• Consolidated dividend annual payout ratio target: around 30%
• Factors to be considered to return the profit to shareholders include:
  • capital requirements for investments to raise corporate value,
  • our performance forecast,
  • consolidated and non-consolidated balance sheets.
• The level of the first-half dividend is determined based on consideration of interim performance figures and forecasts for the full fiscal year performance.

Dividend of FY2023

• Nippon Steel plans the full-year dividend for Fiscal 2023 of JPY150 or more per share (including an interim dividend of JPY75) with a view to achieving a continuous high-level return to shareholders.
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