Nippon Steel : Supplementary Information on the Financial Results for the First Quarter of Fiscal 2020

Nippon Steel Corporation (5401)

August 4, 2020

Nippon Steel Corporation

Code Number: 5401

Listings: Tokyo, Nagoya, Sapporo and Fukuoka Stock Exchanges

Contact: Shinnosuke Arita, General Manager,

Public Relations Center-Tel:[phone], 2146, 2977, 3419

Supplementary Information on the Financial Results for the First Quarter of Fiscal 2020

Japanese Steel Industry

1.Crude Steel Production

(million tons)

	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
2019FY	26.11	24.55	50.66	23.65	24.11	47.76	98.43
2020FY	18.12 *)Approx. 17.70	Approx. 35.80
		(*)METI forecast

2. Inventory Volume
		Inventory at	Inventory
		manufacturers	Rolled sheets *1	H-flange beams *2
At the end of:	/shipment ratio
and distributors	(million tons)	(million tons)
		(%)
		(million tons)
June	2018	5.93	(149.3)	4.41	0.207
July	2018	5.68	(143.0)	4.20	0.208
Aug.	2018	6.01	(170.7)	4.39	0.204
Sep.	2018	6.23	(176.5)	4.40	0.198
Oct.	2018	5.87	(132.0)	4.26	0.184
Nov.	2018	5.59	(133.8)	4.14	0.184
Dec.	2018	5.74	(151.6)	4.17	0.187
Jan.	2019	5.97	(154.0)	4.40	0.195
Feb.	2019	5.93	(152.5)	4.41	0.208
Mar.	2019	5.93	(141.6)	4.47	0.219
Apr.	2019	6.02	(160.1)	4.54	0.227
May	2019	6.11	(164.7)	4.62	0.227
June	2019	6.12	(161.2)	4.57	0.220
July	2019	5.82	(145.6)	4.42	0.206
Aug.	2019	6.12	(188.8)	4.57	0.198
Sep.	2019	5.95	(157.7)	4.45	0.191
Oct.	2019	5.85	(155.4)	4.33	0.182
Nov.	2019	5.80	(158.0)	4.34	0.180
Dec.	2019	5.82	(172.0)	4.32	0.191
Jan.	2020	5.91	(173.0)	4.44	0.196
Feb.	2020	5.97	(178.4)	4.49	0.196
Mar.	2020	5.79	(158.5)	4.39	0.194
Apr.	2020	5.79	(193.7)	4.35	0.181
May.	2020	5.93	(225.4)	4.46	0.178
June. *3	2020	5.71	(195.5)	4.30	0.166

*1 Hot-rolled,cold-rolled and coated sheets

*2 Inventories of distributors dealing with H-flange beams manufactured by Nippon Steel Corporation

*3 Preliminary report

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Nippon Steel Corporation (5401)

August 4, 2020

Nippon Steel Corporation

3. Pig Iron Production

2019FY *1							(million tons)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	10.33	10.18	20.52	9.65	9.93	19.58	40.09
Nippon Steel Nisshin	0.76	0.65	1.42	0.58	0.49	1.07	2.48
Co., Ltd.
total	11.09	10.84	21.93	10.22	10.42	20.64	42.57
2020FY *2							(million tons)

	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	7.56 Approx.7.50	Approx.15.10

Including Hokkai Iron & Coke Co., Ltd..

4. Crude Steel Production
(Consolidated basis (The Company and its consolidated subsidiaries))
							(million tons)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
2019FY	12.44	11.82	24.27	11.24	11.55	22.79	47.05
2020FY	8.30	Approx.8.70	Approx.17.00			Approx.19.30	Approx.36.30

(Non-consolidated basis)

2019FY *1							(million tons)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	10.27	9.95	20.22	9.42	9.90	19.32	39.54
Nippon Steel Nisshin	0.71	0.61	1.32	0.53	0.46	0.99	2.31
Co., Ltd.
total	10.99	10.56	21.55	9.94	10.36	20.30	41.85

2020FY *2							(million tons)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	7.20	Approx.7.70	Approx.14.90			Approx.16.90	Approx.31.80
5. Steel Products Shipment
2019FY *1							(million tons)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	9.08	9.30	18.38	8.77	8.65	17.41	35.80
Nippon Steel Nisshin	0.73	0.75	1.48	0.69	0.73	1.42	2.90
Co., Ltd.
total	9.81	10.05	19.86	9.46	9.38	18.84	38.70

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						Nippon Steel Corporation (5401)
							August 4, 2020
2020FY *2							(million tons)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	7.12	Approx.7.00 Approx.14.10			Approx.15.60 Approx.29.70

6. Average Price of Steel Products
2019FY *1						(thousands of yen / ton)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	88.2	87.8	88.0	87.7	87.0	87.4	87.7
Nippon Steel	96.5	96.8	96.6	95.4	95.9	95.7	96.2
Nisshin Co., Ltd.
total	88.8	88.5	88.6	88.3	87.7	88.0	88.3
2020FY *2						(thousands of yen / ton)

	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	86.0	Approx.80	Approx.83

7. Export Ratio of Steel Products (Value basis)

2019FY *1							(%)
	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	40	41	40	40	41	40	40
Nippon Steel	11	10	11	10	11	11	11
Nisshin Co., Ltd.
total	38	38	38	38	38	38	38
2020FY *2							(%)

	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
Nippon Steel	39	Approx.40	Approx.39

8. Foreign Exchange Rate

(￥／＄)

	1st quarter	2nd quarter	1st half	3rd quarter	4th quarter	2nd half	total
2019FY	111	108	109	109	109	109	109
2020FY	108	Approx.105	Approx.106

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Nippon Steel Corporation (5401)

August 4, 2020

9. Amount of Capital Expenditure and Depreciation(Consolidated basis)

		(billions of yen)
	Capital Expenditure	Depreciation
2019FY	481.3	417.3
2020FY	Approx. 480.0	Approx. 310.0

*1 For 2019FY, the table represents the total figures of Nippon steel and Nippon Steel Nisshin Co., Ltd. (after the adjustment of transactions between them)

*2 For 2020FY, the table represents the figures after the merger of Nippon Steel Nisshin Co., Ltd.

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