Oct. 18, 2022
Nippon Steel Corporation
Nippon Steel Corporation has been selected to receive the 2022 Award for Excellence in
Corporate Disclosure in the Steel/Non Ferrous Metal Industry, sponsored by the Securities Analysts
Association of Japan (SAAJ), for three consecutive years. This year, in addition to the evaluation in
competition with others in the steel and non-ferrous metal industry, we received the Award for Excellence
in Disclosure to Individual Investors, for which all eligible companies are evaluated.
The SAAJ has established objective review criteria to determine the relative excellence of companies'
disclosure based on the quality, quantity, timing, and other factors related to disclosure. On this basis,
the SAAJ has created the Awards for Excellence in Corporate Disclosure for the purpose of promoting and
improving companies' information disclosure and has given the award to selected companies annually since
1995. Awards are made in three categories: specific industries, emerging market companies, and disclosure
to individual investors. In fiscal 2022, a total of 300 companies in 18 industries were screened for the
industry awards. For the category of disclosure to individual investors, 30 companies were the candidates
selected companies in the industry-specific category and the emerging market stocks category, of which
Nippon Steel took first prize.
In the selection by industry, Nippon Steel received the highest evaluation for the criterion of "IR
attitudes of management, etc." Comments from the participating analysts include: "the top
management is actively engaged in sending out information and conveys strong messages";
"communication with investors is well established and the direction of the company is clearly
indicated"; and "human resources are substantially allocated to the IR department, and that
high-level discussions can be conducted regarding the direction of the company concerning the management,
ESG, and other matters". As for ESG-related matters, we were highly evaluated for our efforts to
disseminate information on such topics as decarbonization and DX, ahead of other companies, and for the
fact that we, as a large influential company, have presented concrete action plans by identifying problems
from a multifaceted perspective.
With regard to the disclosure to individual investors, we were awarded with high remarks for such as the
business overview briefing, which is easy to understand and full of content, and for the videos posted for
each item, which are easy to use.
Nippon Steel intends to further enhance timely, appropriate, and fair information disclosure and
constructive dialogue, and meets the expectations of all stakeholders, in order to achieve sustainable
growth and mid- to long-term improvement in our corporate value.
