November 11, 2022
To Whom It May Concern:
Company Name:
Representative:
Stock listing:Code Number:Contact:
Telephone:

Nippon Steel Corporation
Eiji Hashimoto
Representative Director and President
Prime Market of Tokyo Stock Exchange, and Nagoya,Fukuoka and Sapporo Stock Exchanges
5401
Public Relations Center, General Administration Div.
+81-3-6867-2135, 2146, 2977, 3419

Announcement of Differences between Subsidiary’s Earnings Forecasts for the First Halfof Fiscal 2022 and Actual Results
Today, GEOSTR Corporation, a subsidiary of Nippon Steel Corporation (the “Company”), announced
differences between earnings forecasts for the first half of fiscal 2022 ending March 31, 2023 and actual results,
as per the attachment.
The impact of the revision is immaterial with regard to the Company’s consolidated financial results
for fiscal 2022 ending March 31, 2023.

(Attachment)

November 11, 2022

To Whom It May Concern
Company Name:
Representative:
Code Number:Contact:

Telephone:

GEOSTR Corporation
Shingo Hayama
Representative Director and President
5282(Tokyo Stock Exchange, Standard Market)
Shinichi Yamatoko
Finance and Accounting Department,
Business Management Headquarters+81-3-5844-1201

Notice Concerning Differences between Earnings Forecasts for the First Half of Fiscal 2022
and Actual Results
GEOSTR Corporation (“the Company”) hereby notifies the differences between the earnings forecasts (consolidated)
for the first half of fiscal 2022 ending March 31, 2023 announced on August 5, 2022 and the earnings forecasts (nonconsolidated) for the first half of fiscal 2022 ending March 31, 2023 announced on May 13, 2022, and the actual results
announced today.

1. Differences between the actual financial results and the earnings forecasts for the first half of fiscal 2022 (April 1,2022 - September 30, 2022)(i) Differences between the actual financial results and the consolidated earnings forecasts for the first half
(Million yen)
Net sales

OperatingprofitOrdinary
profitProfit attributableto owners of parent

Earnings
per share (Yen)Previous forecast (A)12,400

650

650

430

13.74

Actual result (B)10,992

814

823

474

15.16

Increase/Decrease (B-A)(1,407)

164

173

44

－

Change (%)(11.4)

25.2

26.7

10.3

－(Reference) Results for the first halfof the previous fiscal year, ended
March 31, 2022

12,565

763

767

480

15.37(ii) Differences between the actual financial results and the non-consolidated earnings forecasts for the first half
(Million yen)
Net sales

OperatingprofitOrdinary
profitProfit attributableto owners of parentEarnings
per share (Yen)Previous forecast (A)12,2004504503009.59

Actual result (B)10,780

864

873

531

16.99

Increase/Decrease (B-A)(1,419)

414

423

231

－

Change (%)(11.6)

92.1

94.1

77.2

－

(Reference) Results for the first halfof the previous fiscal year, ended
March 31, 2022

12,464

807

813

545

17.43

2. Reasons for the Differences
In terms of the consolidated operating results, net sales were 10,992 million yen (down 11.4% from the previousforecast), mainly due to the postponement of certain projects to the next fiscal year.
Meanwhile, regarding the profit and loss, operating profit was 814 million yen (up 25.2% from the previous forecast),ordinary profit was 823 million yen (up 26.7% from the previous forecast), and profit attributable to owners of parent
was 474 million yen (up 10.3% from the previous forecast). The actual results exceeded the previous forecasts owing tosuch factors as favorable shifts in project composition and cost reduction measures.
As for the non-consolidated operating results, net sales were 10,780 million yen (down 11.6% from the previousforecast), operating profit was 864 million yen (up 92.1% from the previous forecast), ordinary profit was 873 million
yen (up 94.1% from the previous forecast), and profit attributable to owners of parent was 531 million yen (up 77.2%
from the previous forecast), due to the same reasons as described for consolidated results.

Concerning the full-year earnings forecasts, the Company plans to exhaustively review future project trends, etc. andannounce further revisions as needed.