Nippon Steel : Announcement of Revision in Forecasts for Dividend

For Immediate Release

February 3, 2022

Company name:	Nippon Steel Corporation
Representative:	Eiji Hashimoto, Representative Director and President
Code number:	5401
Contact:	Shinnosuke Arita, General Manager, Public Relations Center
Telephone:	[phone], 2146, 2977, 3419
	Announcement of Revision in Forecasts for Dividend

The Board of Directors of Nippon Steel Corporation ("the Company") held a meeting on February 3, 2022 and decided to revise the forecasts for year-end dividend from retained earnings as follows.

1. Reason for the Revision

When the first half results were announced on November 2, 2021, the Company had not determined a year-end dividend distribution amount for the current fiscal year ending March 31, 2022. After due consideration of the earnings forecasts for the year and other factors, the Company plans to distribute a dividend of ¥70 per share at the end of the second half (year-end). This would bring the full-year dividend distribution amount to ¥140 per share, reaching a record high as a full-year dividend.

2. Details for the Revision

					(Yen)
				Dividends per share
			End of the first half	End of the second half	Full fiscal year
Previous forecasts				―	―
(released on November 2, 2021)
Current forecasts				70	140
Actual for the current	fiscal	year	70
ending March 31, 2022
Actual for the previous	fiscal	year	0	10	10
ended March 31, 2021