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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,607JPY
9:16pm EDT
Change (% chg)

¥22 (+0.87%)
Prev Close
¥2,584
Open
¥2,583
Day's High
¥2,608
Day's Low
¥2,568
Volume
796,000
Avg. Vol
3,558,646
52-wk High
¥2,912
52-wk Low
¥1,788

Latest Key Developments (Source: Significant Developments)

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

Nippon Steel & Sumitomo Metal's group pretax profit likely to drop 10 pct for the year - Nikkei
Tuesday, 26 Jul 2016 01:13pm EDT 

Nikkei: Nippon Steel & Sumitomo Metal's group pretax profit likely will drop 10 pct for the year ending in March - Nikkei . Nippon Steel & Sumitomo Metal's FY sales likely will total 4.8 trillion yen or so, down 2 pct on the year - Nikkei . Nippon Steel & Sumitomo Metal Corp is seen logging a pretax profit of around 180 billion yen ($1.71 billion) for the year ending in March - Nikkei .Nippon Steel & Sumitomo Metal Corp's qtrly pretax profit apparently fell to near zero from 84.4 billion yen in the year-earlier quarter - Nikkei.  Full Article

BRIEF-R&I affirms Nippon Steel & Sumitomo Metal's rating at "A+", changes outlook to negative
Friday, 8 Jul 2016 03:28am EDT 

Corrects outlook in headline and 2nd bullet to "negative" from "positive". Also corrects bullets to say source is R&I, not Nippon Steel.Nippon Steel & Sumitomo Metal Corp <5401.T>: Rating and Investment Information Inc (R&I) says affirmed Nippon Steel & Sumitomo Metal's rating at "A+" .R&I says changed rating outlook to "negative" from "stable".  Full Article

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Nippon Steel expects China steel prices to hold firm this year

TOKYO Nippon Steel & Sumitomo Metal, Japan's biggest steelmaker, expects steel prices in top consumer China to hold firm at least until its Communist Party congress late this year, amid solid demand that is underpinning coking coal and iron ore markets.