For Immediate Release

August 4, 2020

Company name:

Nippon Steel Corporation

Representative:

Eiji Hashimoto, Representative Director and President

Code number:

5401

Contact:

Shinnosuke Arita, General Manager, Public Relations Center

Telephone:

+81-3-6867-2135, 2146, 2977, 3419

Announcement of Forecasts for Dividend

The Board of Directors of Nippon Steel Corporation ("the Company") held on August 4, 2020 has decided to announce the forecasts for the half year-end dividend from retained earnings as follows.

1. Reason for the Announcement

When the previous fiscal year results were announced on May 8, 2020, the Company had not determined a half year-end dividend distribution amount for the current fiscal year ending March 31, 2021. After due consideration of the earnings forecasts for the year and other factors, the Company announces that it will forgo the first-half dividend payment for the current fiscal year.

Please also refer to the "Announcement of Forecasts for Performance" released today.

2. Details for the Announcement

(Yen)

Dividends per share

End of the first half

End of the second half

Full fiscal year

Previous forecast

(released on May 8, 2020)

Current forecasts

0

Actual for the current fiscal year

ending March 31, 2021

Actual for the previous fiscal year

10

0

10

ended March 31, 2020

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Nippon Steel & Sumitomo Metal Corporation published this content on 04 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2020 06:01:03 UTC