Nippon Steel posted a near-total collapse in net profit for fiscal year 2025-26, falling ninety-five percent to just seventeen point two billion yen, even as revenues climbed fifteen point seven percent to over ten trillion yen. Chinese steel oversupply, weak global construction demand, & the Middle East conflict all hit earnings hard. The company forecasts a strong recovery in fiscal year 2026-27, targeting two hundred and twenty billion yen in net profit, but warns that geopolitical risks remain difficult to quantify.