Nippon Steel: R&D spending 2021

In the fiscal year 2021, the Japanese steel producer Nippon Steel invested approximately 66.43 billion Japanese yen in research and development, up from about 65.34 billion yen in the preceding fiscal year.
The predecessor of Tokyo-headquartered Nippon Steel Corporation was established in 1950; today, the group is among the leading steel producers in the world.

Research and development expenses of Nippon Steel Corporation from fiscal year 2012 to 2021 (in billion Japanese yen)

Characteristic	R&D costs in billion Japanese yen
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Release date

November 2022

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Region

Japan

Survey time period

fiscal years 2012 to 2021; the company's fiscal years start on April 1 of the stated year and end on March 31 of the following year

Supplementary notes

*The amounts stated for fiscal 2012 are the sum of Nippon Steel's amounts for the first half (April 1 to September 30) of fiscal 2012 and NSSMC's amounts for the second half (October 1 to March 31) of fiscal 2012. Nippon Steel and Sumitomo Metal merged in fiscal 2012 to NSSMC. As of April 2019, the trade name changed to Nippon Steel Corporation.
**From fiscal year 2018 onwards, figures follow the IFRS, while figures for fiscal year 2017 and before were calculated based on JGAAP standards.

The source does not provide an exact publication date. The date mentioned here is the day of data access.
100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.
Values have been rounded.

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