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
Based on the Company’s increase of profit in the earnings forecasts for Fiscal 2023 since the announcement of the previous earnings forecasts on November 1, 2023, Nippon Steel plans to increase the end of the second half(year-end) dividend for Fiscal 2023 by \10 from the previous dividend forecasts to \85 per share with a view to achieving a continuous high-level return to shareholders.
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