Nippon Steel Corp. Hits Day Low Amid Price Pressure, Closing at JPY 659.20

NIPPON STEEL CORP., a prominent player in the ferrous metals industry, experienced a notable decline today, with its stock price dropping by 3.45% to touch an intraday low of JPY 659.20. This performance stands in contrast to the Japan Nikkei 225, which fell by 1.12% on the same day. Over the past week, NIPPON STEEL CORP. showed a slight recovery with a 2.45% increase, but its longer-term performance remains concerning. The stock has recorded a 1-month decline of 1.0% and a significant 1-year drop of 1.79%. In stark contrast, the Japan Nikkei 225 has surged by 46.92% over the past year. Financial metrics indicate that NIPPON STEEL CORP. is grappling with high debt levels, reflected in its debt-to-equity ratio of 0.90. The company has reported negative results for the last four consecutive quarters, with a net profit decline of 44.16% over the past nine months. Despite a market capitalization of JPY 3,579,377 million, the stock's performance has consistently underperformed against its benchmark over the last three years, raising concerns among market observers.