Cash flow Nippon Steel Corporation

Stocks

5401

JP3381000003

Iron & Steel

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-07-10 am EDT			5-day change	1st Jan Change
550.20 ^JPY	-1.04%		+0.36%	-14.27%

Jul. 05	Japan to Impose Provisional Anti-dumping Duties on Steel Imports From China, Taiwan	MT
Jul. 01	JBIC's US Exposure Surges Fivefold as Japan Prioritizes Economic Security	MT

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Published financial data: NIPPON STEEL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	6,809B	7,976B	8,868B	8,696B	10,063B
Total Revenues	6,809B	7,976B	8,868B	8,696B	10,063B
Cost of Goods Sold, Total	5,587B	6,682B	7,481B	7,324B	8,618B
Gross Profit	1,222B	1,294B	1,387B	1,372B	1,445B
Selling General & Admin Expenses, Total	470B	498B	639B	714B	869B
R&D Expenses	54.55B	58.89B	60.67B	65.16B	71.22B
Depreciation & Amortization - (IS)	19.77B	22.99B	30.86B	36.24B	53.28B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-26.85B	-46.38B	-20.1B	-29.07B	34.36B
Other Operating Expenses, Total	518B	533B	710B	787B	1,028B
Operating Income	704B	761B	676B	585B	416B
Interest Expense, Total	-21.77B	-20.92B	-30.5B	-38.2B	-89.6B
Interest And Investment Income	1.92B	8.06B	21.54B	20.84B	31.13B
Net Interest Expenses	-19.85B	-12.86B	-8.96B	-17.36B	-58.47B
Income (Loss) On Equity Invest.	214B	103B	144B	127B	85.41B
Currency Exchange Gains (Loss)	21.04B	40.02B	50.84B	7.04B	24.51B
Other Non Operating Income (Expenses)	-4.47B	-3.94B	-5.73B	-6.23B	-11.62B
EBT, Excl. Unusual Items	915B	887B	857B	695B	456B
Restructuring Charges	-97.23B	-32.81B	-91B	-135B	-271B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	36.52B	-	-
Gain (Loss) On Sale Of Assets	20.42B	12.99B	-38.5B	-35.61B	-12.28B
Asset Writedown	-21.5B	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	817B	867B	764B	524B	173B
Income Tax Expense	149B	128B	176B	141B	128B
Earnings From Continuing Operations	668B	739B	588B	383B	44.75B
Net Income to Company	668B	739B	588B	383B	44.75B
Minority Interest	-30.21B	-44.72B	-38.53B	-32.74B	-27.6B
Net Income - (IS)	637B	694B	549B	350B	17.16B
Net Income to Common Incl Extra Items	637B	694B	549B	350B	17.16B
Net Income to Common Excl. Extra Items	637B	694B	549B	350B	17.16B
Per Share Items
Net EPS - Basic	138.43	150.73	119.32	70.18	3.28
Basic EPS - Continuing Operations	138.43	150.73	119.32	70.18	3.28
Basic Weighted Average Shares Outstanding	4.6B	4.6B	4.6B	4.99B	5.23B
Net EPS - Diluted	131.5	134.38	105.59	67.03	3.28
Diluted EPS - Continuing Operations	131.5	134.38	105.59	67.03	3.28
Diluted Weighted Average Shares Outstanding	4.85B	5.16B	5.2B	5.22B	5.23B
Normalized Basic EPS	117.64	110.65	107.96	80.52	49.29
Normalized Diluted EPS	111.75	98.64	95.54	76.9	49.29
Dividend Per Share	32	36	32	32	24
Payout Ratio	11.57	23.91	27.69	46.28	853.71
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1,034B	1,101B	1,039B	970B	990B
EBITA	704B	761B	676B	585B	416B
EBIT	704B	761B	676B	585B	416B
Effective Tax Rate - (Ratio)	18.25	14.78	23.05	26.97	74.1
Normalized Net Income	542B	509B	497B	402B	258B
Non-Cash Pension Expense	5.3B	7.63B	10.94B	8.11B	33.36B
Supplemental Operating Expense Items
Selling and Marketing Expenses	161B	159B	211B	226B	324B
Research And Development Expense From Footnotes	66.4B	70.5B	72.7B	80.7B	82.7B

