Based on its Corporate Philosophy, Management Principles and Employee Code of Conduct, the Nippon Steel Trading Group (NST Group) strives to build a fair and favorable relationship with stakeholders. The NST Group establishes and improves a business execution system that ensures soundness, transparency, and efficiency in management as well as an effective corporate governance system that appropriately incorporates monitoring and supervision functions and risk management by the organizations, including Audit & Supervisory Council and Risk Management Committee, to achieve sustainable growth and increase corporate value over the medium to long term.