	nippon steel to reduce dividend nippon steel corp nstc t plans to reduce its dividend to three yen in the year ending march from the five yen of a company spokesman said the company estimated parent company current losses at billion yen in including a gain of billion yen from the sale of securities this compares with a billion yen profit a year earlier sales in are seen at billion yen down from billion a year ago poor business prospects were attributed to the yen s rise and slow world steel demand nippon is expected to report parent company results in late may total crude steel production is estimated at mln tonnes down from mln a year earlier crude steel production is likely to be below output but forecasts for profits and sales in the year starting april are unavailable yet he said reuter 
