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TYO:5401

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Asia

Japanese Stocks Fall on Fresh Middle East Tensions, Surging Oil Prices

Japanese stocks plummeted on Tuesday as escalation tensions in the Middle East pushed oil prices higher, increasing investor worries over energy supply disruption amid growing Iranian threats of retaliation against any fresh US attacks.The benchmark Nikkei 225 closed down 1,130.51 points, or 1.70%, at 65,269.33.Oil prices extended gains toward $100 a barrel after Iran threatened retaliation against new attacks, dimming hopes of an early conflict settlement and reopening of the Strait of Hormuz. Iran also warned of possible strikes on Gulf energy infrastructure and other key U.S. assets in the region.On the corporate side, ExaWizards (TYO:4259) agreed to acquire all shares of ele&company, a consulting firm specializing in project management and operational transformation, at an undisclosed value.Additionally, S&P Global Ratings said it will classify Nippon Steel's (TYO:5401) subordinated loan as having intermediate equity content, according to a Tuesday release.

Nikkei 225TYO:4259TYO:5401
Asia

S&P to Qualify Nippon Steel's Subordinated Loan as Having Intermediate Equity Content

S&P Global Ratings will classify Nippon Steel's (TYO:5401) subordinated loan as having intermediate equity content, according to a Tuesday release.The planned debt will have a neutral effect on the company's issuer credit rating and outlook, S&P said.Features of the loan, including an option to defer interest payments, a sufficiently long residual time until maturity and subordination in liquidation or bankruptcy, qualify for the rating agency's standards for intermediate equity content.The company will use the loan to refinance 30 billion yen of subordinated bonds that are callable in September.S&P also sees the debt as a way for the company to absorb losses over a long period.

TYO:5401
Asia

Market Chatter: Universal Studios Japan to Allot up to 300 Billion Yen for Expansion

Universal Studios Japan will allot between 200 billion and 300 billion yen for an expansion of its park, Nikkei Asia reported Friday, citing multiple sources.The company looks to construct new attractions on a nearby 60,000-square-meter site that previously housed a Nippon Steel (TYO:5401) factory, with a lease deal with the Osaka municipal government expected by 2028, the report said.The theme park looks to increase its annual visitor count to more than the current 16 million, already the largest number among competitors, the report said.Universal Studios did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:5401
Asia

Japan Earnings Wrap: Ibiden, Nippon Steel Rise; Daikin Falls

Japanese stocks reporting earnings traded mixed on Wednesday, with gains led by electronics and steel-making companies while air-conditioning manufacturers declined.Ibiden (TYO:4062) shares soared 25% after posting a 41% year-over-year growth in attributable profit for the fiscal first quarter to 17.9 billion yen.Basic EPS was 64.14 yen, while net sales rose 26% to 123.2 billion yen for the three months ended June 30.In a separate filing, the electronics company raised its full-year attributable profit forecast to 84.0 billion yen from 58.0 billion yen, basic EPS to 149.68 yen from 103.85 yen and net sales to 550.0 billion yen from 500.0 billion yen.Nippon Steel (TYO:5401) shares gained over 3% after it returned to profitability in the fiscal first quarter. The steel maker posted an attributable profit of 75.3 billion yen for the three months ended June 30.Earnings per share were 12.73 yen, while revenue jumped 40% year on year to 2.821 trillion.For the fiscal first half ending Sept. 30, the company now expects an attributable profit of 120 billion yen, basic EPS of 23 yen and revenue of 5.600 trillion yen, compared with its previous forecast of an attributable profit of 90 billion yen, basic EPS of 17 yen and revenue of 5.400 trillion yen previously.Daikin Industries' (TYO:6367) shares fell 8% after its earnings came in lower in the fiscal first quarter. Attributable profit slipped 1.7% to 80.1 billion yen in the three months ended June 30.Earnings per share in the three months ended June 30 edged up to 280.37 yen while net sales in fiscal Q1 increased 17.5% to 1.426 trillion yen.For the year ending March 31, 2027, the air conditioning manufacturer expects attributable profit of 278 billion yen, EPS of 949.32 yen and revenue of 5.150 trillion yen

