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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,604JPY
10:29pm EDT
Change (% chg)

¥32 (+1.22%)
Prev Close
¥2,572
Open
¥2,590
Day's High
¥2,610
Day's Low
¥2,572
Volume
1,227,800
Avg. Vol
3,496,926
52-wk High
¥2,912
52-wk Low
¥1,788

Latest Key Developments (Source: Significant Developments)

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

Osaka Steel appoints Masaki Iwasaki as new president
Wednesday, 1 Mar 2017 02:00am EST 

Osaka Steel Co Ltd <5449.T> : Says it appoints Masaki Iwasaki as new president .Official appointment will be announced in late-June.  Full Article

Nippon Steel & Sumitomo Metal starts offering ToB for shares of Nisshin Steel
Thursday, 2 Feb 2017 01:01am EST 

Nippon Steel & Sumitomo Metal Corp <5401.T> : Says Nippon Steel & Sumitomo Metal Corp is offering a takeover bid for 46,896,300 shares of Nisshin Steel Co Ltd's <5413.T> stock, at the price of 1,620 yen per share . Says co will hold 51.03 percent stake in Nisshin Steel(560,205 voting rights), up from 8.31 percent (91,242 voting rights) . Total acquisition amount is 75,972,006,000 yen . Say the offering period from Feb. 3 to March 6 . Settlement date is March 13 .Nisshin Steel will remain listing on TSE after transaction.  Full Article

Vallourec says merges its two Brazilian companies
Monday, 3 Oct 2016 02:42am EDT 

Vallourec : Co holds majority stake of 84.6% in vallourec soluções tubulares do brasil, nippon steel & sumitomo metal corp 15%, and sumitomo corp 0.4%. .Finalized merger of vallourec tubos do brasil and vallourec & sumitomo tubos do brasil on 1 october 2016.  Full Article

Nippon Steel & Sumitomo Metal is on track to generate 20 billion yen pretax profit abroad in the current year through March 2017-Nikkei
Friday, 2 Sep 2016 01:09pm EDT 

: Nippon Steel & Sumitomo Metal is on track to generate 20 billion yen ($192 million) pretax profit abroad in the current year through March 2017 - Nikkei .Nippon Steel & Sumitomo Metal sees group pretax profit plunging 35 perceny to 130 billion yen this fiscal yeaR - Nikkei.  Full Article

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Nippon Steel plans to raise product prices by 5,000 yen/T in Apr-Sept

TOKYO Nippon Steel & Sumitomo Metal Corp plans to raise prices of its steel products by about 5,000 yen per tonne in the April-September half to reflect rising costs of materials and distribution, its president said on Friday.