Nisshin Steel Holdings Accelerates an Improvement of the Financial Strength

Nisshin Steel Holdings accelerates an improvement of the financial strength raised in medium-term management plan (fiscal 2013-16)because market environment is harder than envisioned and the financial standing has worsened due to growth strategy investment including management integration with Nippon Metal Industry. The firm will divest assets including marketable securities and idle land and control an increase of interest-bearing debt securing money for growth investment.