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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 FY2021
After due consideration ofthe earnings forecasts for the year and other factors, in accordance with the basic profit distribution policy described above, Nippon Steelis planning to pay a dividend of 55 yen per share at the end of the first half (representing a consolidated dividend payout ratio of approximately 25%).