Nippon Steel (7203.T) Posts Loss in 9 Months; Revenues Up, Maintains Revenue Outlook

Nippon Steel & Sumitomo Metal Industries Ltd. (7203.T) reported a loss for the 9 months ended February 3, 2026, as yen weakness and lower steel prices eroded margins. The loss widened to 14.6 billion yen from 12.8 billion yen for the same period in 2025. Revenues rose to 1.04 trillion yen for the nine months, up 3.5% year-over-year. The company updated its FY25 outlook to a loss, citing continued pressure from input costs and demand weakness, but maintained its guidance for revenue of 4.7 trillion yen for fiscal 2025.