Overview
Iron and Steel

NIPPON STEEL CORPORATION

Nippon Steel Corporation is one of the world's largest steel manufacturers, producing a comprehensive range of steel products including sections, steel plates, steel pipes, special steels, and secondary steel products for industries such as automotive, construction, infrastructure, and energy. The company operates across four business segments: Steelmaking, Engineering, Chemicals & Materials, and System Solutions, with a global crude steel production capacity of 82 million tonnes. Nippon Steel differentiates itself through world-leading technologies, including its GX Steel brand 'NSCarbolex' targeting carbon neutrality, and a broad global footprint supported by approximately 530 group companies.

Market Cap
¥3,418B
US$21.8B
EV
¥8,629B
US$55.0B
Stock¥654▼-2.07%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.4
x
LTM EV/EBIT
15.4
x
LTM PER
11.9
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.6%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26Individual decline from US Steel deal block
2Feb 25, 26Individual decline on US Steel deal issues
MC → EV Bridge
3,418BUS$21.8BMarket Cap5,516BUS$35.2B+ Debt490BUS$3.12B− Cash300BUS$1.92B− Inv. Sec.485BUS$3.09B+ NCI8,629BUS$55.0BEV
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Performance & Balance
Revenue 5Y (¥B)
6,809US$43.4B'22/37,976US$50.9B'23/38,868US$56.6B'24/38,696US$55.5B'25/310,063US$64.2B'26/3
EBITDA 5Y (¥B)
1,172US$7.47B'22/31,224US$7.80B'23/31,142US$7.28B'24/3933US$5.95B'25/3817US$5.21B'26/3
Net Income 5Y (¥B)
637US$4.06B'22/3694US$4.43B'23/3549US$3.50B'24/3350US$2.23B'25/317.2US$109M'26/3
Capital Structure
51%
49%
EquityD/E 0.98xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
551US$3.51B2,356US$15.0B'22/3670US$4.28B2,305US$14.7B'23/3449US$2.86B2,156US$13.8B'24/3673US$4.29B2,507US$16.0B'25/3461US$2.94B5,174US$33.0B'26/3
Shareholders
Top 10 hold 29.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.90%
2
Custody Bank of Japan, Ltd. (Trust Account)
4.00%
3
THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
1.90%
4
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
1.80%
5
JP MORGAN CHASE BANK 385642 (Standing Proxy: Mizuho Bank, Ltd.)
1.80%
6
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.40%
7
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.40%
8
NIPPON STEEL CORPORATION Employee Stock Ownership Association
1.30%
9
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
1.30%
10
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
1.10%
Management
15 officers
Eiji HASHIMOTO
Representative Director, Chairman and CEO
Apr 1979 Joined Nippon Steel Corporation Apr 2009 Executive Officer, General Manager of Heavy Plate Business Division and General Manager of Construction Materials Business Division, Nippon Steel Corporation Apr 2011 Executive Officer, Nippon Steel Corporation Oct 2012 Executive Officer, the Company Apr 2013 Managing Executive Officer, the Company Jul 2015 Managing Executive Officer, Deputy General Manager of Global Business Development Headquarters, and Usiminas Project Leader, the Company Apr 2016 Senior Managing Executive Officer, General Manager of Global Business Development Headquarters, the Company Jun 2016 Representative Director, Executive Vice President, General Manager of Global Business Development Headquarters, the Company Apr 2019 Representative Director, President, the Company Apr 2024 Representative Director, Chairman and CEO, the Company (current)
1955-12-07
Tadashi IMAI
Representative Director, President and COO
Apr 1988 Joined Nippon Steel Corporation Apr 2016 Executive Officer, General Manager of Nagoya Works, the Company Apr 2019 Managing Executive Officer, the Company Jun 2020 Senior Managing Director, the Company Apr 2021 Senior Managing Director, Sub-Leader of Zero-Carbon Steel Project and Sub-Leader of Next-Generation Hot Rolling Project, the Company Feb 2022 Senior Managing Director, Project Leader of Thailand Integrated Steelworks Project, Sub-Leader of Zero-Carbon Steel Project and Sub-Leader of Next-Generation Hot Rolling Project, the Company Apr 2022 Senior Managing Director, Project Leader of Thailand Integrated Steelworks Project, Deputy General Manager of Green Transformation Promotion Headquarters, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Apr 2023 Representative Director, Executive Vice President, General Manager of Green Transformation Promotion Headquarters, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Jun 2023 Representative Director, Executive Vice President, General Manager of Green Transformation Promotion Headquarters, Project Leader of Electric Furnace Process Promotion Project, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Apr 2024 Representative Director, President and COO, the Company (current)
