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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,583JPY
26 Sep 2017
Change (% chg)

¥19 (+0.74%)
Prev Close
¥2,564
Open
¥2,565
Day's High
¥2,591
Day's Low
¥2,564
Volume
3,425,000
Avg. Vol
3,407,481
52-wk High
¥2,912
52-wk Low
¥1,970

Latest Key Developments (Source: Significant Developments)

J-Stream completes stake acquisition in Innoqos
Thursday, 31 Aug 2017 02:09am EDT 

Aug 31(Reuters) - J-Stream Inc <4308.T>:Says it completed stake acquisition in a Tokyo-based firm Innoqos, on Aug. 31.Acquisition plan was announced on June 30.  Full Article

R&I affirms Nippon Steel & Sumitomo Metal's rating at "A+" and changes outlook to stable -R&I
Wednesday, 16 Aug 2017 02:32am EDT 

Aug 16 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" -R&I.Says rating outlook changed to stable from negative -R&I.  Full Article

Nippon Steel: plans to produce 20.40 mln T of crude steel in H1 vs 21.51 mln T yr ago
Friday, 28 Jul 2017 02:43am EDT 

July 28 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:says plans to produce 20.40 million tonnes of crude steel on parent basis in Apri-Sept, versus 21.51 million t a year earlier.executive says expects about 42 million tones of crude steel output in fy2017/18, in line with or below 42.62 million t last year.executive says sees coking coal price continuing to hover at $160-170 per tonne for time being.executive says annual forecast does not include any impact from potential trade actions by US government against steel imports.  Full Article

Sumitomo Precision Products updates on shareholding change
Thursday, 27 Apr 2017 02:16am EDT 

April 27(Reuters) - Sumitomo Precision Products Co Ltd <6355.T>:Says share transfer effective date is changed to May 9 from April 27.Details was disclosed on March 27.  Full Article

NS Solutions to retire 6.5 mln treasury shares
Tuesday, 28 Mar 2017 02:30am EDT 

NS Solutions Corp <2327.T>: Says it will retire 6.5 million shares (6.1 percent stake) of its common stock on April 14 .Says the total shares outstanding will be 99.5 million shares after the retirement.  Full Article

Sumitomo to purchase 26 pct stake in Sumitomo Precision Products Co Ltd for about 5.2 bln yen
Monday, 27 Mar 2017 02:46am EDT 

Sumitomo Corp <8053.T>: Says Sumitomo will purchase 13,745,441 shares of Sumitomo Precision Products Co Ltd <6355.T>, from Nippon Steel & Sumitomo Metal Corporation <5401.T>, for about 5.2 billion yen in all . After the transaction, Sumitomo will become the top shareholder of Sumitomo Precision Products, with 27.7 percent stake (14,625,441 shares), up from 1.7 percent (880,000 shares) . Nippon Steel & Sumitomo Metal will become the second top shareholder of Sumitomo Precision Products, with 14.6 percent stake (7,719,357 shares), down from 40.7 percent (21,464,798 shares) .Effective date April 27.  Full Article

Nippon Steel & Sumikin Bussan says Mitsui & Co may increase stake in it
Tuesday, 21 Mar 2017 07:15pm EDT 

: Nippon Steel & Sumikin Bussan <9810.T> says Mitsui & Co <8031.T> considering increasing stake in it . Matter to be discussed at board meeting Wednesday . Nikkei newspaper reporter earlier Mitsui & Co may increase stake as early as fiscal 2017 Further coverage: [nFWN1GY0R8] (Reporting By Chris Gallagher) ((chris.gallagher@thomsonreuters.com;)).  Full Article

Mitsui & Co to increase stake in Nippon Steel & Sumikin Bussan - Nikkei
Tuesday, 21 Mar 2017 06:24pm EDT 

Nikkei:Mitsui & Co plans to increase its stake in Nippon Steel & Sumitomo Metal's trading co, Nippon Steel & Sumikin Bussan, as early as fiscal 2017 - Nikkei.  Full Article

Topy Industries to fully acquire wheel firm from Nippon Steel & Sumitomo Metal
Wednesday, 8 Mar 2017 01:18am EST 

Topy Industries Ltd <7231.T>: Says it plans to acquire 100 percent stake in a Okayama-based wheel firm from Nippon Steel & Sumitomo Metal Corp <5401.T> .Says effective in October.  Full Article

Nippon Steel&Sumitomo Metal says result of takeover bid for shares of Nisshin Steel <5413.T>
Tuesday, 7 Mar 2017 01:48am EST 

Nippon Steel&Sumitomo Metal Corp <5401.T>: Says it will buy 46.9 million shares of Nisshin Steel <5413.T> via takeover bid at 76.16 billion yen in total on March 13 .Says it will hold 51 percent stake in Nisshin Steel <5413.T> after acquisition, up from 8.3 percent.  Full Article

CORRECTED-Japan steelmakers' shares fall after reports of price cuts

TOKYO, Aug 24 Shares of Nippon Steel & Sumitomo Metal Corp and other Japanese steelmakers fell on Thursday after media reports the country's biggest producer of steel had agreed on price cuts for the six months through September with Toyota Motor Corp.