NIPPON STEEL Reports Fiscal Year 2023 Q3 Earnings Results as of December 31, 2022.

Earnings Overview

On February 13 2023, NIPPON STEEL ($TSE:5401) reported their fiscal year 2023 Q3 earnings results, as of December 31 2022, with total revenue of JPY 144.8 billion, a decrease of 30.8% year-over-year. Meanwhile, net income amounted to JPY 2087.3 billion, a rise of 17.4% compared to the same quarter the year before.

Price History

The stock opened at JP¥2763.0 and ended the day at JP¥2837.0, representing an increase of 1.9% from the previous closing price of JP¥2783.5. The company’s strong results demonstrate its ability to navigate the difficult economic conditions and volatility in the steel industry. Looking ahead, NIPPON STEEL is confident of continuing to report strong results in the coming quarters and is well-positioned to take advantage of any opportunities that may arise in the market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nippon Steel. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nippon Steel. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nippon Steel. More…

Key Ratios Snapshot

Some of the financial key ratios for Nippon Steel are shown below. More…

Analysis

GoodWhale has conducted an analysis of NIPPON STEEL‘s financials and has determined that it is medium risk in terms of financial and business aspects. Our Risk Rating technology has identified two risk warnings in their income sheet and balance sheet, which can be accessed by registering on our website. We recommend that potential investors review these warnings and consider the risks posed before making a decision to invest in NIPPON STEEL. We also suggest that investors look over the company’s performance metrics, such as sales growth, profit margins, and debt-to-equity ratio, to get a better understanding of their financial health. Furthermore, we advise investors to review any legal or regulatory issues the company may be facing, as well as any pending lawsuits, in order to ascertain whether there may be additional risk factors not captured by our Risk Rating technology. More…

Peers

Nippon Steel Corp is one of the world’s largest steel companies, competing in a dynamic market with several other leading steel producers, including Chubu Steel Plate Co Ltd, Yodogawa Steel Works Ltd, and Kalyani Steels Ltd. All four companies are engaged in the production and distribution of steel products for a variety of industries.

– Chubu Steel Plate Co Ltd ($TSE:5461)

Yodogawa Steel Works Ltd is a leading steel manufacturing company in Japan. With a market cap of 79.28B as of 2023, the company serves a range of customers with its products and services. Additionally, its Return on Equity (ROE) stands at 7.37%, indicating that the company is earning a decent return on its investments. Yodogawa Steel Works Ltd provides a wide range of steel products and services, including hot-rolled and cold-rolled steel sheets, steel pipes, steel plates, and steel bars. The company also produces special steel for various industries, including automotive, construction, and energy.

– Yodogawa Steel Works Ltd ($TSE:5451)

Kalyani Steels Ltd is a leading steel manufacturing company that provides a wide range of products and services for the automotive and engineering sector. As of 2023, the company had a market capitalization of 14.57 billion and a Return on Equity (ROE) of 11.27%. Market cap is a measure of the company’s value on the stock market and ROE shows how much money the company is generating from its assets. Kalyani Steels Ltd has been able to achieve strong returns on its equity, indicating the strong performance of the company and its ability to generate profits.

Summary

Nippon Steel‘s fiscal year 2023 Q3 earnings report, released on February 13 2023, revealed that total revenue had decreased by 30.8% compared to the same quarter of the previous year, amounting to JPY 144.8 billion.

However, net income had increased by 17.4% year over year to JPY 2087.3 billion. This may be a sign for investors that Nippon Steel is still a viable investment option, despite the decrease in overall revenue. In order to further assess the performance and potential of Nippon Steel, investors should consider conducting an in-depth financial analysis of the company’s income statement, balance sheet, and cash flow statement. They should also keep an eye on the company’s future performance and overall financial health.