1963-05-22
Takahiro MORI
Representative Director, Vice Chairman and Executive Vice President, General Manager of Global Business Development Headquarters; Project Leader of India Project; Project Leader of Thailand Project; Project Leader of USS Project
Apr 1983 Joined Nippon Steel Corporation Apr 2021 Executive Vice President, General Manager of Global Business Development Headquarters, and Project Leader of India Integrated Steelworks Project, the Company Jun 2021 Representative Director, Executive Vice President, General Manager of Global Business Development Headquarters, and Project Leader of India Integrated Steelworks Project, the Company Apr 2023 Representative Director, Executive Vice President, General Manager of Global Business Development Headquarters, and Project Leader of India Project, the Company Apr 2024 Representative Director, Vice Chairman and Executive Vice President, General Manager of Global Business Development Headquarters, Project Leader of India Project, and Project Leader of USS Project, the Company Apr 2026 Representative Director, Vice Chairman and Executive Vice President, General Manager of Global Business Development Headquarters, Project Leader of India Project, Project Leader of Thailand Project, and Project Leader of USS Project, the Company (current)
1957-10-03
Naoki SATO
Representative Director, Executive Vice President; Sub-Leader of India Project, Global Business Development Headquarters; Sub-Leader of Thailand Project, Global Business Development Headquarters; Sub-Leader of USS Project
Apr 1983 Joined Nippon Steel Corporation Apr 2021 Executive Vice President, Project Leader of Next-Generation Hot Rolling Project, and Sub-Leader of India Integrated Steelworks Project, Global Business Development Headquarters, the Company Jun 2021 Representative Director, Executive Vice President, Project Leader of Next-Generation Hot Rolling Project, and Sub-Leader of India Integrated Steelworks Project, Global Business Development Headquarters, the Company Apr 2022 Representative Director, Executive Vice President, Project Leader of Next-Generation Hot Rolling Project, Project Leader of Ironmaking Stabilization Project, and Sub-Leader of India Integrated Steelworks Project, Global Business Development Headquarters, the Company Apr 2023 Representative Director, Executive Vice President, Project Leader of Next-Generation Hot Rolling Project, Project Leader of Ironmaking Stabilization Project, and Sub-Leader of India Project, Global Business Development Headquarters, the Company Apr 2024 Representative Director, Executive Vice President, Sub-Leader of India Project, Sub-Leader of Thailand Integrated Steelworks Project, Global Business Development Headquarters, and Sub-Leader of USS Project, the Company Apr 2026 Representative Director, Executive Vice President, Sub-Leader of India Project, Sub-Leader of Thailand Project, Global Business Development Headquarters, and Sub-Leader of USS Project, the Company (current)
1961-03-23
Takashi HIROSE
Representative Director, Executive Vice President; Sub-Leader of USS Project; Sub-Leader of Next-Generation Hot Rolling Project
Apr 1986 Joined Nippon Steel Corporation Apr 2021 Managing Executive Officer, General Manager of Sheet Products Business Division, Project Leader of Shanghai Baoshan Cold Rolling and CGL Project, Global Business Development Headquarters, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Apr 2022 Executive Vice President, General Manager of Sheet Products Business Division, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Jun 2022 Representative Director, Executive Vice President, General Manager of Sheet Products Business Division, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Apr 2023 Representative Director, Executive Vice President, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Jan 2024 Representative Director, Executive Vice President, General Manager of Steel Pipe Business Division, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Apr 2024 Representative Director, Executive Vice President, and Sub-Leader of Next-Generation Hot Rolling Project, the Company Jun 2025 Representative Director, Executive Vice President, Sub-Leader of USS Project, and Sub-Leader of Next-Generation Hot Rolling Project, the Company (current)
