Nippon Steel Corporation announced revision to earnings forecasts for the Fiscal Year Ending March 31, 2023. For the year, on consolidated basis, company expects net sales to be JPY 26,500 Million against previous guidance of JPY 30,800 Million, operating profit to be JPY 1,200 Million against previous guidance ofJPY 1,200 Million, profit attributable to owner of parent to be JPY 700 Million against previous guidance of JPY 700 Million and earnings per share to be JPY 22.37 Million against previous guidance of JPY 22.37.

For Non-Consolidated basis, company expects net sales to be JPY 26,000 Million against previous guidance of JPY 30,300 Million, operating profit to be JPY 1,200 Million against previous guidance of JPY 1,200 Million, profit attributable to owner of parent to be JPY 700 Million against previous guidance of JPY 700 Million and earnings per share to be JPY 22.37 Million against previous guidance of JPY 22.37.