Nippon Steel Corporation reported consolidated earnings results for the nine months ended December 31, 2019. Revenue was JPY 4,476,014 million compared to JPY 4,575,280 million a year ago. Operating loss was JPY 372,502 million compared to profit of JPY 241,028 million a year ago. Loss before income taxes was JPY 385,629 million compared to profit of JPY 228,484 million a year ago. Loss was JPY 351,561 million compared to profit of JPY 208,151 million a year ago. Basic loss per share was JPY 388.23 compared to profit of JPY 234.11 a year ago.

For the year ending March 31, 2020, on consolidated basis, the company now expects revenue of JPY 5,900,000 million compared to previous guidance of JPY 6,100,000 million, loss attributable to owners of the parent of JPY 440,000 million compared to previous guidance profit of JPY 40,000 million, Basic loss per share of JPY 478.00 compared to previous guidance profit of JPY 43.00.

For the year ending March 31, 2020, on non-consolidated basis, the company expects net sales of JPY 3,310,000 million, loss attributable to owners of the parent of JPY 410,000 million, Basic loss per share of JPY 445.00.