1962-04-19
Hirofumi FUNAKOSHI
Representative Director, Executive Vice President; Sub-Leader of USS Project
Jul 1987 Joined Nippon Steel Corporation Apr 2019 Executive Officer, General Manager of Corporate Planning Department, the Company Apr 2021 Managing Executive Officer, the Company Apr 2022 Managing Executive Officer, Deputy General Manager of Green Transformation Promotion Headquarters, the Company Apr 2023 Executive Vice President, the Company Jun 2023 Representative Director, Executive Vice President, the Company Jun 2025 Representative Director, Executive Vice President, Sub-Leader of USS Project, the Company (current)
1963-06-17
Hiroyuki MINATO
Representative Director, Executive Vice President; Sub-Leader of USS Project; Project Leader of Electric Furnace Project; Project Leader of Next-Generation Hot Rolling Project
Apr 1989 Joined Nippon Steel Corporation Apr 2021 Managing Executive Officer, General Manager of Muroran Works, the Company Apr 2022 Managing Executive Officer, the Company Apr 2023 Managing Executive Officer, Sub-Leader of Thailand Integrated Steelworks Project, Global Business Development Headquarters, the Company Apr 2024 Executive Vice President, Project Leader of Next-Generation Hot Rolling Project, and Project Leader of Electric Furnace Project, the Company Jun 2024 Representative Director, Executive Vice President, Project Leader of Next-Generation Hot Rolling Project, and Project Leader of Electric Furnace Project, the Company Jun 2025 Representative Director, Executive Vice President, Sub-Leader of USS Project, Project Leader of Next-Generation Hot Rolling Project, and Project Leader of Electric Furnace Project, the Company (current)
1965-02-23
Nobuhiro FUJITA
Representative Director, Executive Vice President, General Manager of Technology Development Headquarters; Sub-Leader of USS Project
Apr 1989 Joined Nippon Steel Corporation Apr 2021 Managing Executive Officer, General Manager of Steel Research Laboratories, Technology Development Headquarters, the Company Apr 2024 Senior Executive Officer, General Manager of Steel Research Laboratories, Technology Development Headquarters, the Company Apr 2025 Executive Vice President, General Manager of Technology Development Headquarters, the Company Jun 2025 Representative Director, Executive Vice President, General Manager of Technology Development Headquarters, and Sub-Leader of USS Project, the Company (current)
1964-09-20
Jun SAWADA
Director
Apr 1978 Joined Nippon Telegraph and Telephone Public Corporation Apr 1985 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jun 2008 Director, General Manager of Corporate Planning Department, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jun 2011 Senior Managing Director, General Manager of Corporate Planning Department, NTT Communications Corporation Jun 2012 Representative Director, Executive Vice President, General Manager of Corporate Planning Department, NTT Communications Corporation Jun 2013 Representative Director, Executive Vice President, NTT Communications Corporation Jun 2014 Representative Director, Executive Vice President, Nippon Telegraph and Telephone Corporation Jun 2018 Representative Director, President, Nippon Telegraph and Telephone Corporation Jun 2020 Representative Director, President and Chief Executive Officer, Nippon Telegraph and Telephone Corporation Jun 2022 Representative Director, Chairman, Nippon Telegraph and Telephone Corporation Jun 2024 Director, Chairman, Nippon Telegraph and Telephone Corporation Jun 2026 Outside Director, the Company (current)
1955-07-30
Miharu KOYAZUKA
Director
