September 4, 2020

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, 2146, 2977, 3419

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
for fiscal 2020 ending March 31, 2021.

(Attachment)
September 4, 2020
GEOSTR Corporation
Shingo Hayama
Representative Director and President
5282 (Tokyo Stock Exchange, Second Section)
Shinichi Yamatoko,
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 fiscal 2020 ending March 31, 2021, which wereannounced on May 15, 2020.

1. Revision to Fiscal 2020 Earnings Forecasts (April 1, 2020 – March 31, 2021)(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)30,800

800

800

500

15.98

Revised forecasts (B)30,9001,100

1,100740

23.65

Increase/Decrease (B-A)

100300

300

240

－

Change (%)

0.3

37.5

37.5

48.0－

27,832

1,403

1,413528

16.89(For reference)
Results for fiscal 2019 ended
March 31, 2020(ii) Revision to Full-Year Non-Consolidated Earnings Forecasts(Million yen)
Net sales

OperatingprofitOrdinary
profitEarnings pershare (Yen)Net profit

Previous forecasts (A)30,300

800

800

500

15.98

Revised forecasts (B)30,400

1,100

1,100

740

23.65

Increase/Decrease (B-A)

100300

300

240

－

Change (%)

0.3

37.5

37.5

48.0－

27,084

1,463

1,486

544

17.42

(For reference)
Results for fiscal 2019 ended
March 31, 2020

2. Reasons for the Revisions to Earnings Forecasts
In terms of the consolidated operating results, net sales are expected to be 30,900 million yen (up 0.3% from theprevious forecasts), due to such factors as the composition of projects.
With regard to profit and loss, operating profit and ordinary profit are both expected to be 1,100 million yen (up37.5% from the previous forecasts), and profit attributable to owners of parent is expected to be 740 million yen (up48.0% from the previous forecasts), mainly due to thorough cost reduction in addition to an improvement in grossprofit from increased revenue.
As for the non-consolidated operating results, net sales are expected to be 30,400 million yen (up 0.3% from theprevious forecasts), operating profit and ordinary profit are both expected to be 1,100 million yen (up 37.5% from theprevious forecasts), and net profit is expected to be 740 million yen (up 48.0% from the previous forecasts), due to thesame 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.