Credit Rating & Corporate Bonds

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Rating Information

(As of June 26, 2026)
Credit Rating Long Term Short Term
R&I A+ a-1
Moody' s Baa2 -
Japan Credit Rating Agency, Ltd. (JCR) AA / Stable J-1+
S&P BBB -

Corporate Bonds & Debt


Bonds, notes, and loans of the Nippon Steel Group as of Jun. 30, 2026 consisted of the following:

  Millions of yen (¥)
Type Issue date As of
Mar. 31, 2026
Maturity date
Bonds issued by NSC
The 59th Issue of Unsecured Corporate Bonds September 2, 2008 10,000 June 20, 2028
The 1st Issue of Unsecured Corporate Bonds September 26, 2016 10,000 September 18, 2026
The 2nd Issue of Unsecured Corporate Bonds September 26, 2016 10,000 September 19, 2031
The 4th Issue of Unsecured Corporate Bonds May 25, 2017 10,000 May 20, 2027
The 6th Issue of Unsecured Corporate Bonds December 8, 2017 10,000 December 20, 2027
The 9th Issue of Unsecured Corporate Bonds June 12, 2018 20,000 June 20, 2028
The 9th Issue of Unsecured Corporate Bonds March 5, 2018 15,000 March 3, 2028
The 11th Issue of Unsecured Corporate Bonds June 14, 2018 10,000 June 14, 2038
The 12th Issue of Unsecured Corporate Bonds April 17, 2019 10,000 April 17, 2029
The 3rd Issue of Unsecured Corporate Bonds June 14, 2019 20,000 June 20, 2029
The 2nd Issue of Unsecured Subordinated Corporate Bonds September 12, 2019 30,000 September 12, 2079
The 3rd Issue of Unsecured Subordinated Corporate Bonds September 12, 2019 200,000 September 12, 2079
The 6th Issue of Unsecured Corporate Bonds June 17, 2020 10,000 June 20, 2030
The 7th Issue of Unsecured Corporate Bonds (Green Bond) March 9, 2023 30,000 March 17, 2028
The 8th Issue of Unsecured Corporate Bonds (Green Bond) March 9, 2023 20,000 March 18, 2033
The 4th Issue of Unsecured Subordinated Corporate Bonds June 13, 2024 67,500 June 13, 2059
The 5th Issue of Unsecured Subordinated Corporate Bonds June 13, 2024 20,000 June 13, 2061
The 6th Issue of Unsecured Subordinated Corporate Bonds June 13, 2024 80,000 June 13, 2064
Euro-yen Denominated Convertible Bonds with Stock Acquisition Rights Due 2029 March 12, 2026 300,000 February 14, 2029
Euro-yen Denominated Convertible Bonds with Stock Acquisition Rights Due 2031 March 12, 2026 300,000 February 14, 2031
2037 Senior Notes (U. S. Steel) May 21, 2007 43,829 June 1, 2037
2029 Senior Notes (U. S. Steel) February 11, 2021 75,942 March 1, 2029
Environmental Revenue Bonds (U. S. Steel) August 17, 2012 - March 24, 2026 296,472 December 1, 2026 - May 1, 2053
Environmental Revenue Bonds (Big River Steel) May 21, 2019 255 September 1, 2049
2029 Senior Notes (Big River Steel) September 18, 2020 115,113 January 31, 2029
  Millions of yen (¥)  
Loans: As of
Mar. 31, 2026
Average
interest rate (%)
Maturity date
Short-term borrowings 167,112 3.0 -
Current portion of long-term borrowings repayable within one year 226,170 1.0 -
Current portion of bonds repayable within one year 54,205 1.3 -
Current portion of lease liabilities repayable within one year 43,516 1.9 -
Commercial papers 15,000 1.3 -
Long-term borrowings 2,895,691 1.9 July 22, 2080
Bonds 1,669,471 2.2 September 12, 2079
Lease liabilities 103,086 1.9 March 31, 2076
Total ¥5,174,253    

"Average interest rate" represents the weighted average interest rate to the aggregate balance at the end of the reporting period.