Profit Distribution

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Policy

We will also contribute to society by providing excellent products and services, and distributing profit to employees, government, shareholders, and other stakeholders.

Target and KPI

  1. 1Salary and wages payment to employees
    • Bonus payment amount
    • Revised amount of salary
  2. 2Appropriate tax payment
    • Tax payment (consol.)
  3. 3Dividend payment to shareholders
    • Dividend payment
      * Target consolidated payout ratio: around 30%
      (Investment plan: FY2021-2025 of Medium- to Long-term Management plan)

Main Initiatives and Achievements

Investment in human capital

Amid intensifying recruitment competition due to a declining population, diversification of individual career perspectives, and increasing mobility in the labor market, we need to secure human resources and promote their active participation in our business to advance our diverse management strategies toward realizing the 100 Million Tons and 1 Trillion Yen Vision, and we have positioned it as one of the most important management issues.

In April 2024, as an investment in human resources for our productivity enhancement, we implemented a major revision of the employee benefit plan, with the objective of providing our employees with top-class benefits in the domestic manufacturing industry. The list of actions we will continue to implement includes: diverse measures for hiring, support for balancing work and personal life, work, and human resource development, etc. in order to secure and promote human resources, as well as PR measures to raise favorable recognition of the company.

Achievements in FY2024
Base bonus amount: ¥2.30 mn
Revised amount of salary: + ¥35,000

Appropriate tax payment

Nippon Steel complies with relevant laws and regulations and pays tax appropriately in all countries in which it operates. The Company maintains transparent, constructive communication with tax authorities, eliminates action that could be construed to be for evasion of taxes, and bear a fair tax burden.

Achievements in FY2024
Tax payment (consol.): ¥180,8 bn

Dividend payment to shareholders

For more details, please refer to Dividend Policy

Achievements in FY2024
Dividend per share: ¥160/year