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	551B	670B	449B	673B	461B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	551B	670B	449B	673B	461B
Accounts Receivable, Total	939B	1,062B	1,588B	1,430B	1,768B
Total Receivables	939B	1,062B	1,588B	1,430B	1,768B
Inventory	1,757B	2,086B	2,277B	2,199B	2,776B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	268B	252B	247B	246B	284B
Total Current Assets	3,515B	4,071B	4,560B	4,549B	5,290B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	3,131B	3,268B	3,481B	3,738B	6,039B
Long-term Investments	1,757B	1,870B	2,349B	2,186B	2,197B
Goodwill	61.74B	65.06B	70.21B	71.64B	260B
Other Intangibles, Total	130B	157B	178B	263B	833B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	158B	136B	75.89B	135B	42.28B
Other Long-Term Assets, Total	5M	4M	5M	4M	3M
Total Assets	8,752B	9,567B	10,715B	10,942B	14,661B
Liabilities
Accounts Payable, Total	1,527B	1,592B	1,891B	1,671B	2,340B
Short-term Borrowings	123B	158B	156B	208B	182B
Current Portion of Long-Term Debt	201B	225B	363B	244B	280B
Current Portion of Leases	20.26B	19.86B	22.59B	22.06B	43.52B
Current Income Taxes Payable	110B	51.92B	80.27B	126B	39.28B
Other Current Liabilities	37.9B	46.72B	69.39B	64.25B	87.29B
Total Current Liabilities	2,019B	2,094B	2,582B	2,335B	2,973B
Long-Term Debt	2,249B	2,230B	2,089B	1,952B	4,565B
Long-Term Leases	60.78B	66.62B	80.91B	81.92B	103B
Pension & Other Post Retirement Benefits	188B	185B	116B	112B	160B
Deferred Tax Liability Non Current	39.8B	37.68B	141B	137B	335B
Other Non Current Liabilities	299B	307B	350B	421B	500B
Total Liabilities	4,855B	4,921B	5,359B	5,039B	8,636B
Common Stock, Total	420B	420B	420B	570B	570B
Additional Paid In Capital	394B	399B	399B	578B	588B
Retained Earnings	2,515B	3,079B	3,526B	3,820B	3,752B
Treasury Stock	-57.98B	-58.05B	-58.15B	-58.24B	-59.02B
Comprehensive Income and Other	197B	341B	492B	474B	680B
Total Common Equity	3,467B	4,181B	4,778B	5,383B	5,530B
Minority Interest	430B	465B	578B	520B	494B
Total Equity	3,897B	4,646B	5,356B	5,903B	6,025B
Total Liabilities And Equity	8,752B	9,567B	10,715B	10,942B	14,661B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.6B	4.6B	4.61B	5.23B	5.23B
ECS Total Common Shares Outstanding	4.6B	4.6B	4.61B	5.23B	5.23B
Book Value / Share	752.94	908.12	1.04K	1.03K	1.06K
Tangible Book Value	3,275B	3,959B	4,530B	5,048B	4,438B
Tangible Book Value Per Share	711.19	859.79	983.6	966.03	849.15
Total Debt	2,653B	2,699B	2,712B	2,507B	5,174B
Net Debt	2,102B	2,029B	2,263B	1,835B	4,713B
Debt Equivalent of Unfunded Proj. Benefit Obligation	64.79B	60.81B	-50.54B	-66.27B	-172B
Minority Interest, Total (Incl. Fin. Div)	430B	465B	578B	520B	494B
Equity Method Investments, Total	1,079B	1,211B	1,538B	1,600B	1,466B
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Raw Materials, Total	749B	894B	934B	879B	1,191B
Inventories - Work In Process, Total	77.98B	83.61B	98.22B	113B	114B
Inventories - Finished Goods, Total	930B	1,108B	1,244B	1,207B	1,471B
Inventories - Others	2M	1M	2M	2M	2M
Full Time Employees	107K	106K	114K	114K	138K
Accumulated Allowance for Doubtful Accounts (Supple)	1.55B	1.97B	2.32B	3.93B	9.91B
Order Backlog	521B	633B	544B	546B	535B

