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Nippon Steel Corporation
Manufacturer VerifiedJapan

Nippon Steel Corporation

Nippon Steel

Nippon Steel Corporation is a world-leading steel manufacturer and a technological leader in high-end construction steel and specialty metal materials. Tracing its origins to the merger of Yawata Steel and Fuji Steel in 1970, the company was renamed Nippon Steel in 2019 and is headquartered in Tokyo, listed on the Tokyo Stock Exchange (ticker: 5401). Operating through capital-intensive in-house manufacturing, the company deeply focuses on metal structural materials within the full spectrum of building materials, offering a comprehensive portfolio spanning seismic H-beams, high-strength steel plates, Zn-Al-Mg coated steel (ZAM®/SuperDyma®), high-end architectural titanium (TranTixxii®), stainless steel facades, solar mounting systems, and low-carbon green steel (NSCarbolex®). With FY2024/2025 revenue of approximately JPY 8.8 trillion (around $58 billion), Nippon Steel operates four mega-scale integrated steelworks in Japan, along with dozens of manufacturing facilities in India, Southeast Asia, and North America, employs approximately 106,000 people, and has global crude steel capacity of 66 million tons. Powered by world-leading high-end steel technologies (ZAM® as the original Zn-Al-Mg coating, TranTixxii® titanium dominating global premium architectural facades) and the strategic $14.9 billion acquisition of U.S. Steel, Nippon Steel is solidifying its position as a premier Asian producer of high-value metal building materials through extreme technological moats and global expansion.



Strengths:  Nippon Steel's core strength lies in its world-leading high-end steel technology moat and formidable patent portfolio. As the originator of ZAM® Zn-Al-Mg coating technology, its solar mounting steel dominates global high-corrosion environments. TranTixxii® titanium panels, with semi-permanent corrosion resistance and unique aesthetics, are the specified material for world-class theaters, museums, and temples. Its exceptional product value-add delivers industry-leading profit per ton, maintaining strong profitability even during downturns. The $14.9 billion acquisition of U.S. Steel provides direct access to North American production capacity and tariff exemptions, further strengthening global supply chain resilience.

Weaknesses:  Nippon Steel's primary weaknesses include heavy dependence on Japan's domestic construction market, with aging population and permanently shrinking construction demand forcing permanent closures of aging blast furnaces and production lines (e.g., full closure of Kure Works) during 2024-2025, creating significant capacity contraction pressures. The U.S. Steel acquisition faces intense political opposition and union resistance, introducing dual uncertainties from geopolitical friction and integration costs. Intense competition from Baowu and POSCO in Asia squeezes premium pricing space, while yen volatility and imported raw material costs persistently pressure profitability.

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JapanFounded 1970136,000JPY$10.1 T419 consolidated subsidiaries… / 100
Listed onTSE5401
Last updated: November 2026·By VerityRank Research Team·Methodology

Listed market data

5401 · TSE · weeklyHistory →
Market cap
$21.6 B
Share price
JPY 657.30
1Y change
+3.3%
Recent change
+0.1%

10-30 → 11-02

Since first close
+7.8%

from 2025-09

Revenue (TTM)
JPY$10.1 T (~$66 B, FY2025)
· updated 2026-11-02

Financial history

Full market history
JPY 0$0JPY 200$6.25 BJPY 400$12.5 BJPY 600$18.75 BJPY 800$25.0 B2025-122026-012026-022026-032026-042026-052026-062026-072026-082026-092026-102026-11
MonthCloseMarket capChange
  • 2026-11JPY 657.30$21.6 B+0.1%
  • 2026-10JPY 656.50$21.6 B+0.1%
  • 2026-09JPY 656.00$21.6 B-2.1%
  • 2026-08JPY 669.80$22.1 B+3.1%
  • 2026-07JPY 649.60$21.4 B+21.2%
  • 2026-06JPY 536.10$17.7 B-5.4%
  • 2026-05JPY 566.60$18.7 B-1.0%
  • 2026-04JPY 572.30$18.8 B-0.6%
  • 2026-03JPY 575.90$19 B-9.4%
  • 2026-02JPY 636.00$20.9 B-1.5%
  • 2026-01JPY 645.90$21.3 B+0.6%
  • 2025-12JPY 641.80$21.1 B—
Monthly closes · 2025-12 – 2026-11 · Full market history

Ownership & Control

Latest available filings
Controlling entity
Publicly held — no controlling shareholder disclosed
Company type
Manufacturer
Insiders
—
Institutions
—
Free float
—

Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.

