{"id":77000,"date":"2026-07-07T15:48:47","date_gmt":"2026-07-07T06:48:47","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/5631-20260707-01_wp_business_update\/"},"modified":"2026-07-07T15:48:47","modified_gmt":"2026-07-07T06:48:47","slug":"5631-20260707-01_wp_business_update","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-5631\/ir\/5631-20260707-01_wp_business_update\/","title":{"rendered":"Mid-Term Management Plan \u201cJGP2028\u201d Update Notice"},"content":{"rendered":"<p>Publicizes progress and updates on JGP2028. Addresses materiality resolution, future capital and business initiatives, and progress toward financial targets, reaffirming the 2033 outlook and financial goals.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5631","jir_company_name":"Nippon Steel Works Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-07-07","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/07\/5631-20260707-01.pdf","jir_short_summary":"Publicizes progress and updates on JGP2028. Addresses materiality resolution, future capital and business initiatives, and progress toward financial targets, reaffirming the 2033 outlook and financial goals.","jir_summary":"### Key takeaways from the Update\nReaffirms the positioning and basic policy of the mid-term management plan JGP2028, outlining a strategy to simultaneously resolve materiality and enhance corporate value. Based on results through FY2027 and the 27.3 term, and the 27.3 term forecast, it clarifies the 2033 financial targets.\n\n### Future roadmap and financial targets\nSets financial targets aiming for growth into a corporate group with around \u00a55000 billion in sales, presenting target ranges for sales, operating income, and ROE. Reorganizes the overall framework including capital policy, dividend policy, and investment strategy to balance capital efficiency improvement with sustainable growth.","jir_financial_highlights":"Sales: Not disclosed (Not disclosed)\nOperating income: Not disclosed (Not disclosed)\nROE: Not disclosed (Not disclosed)","jir_category":"","jir_hashtags":"#NipponSteelWorks, #MidTermPlan, #JGP2028","jir_key_figures":"FY2033 target: Sales around \u00a55,000 billion, ROE 11\u201312%, ranges for EBITDA and other metrics not disclosed\nFY27.3 actuals\/forecast: Difference between actuals and forecast not disclosed\nDividend policy: Target dividend payout ratio of 35% or higher on a consolidated basis, DOE floor set at 2.5% (interpretation aligns with table description in the PDF)","jir_meta_title":"\u3010Nippon Steel Works\u3011JGP2028 Update | Progress on Mid-Term Plan and Financial Targets","jir_meta_description":"Latest update on Nippon Steel Works\u2019 mid-term management plan JGP2028. Summary of progress, materiality resolution, reaffirmed financial targets, and perspectives on future investment and dividend policies for investors.","jir_og_title":"\u3010Nippon Steel Works\u3011JGP2028 Update | Progress on Mid-Term Plan","jir_og_description":"Update on JGP2028. Key points covering 2033 targets, business strategy, and outlook for financial metrics.","jir_og_image_url":"\/assets\/og\/company-business_update.jpg","jir_chart_data_collection":"[]","ir_related_company":7810,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-77000","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mid-Term Management Plan \u201cJGP2028\u201d Update Notice - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-5631\/ir\/5631-20260707-01_wp_business_update\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-5631\/ir\/5631-20260707-01_wp_business_update\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-5631\/ir\/5631-20260707-01_wp_business_update\/\",\"name\":\"Mid-Term Management Plan \u201cJGP2028\u201d Update Notice - 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