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	817B	867B	764B	524B	173B
Depreciation & Amortization - CF	331B	340B	363B	385B	574B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	331B	340B	363B	385B	574B
(Gain) Loss From Sale Of Asset	21.5B	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-214B	-103B	-144B	-127B	-85.41B
Other Operating Activities, Total	-36.8B	-141B	-54.8B	-121B	-152B
Change In Accounts Receivable	-116B	-81.8B	50.13B	205B	9.1B
Change In Inventories	-383B	-310B	68.62B	95.66B	77.67B
Change In Accounts Payable	211B	58.43B	-53.63B	-105B	-109B
Change in Other Net Operating Assets	-13.46B	30.77B	17.2B	121B	230B
Cash from Operations	616B	661B	1,010B	979B	717B
Capital Expenditure	-467B	-470B	-466B	-598B	-863B
Sale of Property, Plant, and Equipment	70.25B	15.48B	12.38B	-6.64B	12.65B
Cash Acquisitions	-53.01B	-735M	-292B	-35M	-2,016B
Divestitures	-2.27B	5.23B	19.67B	39.24B	7.98B
Investment in Marketable and Equity Securities, Total	72.45B	81.72B	13.51B	225B	30.85B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-2.09B	-2.25B	-2.57B	-3.28B	-994M
Other Investing Activities, Total	2.71B	3.99B	5.1B	-119B	-8.92B
Cash from Investing	-379B	-367B	-711B	-462B	-2,837B
Short Term Debt Issued, Total	11.11B	27.24B	-	44.11B	-
Long-Term Debt Issued, Total	320B	200B	85.22B	327B	2,664B
Total Debt Issued	331B	228B	85.22B	371B	2,664B
Short Term Debt Repaid, Total	-	-	-326B	-	-32.72B
Long-Term Debt Repaid, Total	-267B	-228B	-272B	-299B	-626B
Total Debt Repaid	-267B	-228B	-598B	-299B	-659B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-59M	-58M	-73M	-58M	-29M
Common Dividends Paid	-73.76B	-166B	-152B	-162B	-146B
Common & Preferred Stock Dividends Paid	-73.76B	-166B	-152B	-162B	-146B
Other Financing Activities, Total	-51.44B	-31.25B	121B	-223B	27.58B
Cash from Financing	-61.3B	-198B	-544B	-313B	1,886B
Foreign Exchange Rate Adjustments	16.12B	22.32B	22.92B	20.8B	22.68B
Miscellaneous Cash Flow Adjustments	-1M	-	-	-	1M
Net Change in Cash	192B	119B	-222B	224B	-211B
Supplemental Items
Cash Interest Paid	21.9B	21.58B	30.56B	36.35B	89.96B
Cash Income Tax Paid (Refund)	86.01B	214B	127B	181B	223B
Levered Free Cash Flow	-148B	-87.89B	-61.39B	186B	-433B
Unlevered Free Cash Flow	-135B	-74.82B	-42.33B	210B	-377B
Change In Net Working Capital	438B	420B	362B	-57.16B	348B
Net Debt Issued / Repaid	63.96B	-396M	-512B	71.8B	2,005B