In the press

All coverage →5 latest headlines2
Headlines aggregated from public feeds. Sentiment tags are keyword-based, not editorial judgement.

Nippon Steel Corporation, headquartered in Tokyo, Japan, is a fully integrated, high-technology steel manufacturer and one of the world's largest steelmakers. Established in 2012 through the merger of Nippon Steel and Sumitomo Metal Industries, the company employs approximately 106,000 workers across manufacturing and R&D operations in over 20 countries. The company is publicly traded on the Tokyo Stock Exchange Prime Market under ticker TYO: 5401.

Core Business

Nippon Steel serves four primary business segments that span construction, architecture, renewable energy, and sustainable manufacturing. The company's construction steel division produces seismic-resistant plates and high-strength H-beams designed for supertall structures, addressing the demanding requirements of earthquake-prone regions. Its architectural materials segment includes TranTixxii® titanium and premium stainless steel products used in landmark buildings worldwide.

In the renewable energy sector, Nippon Steel manufactures ZAM®, a zinc-aluminum-magnesium alloy that has become the industry benchmark for corrosion-resistant solar mounting systems. The company's green building materials division produces NSCarbolex® low-carbon steel, supporting sustainable construction initiatives as global infrastructure development increasingly prioritizes environmental performance.

For fiscal year 2024/2025, the company projects annual revenues of approximately ¥trillion (~$58 billion USD) with core business profit expected to reach ¥700–750 billion, reflecting exceptionally strong margins derived from its specialty steel portfolio.

Global Presence

Nippon Steel operates four major integrated manufacturing complexes in Japan—East Japan, Kansai, Setouchi, and Kyushu—serving as the foundation of its domestic production capacity. Strategically, the company has secured upstream resources through investments in Australia and Canada, establishing a stable and cost-efficient supply base for raw materials.

Internationally, Nippon Steel is pursuing aggressive expansion, most notably through its AM/NS India joint venture, which is scaling capacity from 9 million to 15 million tons by 2026 to capture India's massive infrastructure growth. The company is also advancing a proposed $billion all-cash acquisition of U.S. Steel to establish direct manufacturing presence in North America, accessing automotive and construction markets while bypassing tariff barriers.

Key Strengths

As the world's fourth-largest steelmaker, Nippon Steel possesses formidable technical moats, holding the most core patents globally in electrical steel (silicon steel), automotive high-strength plates, and corrosion-resistant construction materials. Domestically, the company is accelerating its green steel transition by commissioning electric arc furnaces while consolidating aging blast furnace operations in response to Japan's demographic shifts. This combination of deep technical expertise, strategic upstream asset ownership, and disciplined international expansion positions Nippon Steel as a dominant global industrial enterprise.

VerityRank Score

VerityRank Score of 92/100 reflecting comprehensive evaluation of global market influence, production capacity, technological innovation, and sustainability performance.

Quick Facts

Headquarters

Chiyoda, Tokyo, Japan

Founded

1970

Employees

136,000

Revenue

JPY$10.1 T (~$66 B, FY2025)

Market cap

$21.6 B

Factories

419 consolidated subsidiaries with dozens of mega-scale integrated steelworks in Japan, plus operations in India, Southeast Asia, and North America

Presence

Crude steel 57.78M tonnes (2025), global capacity ~76M tonnes

Listing

Publicly Listed

Categories
Building MaterialsMetal Smelting & ProcessingMetal Products ManufacturersConstruction SteelDoors & WindowsMetal Structural Materials IndustryRailings & FencingSolar MountingMetal Structural Materials CompaniesMetal Structural Materials ManufacturersMetal Smelting & Processing CompaniesMetal Smelting & Processing FactoryRolled Metal Semi-Finished Products CompaniesSteel Raw Materials & Semi-Finished Products CompaniesSteel Raw Materials & Semi-Finished Products Manufacturers & SuppliersRolled Metal Semi-Finished Products Manufacturers & SuppliersPig Iron & Iron Products IndustryRolled Metal Semi-Finished Products IndustryScrap Steel IndustrySteel Billets IndustrySteel Raw Materials & Semi-Finished Products Industry

21 categories · scroll for more

Related

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: TYO : 5401 , Nippon Steel Official Website | Wikipedia | Tokyo Stock Exchange | Reuters