Rakuten Securities analyst Masayuki Kubota has raised the investment rating on Nippon Steel from Hold to Buy. In the April to June 2026 quarter, business profit rose 58.1 percent year-on-year to 145.5 billion yen, and consolidated net profit swung to a 75.2 billion yen surplus, with the acquired US Steel making a significant contribution. Full-year business profit guidance has been revised upward from 530 billion yen to 630 billion yen, and net profit guidance from 220 billion yen to 290 billion yen, with US Steel expected to contribute 180 billion yen in business profit for the full year. In addition to the stock's attractive valuation at 0.64 times price-to-book ratio, the smooth start of the US growth strategy through the US Steel acquisition was also cited as a positive factor.
NIPPON STEEL CORP.Analyst upgrade to Buy, strong earnings, raised guidance, and undervalued P/B ratio.