Apr 1979 Joined Takashimaya Company, Limited May 2013 Director, Takashimaya Company, Limited Sep 2013 Representative Director, Senior Managing Executive Officer, General Manager of Planning Headquarters (Head of Reform Promotion Headquarters), Takashimaya Company, Limited Mar 2014 Representative Director, Senior Managing Executive Officer, General Manager of Sales Headquarters, Takashimaya Company, Limited Mar 2016 Director, Takashimaya Company, Limited May 2016 Advisor, Takashimaya Company, Limited Mar 2020 Counselor, Takashimaya Company, Limited (retired Mar 2021) Jun 2026 Outside Director, the Company (current)
1955-09-02
Kazumasa SHINKAI
Director, Full-time Standing Audit and Supervisory Committee Member
Apr 1987 Joined Nippon Steel Corporation Apr 2021 Managing Executive Officer, General Manager of General Affairs Department, the Company Apr 2023 Managing Executive Officer, the Company Apr 2024 Executive Officer, Assistant to the President, the Company Jun 2024 Director, Full-time Standing Audit and Supervisory Committee Member, the Company (current)
1962-10-04
Kenji YAMANE
Director, Full-time Audit and Supervisory Committee Member
Apr 1993 Joined Nippon Steel Corporation Apr 2020 General Manager of General Affairs Department, Setouchi Works, the Company Apr 2022 Deputy General Manager of General Affairs Department, the Company Apr 2023 General Manager of General Affairs Department, the Company Apr 2024 Executive Officer, General Manager of General Affairs Department, the Company Apr 2026 Executive Officer, Assistant to the President, the Company Jun 2026 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1970-06-22
Kenji HIRAMATSU
Director, Audit and Supervisory Committee Member
Apr 1979 Joined Ministry of Foreign Affairs of Japan Jul 2008 Deputy Director-General, Bureau of Central and South American Affairs, and Deputy Director-General, Bureau of Economic Affairs, Ministry of Foreign Affairs of Japan Jan 2011 Deputy Director-General for Global Issues, Ministry of Foreign Affairs of Japan Sep 2012 Director-General, Bureau of Global Affairs, Ministry of Foreign Affairs of Japan Nov 2015 Ambassador Extraordinary and Plenipotentiary to India Jan 2016 Ambassador Extraordinary and Plenipotentiary to India, concurrently Ambassador Extraordinary and Plenipotentiary to Bhutan Sep 2019 Ambassador Extraordinary and Plenipotentiary to Spain (retired Nov 2022) Dec 2022 Chairman, Institute for International Strategy, Japan Research Institute, Limited Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1956-12-22
Aiko SEKINE
Director, Audit and Supervisory Committee Member
Apr 1981 Joined Citibank, N.A., Tokyo Branch Oct 1985 Joined Aoyama Audit Corporation Mar 1989 Registered as Certified Public Accountant Jul 2001 Senior Partner, Chuo Aoyama PricewaterhouseCoopers Sep 2006 Senior Partner, Arata Audit Corporation (now PwC Japan LLC) Jul 2016 Chairperson, Japanese Institute of Certified Public Accountants Jul 2019 Senior Advisor, Japanese Institute of Certified Public Accountants Sep 2020 Professor, Waseda University Faculty of Commerce Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1958-05-13
Sumiko TAKEUCHI
Director, Audit and Supervisory Committee Member
Apr 1994 Joined Tokyo Electric Power Company (resigned Dec 2011) Jan 2012 Director and Senior Researcher, National Institute for Environmental Studies (NPO) Apr 2016 Visiting Professor, University of Tsukuba (retired Mar 2018) Apr 2018 Visiting Professor, Kansai University (retired Mar 2020) Oct 2018 Co-Representative, U3 Innovations LLC Apr 2020 Specially Appointed Professor, Tohoku University Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1971-06-21
Large Shareholding Reports
J.P. Morgan Securities plc
2026-10-20
1.44%→2.14%
J.P. Morgan Securities plc
2026-09-18
2.35%→1.44%
J.P. Morgan Securities plc
2026-09-03
1.96%→2.35%
Nomura Asset Management Co., Ltd.
2026-04-06
4.26%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.70%→2.41%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-20
Large Shareholding Report
EDINET
2026-09-18
Large Shareholding Report
EDINET
2026-09-03
Large Shareholding Report
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-26
株主総会招集通知
EDINET
2026-04-06
Large Shareholding Report
TDnet
2026-02-24
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-12
中期経営計画
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-01
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINETAmended
2021-11-15
Amended Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
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