Nippon Steel Corp. · TSE:5401
Nippon Steel — Shareholder Meeting (June 2020)
8 slides from Nippon Steel's shareholder meeting presentation, Jun 24, 2020
Slide 1: Nippon Steel's Business Challenges and Measures to Take
Nippon Steel’s Business Challenges and Measures to Take
Slide 2: FY2019 Earnings Results and First-Half of FY2020 Update
FY2019 Earnings Results and First-Half of FY2020 Update FY2019 Earnings Results Steel demand for the manufacturing industry was sluggish, prompted by U.S.-China conflicts Main raw material prices stayed at high levels, due to high production by Chinese blast furnace steelmakers Continued loss in
Slide 3: Outlook of the Steelmaking Business Environment (including secular impacts of COVID-19)
Outlook of the Steelmaking Business Environment (including secular impacts of COVID-19) Demand side Domestic Concerns over sluggish/shrinking base demand, caused by declining and aging population Decline in indirect exports, driven by reduction in trade due to rampant confrontation Export Acce
Slide 4: Basic Strategy to Strengthen Profitability
B a s i c S t ra t e g y t o S t r e n g t h e n P r o f i t a b i l i t y Steady enhancement of basic strength Solidify stable production; further improve long-term contractual prices; and reduce fixed costs Strong emphasis on certain products, facilities and business activities, as a basic respons
Slide 5: Thank you, our shareholders, for your continued understanding and support
Thank you, our shareholders, for your continued understanding and support.
Slide 6: Presenter script: 96th General Meeting of Shareholders
June 24, 2020 Nippon Steel Corporation The 96th General Meeting of Shareholders Nippon Steel’s Business Challenges and Measures to Take Presenter: Eiji Hashimoto, President I would like to explain about Nippon Steel’s business challenges and measures to take. The Nippon Steel Group comprises three b
Slide 7: Presenter script: FY2019 results and dividend
measures for long-term contractual prices, and strong emphasis on competitive products and facilities to reduce fixed cost. However, the emergence of COVID-19 has changed the business landscape: demand fell substantially and our operating rate in April to June dropped to about 60%, while production
Slide 8: Presenter script: stable production and medium- to long-term strategy
strategy. We are committed to ensuring stable production in order to reestablish our manufacturing capability, which is a base for generating profit. We have made progress in improving long-term contractual prices, although we need to make further improvement in this less-than-favorable demand envir