Dividend Policy

Text Size

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.
2030 Medium- to Long-Term Management Plan (FY2026–FY2030): Maintain the current dividend policy (target payout ratio of approx. 30%) while introducing a minimum dividend (JPY24 per share).

Dividend of FY2025

For fiscal 2025, the final year of the medium- to long-term management plan, Nippon Steel plans to distribute a full-year dividend of JPY24 per share including a year-end dividend of JPY12 per share (a full-year dividend of JPY120 per share before consideration of the stock split), the same as previously announced (Nov. 5th). (A cumulative payout ratio of approximately 30% over the five-year period from fiscal 2021 to fiscal 2025 excluding the impact of the one-off loss associated with the U. S. Steel transaction.)