Osaka Steel Opposes Share Buyback and Earnings Surplus Disposition Proposals | May 2026

Financial Overview

Osaka Steel expressed opposition on May 12, 2026, to the shareholder proposals regarding share buyback and earnings surplus disposition. The proposals requested to acquire treasury shares from Nippon Steel and increase dividends, but the Board of Directors considers these actions could adversely affect the company's financial condition and business management. The details and reasons of the proposals are explained, contrasting current financial status and policies based on the company’s medium-term management plan.

Future Outlook and Impact on Shareholders

Osaka Steel opposes the proposals, noting that executing share buyback and surplus disposition could threaten financial soundness and business stability. The company intends to maintain its current capital policy while strengthening financial health and enhancing corporate value. For shareholders, the stance supports the existing management strategy and offers prospects for long-term value creation.