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	5.39	5.19	4.17	3.38	2.03
Return on Total Capital	7.19	6.84	5.49	4.44	2.65
Return On Equity %	19	17.29	11.76	6.8	0.75
Return on Common Equity	20.47	18.15	12.26	6.89	0.31
Margin Analysis
Gross Profit Margin %	17.94	16.22	15.64	15.77	14.36
SG&A Margin	6.91	6.24	7.2	8.22	8.64
EBITDA Margin %	15.19	13.8	11.72	11.16	9.84
EBITA Margin %	10.33	9.54	7.63	6.73	4.14
EBIT Margin %	10.33	9.54	7.63	6.73	4.14
Income From Continuing Operations Margin %	9.8	9.26	6.63	4.4	0.44
Net Income Margin %	9.36	8.7	6.19	4.03	0.17
Net Avail. For Common Margin %	9.36	8.7	6.19	4.03	0.17
Normalized Net Income Margin	7.95	6.39	5.6	4.62	2.56
Levered Free Cash Flow Margin	-2.18	-1.1	-0.69	2.14	-4.3
Unlevered Free Cash Flow Margin	-1.98	-0.94	-0.48	2.42	-3.74
Asset Turnover
Asset Turnover	0.83	0.87	0.87	0.8	0.79
Fixed Assets Turnover	2.21	2.49	2.63	2.41	2.06
Receivables Turnover (Average Receivables)	7.81	7.97	6.69	5.76	6.29
Inventory Turnover (Average Inventory)	3.6	3.48	3.43	3.27	3.46
Short Term Liquidity
Current Ratio	1.74	1.94	1.77	1.95	1.78
Quick Ratio	0.74	0.83	0.79	0.9	0.75
Operating Cash Flow to Current Liabilities	0.3	0.32	0.39	0.42	0.24
Days Sales Outstanding (Average Receivables)	46.76	45.81	54.69	63.35	58.01
Days Outstanding Inventory (Average Inventory)	101.45	104.95	106.71	111.53	105.35
Average Days Payable Outstanding	88.58	81.18	83.08	89.71	79.62
Cash Conversion Cycle (Average Days)	59.64	69.57	78.33	85.17	83.74
Long Term Solvency
Total Debt/Equity	68.09	58.1	50.63	42.48	85.89
Total Debt / Total Capital	40.51	36.75	33.61	29.81	46.2
LT Debt/Equity	59.26	49.42	40.52	34.46	77.49
Long-Term Debt / Total Capital	35.25	31.26	26.9	24.18	41.69
Total Liabilities / Total Assets	55.47	51.43	50.01	46.05	58.91
EBIT / Interest Expense	32.32	36.35	22.18	15.31	4.65
EBITDA / Interest Expense	47.5	52.6	34.08	25.4	11.05
(EBITDA - Capex) / Interest Expense	26.06	30.14	18.79	9.74	1.42
Total Debt / EBITDA	2.57	2.45	2.61	2.58	5.22
Net Debt / EBITDA	2.03	1.84	2.18	1.89	4.76
Total Debt / (EBITDA - Capex)	4.68	4.28	4.73	6.74	40.67
Net Debt / (EBITDA - Capex)	3.71	3.22	3.95	4.93	37.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	40.99	17.13	11.19	-1.95	15.73
Gross Profit, 1 Yr. Growth %	116.08	5.89	7.21	-1.09	5.33
EBITDA, 1 Yr. Growth %	170.55	6.42	-5.56	-6.67	2.09
EBITA, 1 Yr. Growth %	669.68	8.08	-11.05	-13.54	-28.8
EBIT, 1 Yr. Growth %	669.68	8.08	-11.05	-13.54	-28.8
Earnings From Cont. Operations, 1 Yr. Growth %	-3.55K	10.67	-20.42	-34.86	-88.31
Net Income, 1 Yr. Growth %	-2.07K	8.9	-20.84	-36.25	-95.1
Normalized Net Income, 1 Yr. Growth %	744.59	-5.94	-2.43	-19.17	-35.89
Diluted EPS Before Extra, 1 Yr. Growth %	-1.97K	2.19	-21.42	-36.52	-95.11
Accounts Receivable, 1 Yr. Growth %	16.65	13.09	49.47	-9.92	23.61
Inventory, 1 Yr. Growth %	30.18	18.75	9.14	-3.41	26.23
Net Property, Plant and Equip., 1 Yr. Growth %	2.87	4.37	6.53	7.37	61.58
Total Assets, 1 Yr. Growth %	15.56	9.31	11.99	2.13	33.98
Tangible Book Value, 1 Yr. Growth %	25.09	20.89	14.42	11.45	-12.09
Common Equity, 1 Yr. Growth %	25.61	20.61	14.27	12.68	2.73
Cash From Operations, 1 Yr. Growth %	52.69	7.41	52.76	-3.12	-26.74
Capital Expenditures, 1 Yr. Growth %	1.54	0.67	-0.78	28.22	44.36
Levered Free Cash Flow, 1 Yr. Growth %	-24.6K	-40.71	-30.16	-403.25	-332.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.03K	-44.43	-43.43	-596.24	-279.32
Dividend Per Share, 1 Yr. Growth %	1.5K	12.5	-11.11	0	-25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.23	28.51	14.12	4.42	6.53
Gross Profit, 2 Yr. CAGR %	41.61	51.27	6.55	2.97	2.07
