posts 147bn yen extraordinary gain, forecasts loss

Nippon Steel recognized extraordinary income of 147.2 billion yen from absorbing Nippon Steel Stainless Steel Corporation. The company revised its full-year revenue forecast to 10,000 billion yen with 480 billion yen business profit, but expects a 40 billion yen net loss due to harsh business conditions and U.S. Steel transaction impacts.

The steelmaker announced a 5-for-1 stock split effective October 2025 and plans a tender offer for Krosaki Harima Corporation at 4,200 yen per share.