For Immediate Release

April 26, 2018

Company name:

Nippon Steel & Sumitomo Metal Corporation

Representative:

Kosei Shindo, Representative Director and President

Code number:

5401

Contact:

Fumiaki Ohnishi, General Manager, Public Relations Center

Telephone:

+81-3-6867-2130

Notice Concerning Dividends

Nippon Steel & Sumitomo Metal Corporation ("the Company") announces that the Board of Directors of the Company held on April 26, 2018 has decided to submit a request for approval of the year-end dividend as follows to the 94th General Meeting of Shareholders scheduled to be held on June 26, 2018.

1. Details of Year-end Dividend

Amount

Previous forecast

(Feb. 1, 2018)

Fiscal year ended March 31, 2017

Record date

March 31, 2018

March 31, 2018

March 31, 2017

Year-end dividend per share of common stock

40 yen

30 yen

45 yen

Total dividend

35,355 million yen

39,776 million yen

Effective date

June 27, 2018

June 28, 2017

Source of funds for dividend

Retained earnings

Retained earnings

2. Reason

Based on the Company's increase of profit compared to the previous earnings forecasts announced on February 1, 2018, the Company plans to request the approval of the General Meeting of Shareholders to increase the planned dividend by ¥10 and also distribute a year-end dividend payment of ¥40 per share in accordance with the basic profit distribution policy described previously announced. This would bring the full-year dividend distribution amount to ¥70 per share, representing a consolidated payout ratio of 31.7% for fiscal 2017.

(Reference) Fiscal year Dividends Breakdown

Annual ordinary dividend per share (Yen)

Record date

September 30 (Interim)

March 31 (Year-end)

Fiscal year

Fiscal year ended March 31,2018

30

40

70

Fiscal year ended March 31,2017

0

45

45

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Disclaimer

Nippon Steel & Sumitomo Metal Corporation published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 04:43:01 UTC