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 FY2022
In accordance with the basic profit distribution policy described above, Nippon Steel paid a dividend of \90 per share at the end of the first half. Regarding the fiscal year-end dividend, as disclosed at the third quarter results announcement (February 9, 2023), management has decided to propose a year-end dividend of \90 per share (the annual dividend will be a record-high at \180 per share) at the General Meeting of Shareholders.
Dividend of FY2023
For FY2023, Nippon Steel plans to distribute a full-year dividend of \140 or more per share (including an interim dividend of \70 or more).