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FY profit down 36% YoY
Outperformed market projections
Focus remains on green tech and steady domestic demand
Japan’s largest steelmaker Nippon Steel Corp. reported a 36% drop in annual profit for the financial year ended March 2025, mainly due to weaker global steel demand and rising raw material costs. Despite the decline, the company’s results beat market expectations, offering a sense of resilience in a challenging market environment.
The company posted a net profit of ¥420 billion ($2.7 billion), down from ¥655 billion a year earlier. Analysts had anticipated a sharper fall, but stronger-than-expected domestic infrastructure demand and improved cost management cushioned the impact.
Nippon Steel noted that sluggish demand from China and inflationary pressure on coking coal and iron ore prices were key factors behind the earnings slide. However, strategic cost-cutting initiatives and stable shipments to automotive and construction sectors helped soften the blow.
The steelmaker reaffirmed its focus on sustainability, announcing further investments in low-carbon steelmaking technologies and renewable energy partnerships. The firm maintained a cautious outlook for FY2025, citing global economic uncertainties and volatile raw material prices.
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