Stable revenue and supply model combining relationship-based sales and counter sales

「A high proportion of the Group’s sales consists of “relationship-based sales,” under which it continues to make stable deliveries to large customers. Relationship-based sales are relatively less exposed to the risk of fluctuations in selling and procurement unit prices caused by market conditions, enabling the Group to secure stable sales volumes and values. The Group is also focusing on and expanding “counter-sales inventory sales,” under which it forecasts demand and market conditions, holds inventory in advance and sells it, and “counter sales,” under which it procures and resells steel products ordered by customers from other companies.」