Nippon Steel's R&D costs FY 2014-2023
In the fiscal year 2023, the Japanese steel producer Nippon Steel invested approximately 72.74 billion Japanese yen in research and development, up from about 70.56 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.