Kyokuto Steel June 2026 Shareholder Notification｜June 24, 2026

Matters Concerning the Controlling Shareholder

Kyokuto Steel is an affiliate with a voting rights ownership ratio of 28.1% held by Nippon Steel Corporation, and operates with management independence. Nippon Steel is an equity method affiliate of the company, but the voting ratio is less than a majority, thus there is no management involvement, and the policy is to continue autonomous management. There have been no significant changes in director appointments or transactions, and the relationship with the controlling shareholder remains stable.

Shareholder Relations and Future Outlook

Kyokuto Steel will continue to maintain its relationship with the controlling shareholder while managing independently. There are no major changes in ownership ratios or director appointments, and no significant transaction matters, providing a stable management foundation for investors. The relationship with the controlling shareholder is expected to remain good, and there will be no disruption to business operations.