Nippon Steel Subsidiary GEOSTR Sharply Lifts Profit Outlook for FY2026
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NIPPON STEEL ( (JP:5401) ) just unveiled an announcement.
Nippon Steel has disclosed that its subsidiary GEOSTR Corporation has revised upward its earnings forecast for the fiscal year ending March 31, 2026, though the change is deemed immaterial to Nippon Steel’s consolidated results for fiscal 2025. GEOSTR now projects slightly higher net sales but significantly stronger profitability than previously expected, driven by successful efforts to pass higher material and other costs through to selling prices, cost reductions including fixed costs, and the booking of an extraordinary gain on the sale of investment securities, resulting in a substantial upgrade to projected profit attributable to owners of the parent.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen714.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
More about NIPPON STEEL
Nippon Steel Corporation is a leading global steelmaker with listings on multiple Japanese exchanges, operating a broad portfolio of steel and related businesses. Its subsidiary GEOSTR Corporation, listed on the Tokyo Stock Exchange Standard, provides construction-related products and services, and contributes to Nippon Steel’s diversified revenue base within the materials and infrastructure sectors.
Average Trading Volume: 22,846,273
Technical Sentiment Signal: Buy
Current Market Cap: Yen3617.9B
For an in-depth examination of 5401 stock, go to TipRanks’ Overview page.