TYO:4062TYO:5401TYO:6367
Asia

Nippon Steel Returns to Profit in Fiscal Q1

Nippon Steel (TYO:5401) reported attributable profit of 75.3 billion yen for the fiscal first quarter, returning from a loss of 195.8 billion yen a year earlier.The steel manufacturer's earnings per share were 12.73 yen, compared with a loss per share of 37.47 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue for the three months ended June 30 jumped 40% year on year to 2.821 trillion yen from 2.009 trillion yen.The company plans an interim and year-end dividend of 12.00 yen per share each for the current fiscal year.For the fiscal first half ending Sept. 30, the company now expects an attributable profit of 120 billion yen, basic EPS of 23 yen and revenue of 5.600 trillion yen, compared with its previous forecast of an attributable profit of 90 billion yen, basic EPS of 17 yen and revenue of 5.400 trillion yen previously.For the fiscal year ending March 31, 2027, attributable profit is forecasted at 290 billion yen, basic EPS is expected at 55 yen and revenue is anticipated to be 11.2 trillion yen, up from attributable profit of 220 billion yen, basic EPS of 42 yen and revenue of 11.000 trillion yen expected earlier forecasted previously.

TYO:5401
Nippon Steel Returns to Profit in Fiscal Q1 as U.S. Steel Becomes 'Primary Earnings Driver'
US Markets

Nippon Steel Returns to Profit in Fiscal Q1 as U.S. Steel Becomes 'Primary Earnings Driver'

Nippon Steel (TYO:5401) returned to an attributable profit of 75.3 billion yen in the fiscal first quarter ended June 30 from an operating loss of 195.8 billion yen a year earlier, according to a press release on Tuesday.Earnings per share stood at 12.73 yen, rebounding from a loss per share of 37.47 yen a year earlier.Revenue during the three-month period jumped 40.4% to 2.821 trillion yen from 2.009 trillion yen, boosted by a 29 billion-yen increase in sales overseas and the integration of U.S. Steel. Both factors offset the 94.3 billion-yen drop in domestic revenue.Nippon Steel finalized its $14.9 billion acquisition of U.S. Steel in June 2025. Most recently, the company acknowledged that U.S. Steel is now "the primary earnings driver of the group."U.S. Steel contributed an underlying business profit of 32.2 billion yen for the quarter, accounting for 29.7% of its overall figure of 108.4 billion yen.For the fiscal year ending March 31, 2027, Nippon Steel expects underlying profit from U.S. Steel to reach 180 billion yen, up from its previous forecast of 80 billion yen.Overall underlying business profit forecast for the whole fiscal year is anticipated at 700 billion yen, up from 650.4 billion yen a year prior.Nippon Steel raised its full-year earnings forecast, now expecting an attributable profit of 290 billion yen, or 55 yen per share, up from its previous guidance of 220 billion yen. Full-year revenue is expected to jump 11.3% year over year to 11.2 trillion yen, also higher than its previous 9.3% growth forecast to 11 trillion yen.The steelmaker expects to pay 24 yen per share in full-year dividends for the current fiscal year.

TYO:5401
Asia

Japan to Impose Provisional Anti-dumping Duties on Steel Imports From China, Taiwan

Japan's Cabinet decided to impose provisional anti-dumping duties on nickel-added cold-rolled stainless steel coil, sheet, and strip originating in or exported from China and Taiwan, according to a joint statement from the Ministry of Economy, Trade and Industry and the Ministry of Finance on Friday.The provisional anti-dumping duty rates will range from 3.6% to 42.1%, and will run for four months from July 9 to Nov. 8, 2026.The decision follows a preliminary determination in a probe launched on July 22, 2025. Authorities have ruled that imports of dumped steel products resulted in "material injury" to the domestic industry.Major domestic producers of these materials include Nippon Steel (TYO:5401), JFE Holdings' (TYO:5411) JFE Steel and Kobe Steel (TYO:5406).

Nikkei 225TYO:5401TYO:5406TYO:5411
Asia

Market Chatter: JBIC's US Exposure Surges Fivefold as Japan Prioritizes Economic Security

Japan's state-owned Japan Bank for International Cooperation or JBIC saw U.S. approvals surge over fivefold to 1.31 trillion yen in fiscal 2025, now at 52% of its portfolio, up from 18% a year ago, Nikkei reported on Thursday.The shift from emerging markets reflects Tokyo's push to fortify supply chains amid U.S.-China friction, highlighted by a $3.7 billion loan for Nippon Steel's (TYO:5401) acquisition of U.S. Steel, the news daily said.Other deals back energy and materials procurement, including Mitsubishi Corp.'s (TYO:8058) purchase of a U.S. gas developer and a Mitsui (TYO:8031)-JERA low-carbon ammonia venture, the publication said.JBIC is also financing Japan's $550 billion U.S. investment pledge, having already funded 350 billion yen in first-round projects like a gas power plant and oil port, with more rounds expected, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:5401TYO:8031TYO:8058
Asia