EBITDA, 2 Yr. CAGR %	49.83	69.68	0.25	-6.12	-2.39
EBITA, 2 Yr. CAGR %	302.7	188.42	-1.95	-12.3	-21.54
EBIT, 2 Yr. CAGR %	302.7	188.42	-1.95	-12.3	-21.54
Earnings From Cont. Operations, 2 Yr. CAGR %	25.16	518.25	-6.15	-28	-72.41
Net Income, 2 Yr. CAGR %	21.53	362.59	-7.16	-28.96	-82.33
Normalized Net Income, 2 Yr. CAGR %	297.61	181.86	-4.2	-11.19	-28.01
Diluted EPS Before Extra, 2 Yr. CAGR %	18.43	336.75	-10.39	-29.37	-82.38
Accounts Receivable, 2 Yr. CAGR %	6.61	14.86	30.02	16.04	5.52
Inventory, 2 Yr. CAGR %	7.07	24.33	13.85	2.68	10.42
Net Property, Plant and Equip., 2 Yr. CAGR %	3.79	3.62	5.45	6.95	31.71
Total Assets, 2 Yr. CAGR %	8.43	12.39	10.64	6.95	16.97
Tangible Book Value, 2 Yr. CAGR %	14.46	22.97	17.61	12.93	-1.02
Common Equity, 2 Yr. CAGR %	14.56	23.08	17.39	13.47	7.59
Cash From Operations, 2 Yr. CAGR %	11.6	28.07	28.1	21.65	-15.75
Capital Expenditures, 2 Yr. CAGR %	0.69	1.1	-0.06	12.79	36.05
Levered Free Cash Flow, 2 Yr. CAGR %	307.21	1.11K	-35.65	45.53	165.47
Unlevered Free Cash Flow, 2 Yr. CAGR %	435.81	126.83	-43.93	67.55	198.31
Dividend Per Share, 2 Yr. CAGR %	300	324.26	0	-5.72	-13.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.29	10.44	22.46	8.49	8.06
Gross Profit, 3 Yr. CAGR %	15.81	28.53	34.87	3.94	3.75
EBITDA, 3 Yr. CAGR %	17.65	33.68	39.58	-2.11	-3.46
EBITA, 3 Yr. CAGR %	41.61	159.76	94.86	-5.98	-18.19
EBIT, 3 Yr. CAGR %	42.26	159.76	94.86	-5.98	-18.19
Earnings From Cont. Operations, 3 Yr. CAGR %	37.36	20.13	212.16	-16.91	-60.73
Net Income, 3 Yr. CAGR %	36.39	17.16	156.82	-18.09	-70.87
Normalized Net Income, 3 Yr. CAGR %	37.89	145.91	97.91	-9.47	-20.33
Diluted EPS Before Extra, 3 Yr. CAGR %	32.64	12.75	146.56	-20.12	-70.99
Accounts Receivable, 3 Yr. CAGR %	3.79	8.72	25.4	15.05	18.51
Inventory, 3 Yr. CAGR %	3.88	10.83	19.05	7.78	9.99
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.2	3.98	4.58	6.08	22.72
Total Assets, 3 Yr. CAGR %	2.83	8.72	12.26	7.73	15.29
Tangible Book Value, 3 Yr. CAGR %	2.15	16.56	20.05	15.52	3.88
Common Equity, 3 Yr. CAGR %	2.38	16.54	20.07	15.8	9.77
Cash From Operations, 3 Yr. CAGR %	10.82	10.18	35.82	16.71	2.73
Capital Expenditures, 3 Yr. CAGR %	2.09	0.68	0.47	8.6	22.46
Levered Free Cash Flow, 3 Yr. CAGR %	-3.39	114.22	366.42	7.88	70.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.06	151.73	42.78	15.98	71.39
Dividend Per Share, 3 Yr. CAGR %	25.99	162.07	151.98	0	-12.64
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.71	6.9	7.5	7.99	15.82
Gross Profit, 5 Yr. CAGR %	14.85	11.1	12.01	17.63	20.64
EBITDA, 5 Yr. CAGR %	16.44	12.68	10.35	16.06	20.97
EBITA, 5 Yr. CAGR %	35.8	23.82	22.25	68.24	35.43
EBIT, 5 Yr. CAGR %	35.8	24.16	22.58	68.24	35.43
Earnings From Cont. Operations, 5 Yr. CAGR %	34	28.33	17.94	-2.11	18.29
Net Income, 5 Yr. CAGR %	35.95	30.86	16.94	-4.09	-11.96
Normalized Net Income, 5 Yr. CAGR %	40.31	24.71	19.2	63.62	32.06
Diluted EPS Before Extra, 5 Yr. CAGR %	33.49	26.81	13.38	-6.49	-14.18
Accounts Receivable, 5 Yr. CAGR %	8.6	7.83	13.58	11.59	17.03
Inventory, 5 Yr. CAGR %	7.64	8.3	7.76	7.49	15.52
Net Property, Plant and Equip., 5 Yr. CAGR %	1.96	0.9	1.4	5.16	14.69
Total Assets, 5 Yr. CAGR %	3.8	4.29	5.89	8.01	14.12
Tangible Book Value, 5 Yr. CAGR %	2.77	5.72	8.08	15.1	11.13
Common Equity, 5 Yr. CAGR %	3.29	5.91	8.14	15.3	14.91
Cash From Operations, 5 Yr. CAGR %	3.96	6.37	17.43	14.63	12.2
Capital Expenditures, 5 Yr. CAGR %	7.25	2.67	1.23	5.36	13.42
Levered Free Cash Flow, 5 Yr. CAGR %	-0.46	9.47	-17.88	83.53	272.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	-3.84	1.56	-22.61	113.91	91.72
Dividend Per Share, 5 Yr. CAGR %	28.88	20.79	14.87	74.11	64.38