• 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 FY2024

• Based on our policy of providing continuous, high-level shareholder returns, Nippon Steel plans to distribute a full-year dividend of \160 per share in fiscal 2024, maintaining the same level as in fiscal 2023.
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