Xingye Silver & Tin to Buy Out Toyota Tsusho, Nippon Steel in Moroccan Tin Project For $23 Million

Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) agreed to acquire the remaining 25% stake it does not already own in a Moroccan tin mine project for $23.1 million, according to a Shenzhen Stock Exchange filing on Wednesday.The company will buy the stake in Atlas Tin SAS, which owns the Achmmach tin mine project in Morocco, from Japanese partners Toyota Tsusho (TYO:8015) and Nippon Steel's (TYO:5401) mining unit.The project has a total mining area of 11.9 square kilometers. Its mining license is valid until Jan. 17, 2032.

SHE:000426TYO:5401TYO:8015
Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

Nikkei 225KRX:000660KRX:005930KRX:035420TYO:5401TYO:5406TYO:6701TYO:6758TYO:7203TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434TYO:9984
Asia

SoftBank-Led Consortium to Lead Japan's 1 Trillion Yen National AI Initiative

Japan has selected a consortium backed by SoftBank Corp.(TYO:9434) to spearhead a five-year national project developing a homegrown multimodal AI platform, with total public investment expected to reach 1 trillion yen.The initiative, overseen by the Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO), will see the consortium called Noetra Inc. supply the core model while AIST will collaborate with research institutions to advance the technology, according to a joint statement on Wednesday.Noetra, a joint venture led by SoftBank Corp., includes major partners such as NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406).

TYO:5401TYO:5406TYO:6701TYO:6758TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434
Asia

Nippon Steel Adjusts Conversion Price for Zero-Coupon Bonds Due 2029, 2031

Nippon Steel (TYO:5401) adjusted the conversion price of its zero-coupon convertible bonds due 2029 and 2031, according to a filing on the Tokyo Stock Exchange.The Japanese steel producer said Tuesday the conversion price for the 2029 bonds was lowered to 716.9 yen per share from 730.3 yen, while the conversion price for the 2031 bonds was reduced to 723.5 yen from 737 yen, effective April 1.The adjustment followed shareholder approval of a 12-yen-per-share year-end dividend payment at the company's annual general meeting on Tuesday.

TYO:5401
Asia

Market Chatter: United Steelworkers Union Cautiously Optimistic on Nippon Steel One Year After U.S. Steel Deal

The United Steelworkers (USW) union remains watchful over Nippon Steel's (TYO:5401) promised investments a year after its acquisition of U.S. Steel, Nikkei Asia reported Tuesday, citing USW executive Bernie Hall.Hall noted that union pressure helped push Nippon Steel to increase its capital commitment to $11 billion with added guarantees. However, he emphasized that strict follow-through is critical given U.S. Steel's history of unfulfilled promises, the report said.While direct communication with Nippon Steel has been limited, talks are expected to ramp up ahead of a Sept. 1 expiration date for the labor contract covering 11,000 members, Nikkei reported.Nippon Steel did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401
Asia

Market Chatter: Nippon Steel Vice Chair Forecasts Surging US Steel Profits

Nippon Steel (TYO:5401) Vice Chairman Takahiro Mori expects a strong U.S. steel market, driven by steady demand and import tariffs, Reuters reported Wednesday, citing an interview with the executive.These factors could push U.S. Steel's earnings beyond current estimates, Mori reportedly said.Mori expects U.S. Steel to generate more than 100 billion yen in profit this year, with long-term annual earnings between 300 billion yen and 400 billion yen, the report said.Nippon Steel completed its acquisition of U.S. Steel for $14.9 billion in June 2025, following an 18-month-long regulatory review.Shares of Nippon Steel rose over 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401
Asia

Nippon Steel Sets Terms for Three-Tranche Bond Issue Valued at 90 Billion Yen

Nippon Steel (TYO:5401) finalized terms for the issuance of its 13th, 14th, and 15th series of unsecured straight bonds, totalling 90 billion yen, according to a Tokyo bourse filing on Wednesday.The 13th series, with an issue value of 46.1 billion yen, carries a 2.014% coupon rate and matures in 2029, while the 14th worth 19.6 billion yen pays 2.444% and matures in 2031. The 15th series, carrying a value of 24.3 billion yen, offers 3.202% interest rate and matures in 2036.Each bond has a denomination of 100 million yen, with an issue and redemption price at 100% of par.The public offering in Japan runs from June 10, with the payment date set for June 16. Interest is paid semi-annually on June 16 and Dec. 16, and the bonds include negative pledge clauses but no collateral or guarantees.

