# Who are Nippon Steel's customers? Who does Nippon Steel earn revenue from?
Canonical: https://valuechain.wiki/nippon-steel · Facet: customers · Updated: 2026-10-31T16:04:22.331636+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Nippon Steel's confirmed revenue counterparties include Mazda Motor, Nissan Motor. Per the valuechain.wiki graph: 2 revenue edges, backed by 4 dated sources, 2 of them primary filings (as of 2026-10-31).

### 마쓰다 (high)  → /mazda-motor.md
- note: Supplies high-strength steel for the all-new CX-5. Co-development reduced steel weight by 10%; bilateral sales value is undisclosed.
- [confirms] Mazda Motor (EN, ir, published 2026-09-11) https://www.mazda.com/en/mazda-mirai-base/articles/202608-nipponsteel/: "Mazda reconfirmed that the companies moved beyond a traditional buyer-supplier relationship to co-develop the all-new CX-5."
- [confirms] Nippon Steel (EN, filing, published 2026-05-13) https://www.nipponsteel.com/en/ir/library/settlement/pdf/20260513_100.pdf: "The results briefing says co-development on the Mazda CX-5 reduced steel-material weight by 10%."
- [confirms] Mazda Motor (EN, filing, published 2025-12-01) https://www.mazda.com/content/dam/mazda/corporate/mazda-com/en/pdf/investors/library/integrated-report/ir2025e_all.pdf: "Mazda identifies Nippon Steel as a long-standing supplier of various steel materials that joined the new CX-5 from early development."

### 닛산자동차 (high)  → /nissan-motor.md
- note: Nippon Steel's hydrogen-embrittlement-resistant 2.0 GPa aluminized hot-stamping sheet was adopted for body reinforcements in Nissan's all-new Elgrand; value is undisclosed.
- [confirms] Nippon Steel (EN, ir, published 2026-10-08) https://www.nipponsteel.com/en/newsroom/news/2026/20261008_100.html: "Nippon Steel says its 2.0 GPa sheet is used in underbody reinforcements of Nissan’s all-new Elgrand."

Reverse side: https://valuechain.wiki/nippon-steel/suppliers.md · Ripple: https://valuechain.wiki/nippon-steel/ripple.md

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Full node: https://valuechain.wiki/nippon-steel.md · JSON: https://valuechain.wiki/nippon-steel.json