Nippon Steel & Sumitomo Metal Corp (5401.T) Key Developments | Reuters.com
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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Nippon Steel & Sumitomo Metal completes share repurchase
Tuesday, 7 Jun 2016 02:11am EDT 

Nippon Steel & Sumitomo Metal Corp <5401.T>: Says it completed repurchase of 40 million shares of its common stock on June 7 .Says shares repurchased is 85.96 billion yen in total.  Full Article

Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Usiminas with Ternium - Nikkei
Tuesday, 31 May 2016 01:11pm EDT 

: Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Brazilian affiliate Usiminas with Ternium - Nikkei .One Proposal Would Give Nippon Steel & Sumitomo Metal, ownership of a Usiminas mill in Ipatinga - Nikkei.  Full Article

NIPPON STEEL & SUMITOMO METAL to offer takeover bid for shares of Nisshin Steel
Friday, 13 May 2016 03:50am EDT 

NIPPON STEEL & SUMITOMO METAL <5401.T>: Says it will offer a takeover bid for 46,896,300 shares of Nisshin Steel <5413.T> . Says it aims to hold 51 percent voting right in Nisshin Steel, and Nisshin Steel will remain listing on TSE . Says Nisshin Steel will issue new shares to it, if the company cannot buy enough shares in the takeover bid .Says it expects to announces more detailed information in Feb. 2017.  Full Article

Nippon Steel & Sumitomo Metal revises year-end dividend forecast for FY 2016
Sunday, 31 Jan 2016 11:00pm EST 

Nippon Steel & Sumitomo Metal Corp:Revises year-end dividend forecast to 15 yen per share from an undetermined value, for the fiscal year ending March 31, 2016.  Full Article

Nippon Steel & Sumitomo Metal to repurchase shares
Sunday, 31 Jan 2016 11:00pm EST 

Nippon Steel & Sumitomo Metal Corp:To repurchase up to 40 million shares, representing 4.33 pct of outstanding.Says share repurchase up to 100 billion yen in total.Says repurchase period from Feb. 2 to June 7.  Full Article

Chubu Steel Plate announces expiration of business alliance with Nippon Steel & Sumitomo Metal
Friday, 29 Jan 2016 02:50am EST 

Chubu Steel Plate Co Ltd:Announces expiration of business alliance with Nippon Steel & Sumitomo Metal Corp, effective on Jan. 29.And the 1,415,000 shares of Chubu Steel Plate's held by Nippon Steel & Sumitomo Metal will be repurchased by Chubu Steel Plate during the period from Feb. 2 to Feb. 29.  Full Article

Nippon Steel & Sumitomo Metal lowers consolidated full-year outlook for FY 2016
Thursday, 29 Oct 2015 02:00am EDT 

Nippon Steel & Sumitomo Metal Corp:Says the company lowered the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 5,000,000 million yen from 5,100,000 million yen.Ordinary profit forecast decreased to 250,000 million yen from 370,000 million yen.Net profit forecast decreased to 180,000 million yen from 260,000 million yen.Earnings per share decreased to 196.00 yen from 282.85 yen.FY 2016 revenues of 5,051.43 billion yen, net income of 238.29 billion yen – Thomson Reuters I/B/E/S.Comments that impact of overseas market environment and downturn of demand are the main reasons for the forecast.  Full Article

Nippon Steel & Sumitomo Metal reaches settlement with POSCO
Wednesday, 30 Sep 2015 04:15am EDT 

Nippon Steel & Sumitomo Metal Corp:Reaches settlement with POSCO and POSCO Japan and the company's former employee in a lawsuit filed by the company on April 19, 2014 with Tokyo district court.Reaches settlement with POSCO and POSCO America in a lawsuit filed by the company on April 24, 2012 with the United States District Court for the District of new jersey.Reaches settlement with POSCO and POSCO America in a lawsuit filed by the company on July 19, 2012 with Korea Daegu District Court.Says the company has received the settlement of 30 bln yen from POSCO on Sep. 30.  Full Article

Nippon Steel & Sumitomo Metal raises mid-year dividend forecast for FY 2016
Wednesday, 29 Jul 2015 02:00am EDT 

Nippon Steel & Sumitomo Metal Corp:Raised mid-year dividend forecast to 3 yen per share from an undermined value for FY ending March 2016.  Full Article

Nippon Steel & Sumitomo Metal amends consolidated mid-year and full-year outlook for FY 2016
Wednesday, 29 Jul 2015 02:00am EDT 

Nippon Steel & Sumitomo Metal Corp:Says the company increased the consolidated mid-year outlook for revenue to 2,500,000 million yen from an undermined value for FY ending March 2016.Ordinary profit forecast increased to 150,000 million yen from an undermined value.Net profit attributable to parent company's shareholders forecast increased to 115,000 million yen from an undermined value.Earnings per share increased to 12.56 yen from an undermined value.Says the company increased the consolidated full-year outlook for revenue to 5,100,000 million yen from an undermined value for FY ending March 2016.Ordinary profit forecast increased to 370,000 million yen from an undermined value.Net profit attributable to parent company's shareholders forecast increased to 260,000 million yen from an undermined value.Earnings per share increased to 282.85 yen from an undermined value.FY 2016 revenues of 5,377.46 billion yen, net income of 280.39 billion yen – Thomson Reuters I/B/E/S.  Full Article

Brazil judge overturns bar on CSN appointees to Usiminas board

SAO PAULO, June 17 A judge in Brazil has overturned an appeal ruling and decided to reinstate permission for steelmaker CSN to make appointments to the board of rival Usiminas, in which CSN has a stake.