TYO:5401
Asia

Market Chatter: Nippon Steel to Double Investment for Pennsylvania Plant Upgrade

Nippon Steel (TYO:5401) will invest $2 billion to $2.5 billion to modernize subsidiary U.S. Steel's Mon Valley Works in Pennsylvania, more than double its original $1 billion commitment, Nikkei Asia reported on Tuesday.The investment will fund upgrades to aging equipment at the facility, which is the oldest in U.S. Steel's portfolio, according to the report.Construction of a new hot strip mill at the Edgar Thomson Plant is scheduled to begin in the second half of this year and last about three years, the publication said.The project is expected to support as many as 6,000 jobs at peak investment and deliver an economic impact of up to $1.7 billion, the report said.Nippon Steel didn't immediately respond to a request fromfor comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401
Asia

S&P Affirms Nippon Steel at BBB on Slower Recovery in Key Metrics

S&P Global Ratings maintained Nippon Steel's (TYO:5401) BBB long-term issuer credit rating, according to a recent release.The rating agency expects the company's key financial metrics to improve more gradually than previous estimates given a weak Japanese steel segment and further capital expenditure.The company took measures to raise profitability and lessen fixed costs, but it still faces a dampened domestic steel market and stagnation in Asian markets where it primarily exports, the rating agency said.Heavy investments will also result in a free operating cash flow deficit of between 200 billion yen and 300 billion yen as well as only a slight recovery in the debt-to-EBITDA ratio to about 3.9x in fiscal 2026, according to S&P.The metrics could recover in the next year or so, but S&P sees volatile business conditions as a risk.The negative outlook considers S&P's belief that the rebound in the major financial ratios may not happen as expected if the debt burden becomes a main pressure point.Notable developments impacting the company's debt-to-EBITDA ratio could prompt future rating actions, the rating agency said.

TYO:5401
Asia

Market Chatter: Nippon Steel Sees U.S. Steel Turning Profitable on Efficiency Gains

Nippon Steel (TYO:5401) said its U.S. unit United States Steel will return to profitability this fiscal year, supported by production improvements and higher steel prices, Nikkei reported Thursday.The U.S. business is expected to generate about 100 billion yen in operating profit in the year ending March 2027, compared with a 5.6 billion yen loss a year earlier, according to the report.Nippon Steel said consolidated net profit could rise to about 220 billion yen, driven by stronger performance in the U.S. and ongoing efficiency gains, the report said.The company is investing about $11 billion in the U.S. unit through 2028, with early benefits already emerging from operational upgrades and cost reductions. Nippon Steel said about 40 billion yen of expected profit is linked to Nippon Steel-led improvements, with around 100 engineers deployed to support the turnaround, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401
Asia

Nippon Steel's Profit Plunges 95% in Fiscal Year 2025

Nippon Steel's (TYO:5401) profit attributable to owners of the parent fell 95% to 17.16 billion yen for the fiscal year 2025 from 350.23 billion yen a year earlier.The steel manufacturer's earnings per share declined to 3.28 yen from 67.03 yen a year ago, according to a Tokyo bourse filing on Wednesday.Revenue jumped 16% to 10.063 trillion yen for the period ended March 31 from 8.696 trillion yen in the prior year.Nippon Steel declared a final dividend of 12 yen per share, payable from June 24.For the fiscal year 2026, the company expects attributable profit of 220 billion yen, basic EPS of 42 yen, and revenue of 11 trillion yen.Nippon Steel plans to pay interim and year-end dividends of 12 yen per share, each, for the year.

TYO:5401
Asia

Market Chatter: Nippon Steel Launches Electric Arc Furnace Project to Cut Emissions

Nippon Steel (TYO:5401) has broken ground on an electric arc furnace at its Yawata facility in Kyushu, Nikkei Asia reported on Thursday.The 630.2 billion yen or $3.96 billion project, roughly 30% funded by government subsidies, will include a two-million-ton annual capacity furnace, a steel sheet plant, and on-site power generation, the publication said.Despite the promise of cleaner production, uncertainties remain regarding the technology's substantial electricity consumption and the market's willingness to pay a premium for low-emission steel, the news daily said.Scheduled to begin operations in the second half of fiscal 2029, the furnace represents a major shift for the 125-year-old Yawata steelworks, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401

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