Nippon Steel Reports 2025 Loss Due to U.S. Steel Acquisition Costs

Nippon Steel Reports Fiscal Year 2025 Loss Amid Acquisition Costs Tokyo-based steel giant Nippon Steel announced an expected net loss for the 2025 fiscal year, primarily driven by expenses related to its $14.9 billion acquisition of U.S. Steel. The company also disclosed that it transferred its 50% stake in the joint venture AM/NS Calvert to partner ArcelorMittal, incurring a one-time loss of approximately ¥231.5 billion ($1.56 billion). Consequently, ArcelorMittal now holds full ownership of the Alabama-based steel plant. Adjusting its outlook, Nippon Steel now anticipates a total loss of about ¥40 billion for the year, a significant shift from its earlier forecast of a ¥200 billion profit. In the first quarter, the firm experienced a loss of ¥195.8 billion, contrasting with a ¥157.6 billion profit during the same period last year, amid an 8.3% decline in revenue to ¥2.0 trillion.