NIPPON STEEL CORPORATION
5401・Prime Market・Iron & Steel
Governance
As a company with an audit and supervisory committee, the Board of Directors is composed of 15 directors (including 5 independent outside directors, a ratio of 1/3). An
Risk Management
The Risk Management Committee, chaired by the Executive Vice President in charge of internal control, is convened quarterly, and important matters are reported to the Management Meeting and the Board of Directors. A framework has been established whereby climate change is deliberated and managed by the GX Promotion Committee, and sustainability matters in general are deliberated and managed by company-wide committees in their respective fields.
Shareholder Returns
Consolidated dividend payout ratio target of approximately 30% per year, with dividends paid twice annually. For FY2025 (ending March 2026), an annual dividend of ¥24 (interim ¥12, year-end ¥12) is planned reflecting the stock split (1 share to 5 shares), with total dividends of ¥125,592 million. Under the 2030 Medium- to Long-Term Management Plan period (FY2027 to FY2031, ending March), the policy is to set a floor of ¥24 per share for the annual dividend.
Dividend Policy
The basic policy is to distribute profits in line with business performance, with a consolidated dividend payout ratio target of approximately 30% per year. Dividends are to be paid twice annually, at the second quarter-end and fiscal year-end, taking into account funding requirements for investments aimed at enhancing corporate value, future earnings outlook, and the consolidated and non-consolidated financial condition. The FY2025 (ending March 2026) results, on a converted basis reflecting the 1-for-5 stock split effective October 1, 2025, amount to an annual dividend per share of ¥24 (interim ¥12, year-end ¥12), with total dividends of ¥125,592 million and a payout ratio of 731.0%. During the five years of the 2030 Medium- to Long-Term Management Plan (FY2027 to FY2031, ending March), the policy is to set a floor of ¥24 per share for the annual dividend. The dividend forecast for FY2026 (ending March 2027) is an annual dividend per share of ¥24 (interim ¥12, year-end ¥12), with a forecast payout ratio of 57.1%.
ESG
Aiming to achieve carbon neutrality by 2050, the company has set a target to reduce CO2 emissions by 30% by 2030 compared to 2013 levels, and is advancing technology development such as large-scale electric arc furnaces and hydrogen reduction in blast furnaces. On the human capital front, the company has set KPIs including expanding the number of female managers (4-7x the 2020 level by 2030), promoting DEI, and developing DX talent, and is working to achieve these goals.
Last updated: June 23, 2026