Notice on Rolling of the 11th Management Plan “NIPPON KINZOKU 2030”

Section Heading

This material is a notice on the rolling of the 11th management plan “NIPPON KINZOKU 2030,” and does not include changes to vision or basic policy; it sets and discloses new rolling targets for FY2029. Reflecting changes in the external environment, including decreased demand for existing core products and delayed mass production of next-generation growth products, the final-year targets for both consolidated and standalone sales have been revised downward. We aim to shift the revenue structure and strengthen investment in high value-added items and growth areas.

Section 2 Heading

As part of future business strategy, in a rapidly changing market environment we will promote the penetration of high value-added items leveraging differentiated technologies, and will concentrate resources in strategic targets such as next-generation batteries, energy, semiconductors, and medical devices. Specifically, we aim to maximize sales of black-burnished and matte stainless, products for semiconductor factories, medical and measurement devices, and to center growth on new materials (fine pipes, fine profiles, etc.) that combine innovative technologies. Through the transformation of the earnings structure, we aim to accelerate global expansion, contribute to a decarbonized society, and create new value.