November 8, 2019

Company Name
RepresentativeStock listing
Code NumberContactTelephone: Nippon Steel Corporation: Eiji Hashimoto
Representative Director and President: First Section of Tokyo Stock Exchange, and Nagoya,Fukuoka and Sapporo Stock Exchanges: 5401: Public Relations Center, General Administration Div.
: +81-3-6867-2135

Announcement of Revision to Subsidiary’s Earnings Forecasts
Today, GEOSTR Corporation, a subsidiary of Nippon Steel Corporation (the “Company”), announced revision
to its earnings forecasts, as per the attachment.
The impact of the revision is immaterial with regard to the Company’s consolidated financial results.

(Attachment)
November 8, 2019
GEOSTR Corporation
Shingo Hayama
Representative Director and President
5282 (Tokyo Stock Exchange, Second Section)
Yoshitaka Furuhashi, Executive Director,
Finance and Accounting Team,
Business Management Headquarter+81-3-5844-1201

Company Name:
Representative:
Code Number:Contact:
Telephone:

Notice Concerning Revision to Earnings Forecasts
Considering recent trends in performance, GEOSTR Corporation (the “Company”) hereby notifies that it has revised
its earnings forecasts (consolidated and non-consolidated) for the full year of fiscal 2019 ending March 31, 2020,
which were announced on August 9, 2019.

1. Revision to Full-Year Fiscal 2019 Earnings Forecasts (April 1, 2019 – March 31, 2020)(i) Revision to Full-Year Consolidated Earnings Forecasts(Million yen)
Net sales

OperatingprofitOrdinary
profitProfit attributableto owners of parent

Earnings per
share (Yen)Previous forecasts (A)29,000

800

800

100

3.20

Revised forecasts (B)29,000

1,000

1,000

200

6.39

Increase/Decrease (B-A)

－

200

200

100－

Change (%)

－

25.0

25.0

100.0

－

34,266

3,504

3,507

2,022

64.65

(For reference)
Results for fiscal 2018 ended
March 31, 2019(ii) Revision to Full-Year Non-Consolidated Earnings Forecasts(Million yen)
Net sales

Operatingprofit

Ordinary
profitEarnings pershare (Yen)Net profit

Previous forecasts (A)28,100

960

960

160

5.11

Revised forecasts (B)28,100

1,050

1,050

230

7.35

Increase/Decrease (B-A)

－9090

70－

Change (%)

－

9.4

9.4

43.8

－

33,134

3,516

3,536

2,044

65.34

(For reference)
Results for fiscal 2018 ended
March 31, 2019

2. Reasons for the Revisions to Earnings Forecasts
In terms of the consolidated operating results, net sales are expected to be 29,000 million yen, unchanged comparedto the previous forecasts.
With regard to profit and loss, operating profit and ordinary profit are both expected to be 1,000 million yen (up25.0% from the previous forecasts), and profit attributable to owners of parent is expected to be 200 million yen (up100.0% from the previous forecasts), due to an improvement in the gross margin ratio resulting from increased
production and thorough cost reduction.
As for the non-consolidated operating results, net sales are expected to be 28,100 million yen (unchanged comparedto the previous forecasts), operating profit and ordinary profit are both expected to be 1,050 million yen (up 9.4% fromthe previous forecasts), and net profit is expected to be 230 million yen (up 43.8% from the previous forecasts), due tothe same reasons as those for the revision to the consolidated operating results.

Note: The above forecasts are based on information that was available on the announcement date of this release.
Actual results may differ from the forecasts due to various risks and uncertainties.