NIPPON STEEL CORP-SPON ADR Business Summary

Nippon Steel Corporation (NPSCY) operates as a global leader in the steel industry, generating revenue primarily through the manufacturing and sale of high-performance steel products. The company’s operations are divided into four primary business segments: Steelmaking and Steel Fabrication, which accounts for over 90% of total revenue; Engineering and Construction; Chemicals and Materials; and System Solutions. Its business model focuses on a premium value-added strategy, supplying specialized steel for the automotive, energy, and infrastructure sectors rather than competing solely on bulk volume. In the global market, Nippon Steel maintains a top-tier position alongside direct competitors such as ArcelorMittal, POSCO Holdings, JFE Holdings, and China Baowu Steel Group, distinguishing itself through advanced R&D and technical support for high-spec industrial applications. Formed in 1970 through the landmark merger of Yawata Iron & Steel and Fuji Iron & Steel, the company is currently led by a veteran executive team. Eiji Hashimoto serves as the Representative Director, Chairman, and CEO, having spearheaded the company’s recent global expansion and structural reforms. Tadashi Imai serves as the Representative Director, President, and COO, while Takahiro Mori holds the role of Vice Chairman and Executive Vice President, notably serving as the project leader for the high-profile acquisition of United States Steel. The leadership team is supported by a board that includes prominent outside directors such as Jun Sawada, Chairman of NTT, and Miharu Koezuka. The company’s strategic focus remains on its "Green Transformation" (GX) initiatives and the integration of large-scale overseas assets to secure its position as the world’s most competitive steelmaker.