Nippon Steel stock gained 1.8 percent as prices rose

Published on 10/07/2026 at 01:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nippon Steel stock posted JPY 2.8211 trillion in FY2026 Q1 revenue on August 4, 2026, up 40.4 percent year over year. Full-year profit guidance also increased.

Nippon Steel, JP3381000003, Illustration mit AI erstellt.

Nippon Steel stock gained 1.80 percent to JPY 650.50 on the Tokyo Stock Exchange on October 6, 2026, while the steelmaker's latest pricing move raised the operating stakes for the fourth quarter. Nippon Steel announced a USD 32 per tonne increase for flat steel contracts beginning in October, according to Shanghai Metals Market on October 5, 2026.

Flat steel prices rise by USD 32

The increase covers Nippon Steel's flat steel product lineup for October contracts and was attributed to higher coking coal costs and elevated ocean freight rates, Shanghai Metals Market reported. The move gives the company a direct price lever, but it also shows how raw-material and logistics inflation can pressure margins even when selling prices increase.

The pricing action follows a strong first quarter. Nippon Steel reported FY2026 Q1 revenue of JPY 2.8211 trillion on August 4, 2026, up 40.4 percent from the prior-year quarter, while business profit rose 58.1 percent to JPY 145.5 billion, according to Toshin Japan.

US Steel lifts the earnings outlook

Nippon Steel raised FY2026 business profit guidance from JPY 530 billion to JPY 630 billion and net profit guidance from JPY 220 billion to JPY 290 billion, the same August 4, 2026 report said. The US Steel contribution was raised from JPY 100 billion or more to JPY 180 billion or more, making overseas operations the key earnings comparison against domestic steel weakness.

For the next reported checkpoint, Nippon Steel's investor-relations calendar lists the FY2026 Q2 earnings announcement for November 5, 2026, at 3:30 p.m. JST, according to Nippon Steel. That date will test whether the higher price lists are translating into sustained profit rather than merely offsetting input costs.

Consensus stays above the last price

MarketScreener lists an Outperform consensus from nine analysts, with an average target of JPY 712.22 against a last close of JPY 695.00 in its September 8, 2026 data. The average target was 2.48 percent above that reference price, according to MarketScreener.

Stock trades below its yearly high

Nippon Steel was last at JPY 650.50 on October 6, 2026, at 3:30 p.m. JST. Its 52-week range was JPY 530.50 to JPY 718.50, placing the latest quote JPY 68.00 below the high, while market capitalization stood at JPY 3.4 trillion and volume reached 25,926,900 shares.