Key Developments: Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

258JPY
28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

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

R&I affirms Nippon Steel & Sumitomo Metal Corp's rating at "A+" and announces stable outlook
Thursday, 2 Jul 2015 02:00am EDT 

Nippon Steel & Sumitomo Metal Corp:R&I affirms Nippon Steel & Sumitomo Metal Corp's rating at "A+" and announces stable outlook.  Full Article

Nippon Steel & Sumitomo Metal expects extraordinary profit for Q1 of FY 2016
Wednesday, 27 May 2015 03:00am EDT 

Nippon Steel & Sumitomo Metal Corp:Expects extraordinary profit of about 33 bln yen for Q1 of FY ending March 2016, due to sale of shares.  Full Article

Nippon Steel & Sumitomo Metal to take out loan
Friday, 15 May 2015 02:00am EDT 

Nippon Steel & Sumitomo Metal Corp:To take out loan of 300,000 mln yen from four banks on July 21, for hybrid securities repayment.Maturity on July 19, 2075.  Full Article

UNIPRES announces business and capital alliances with Nippon Steel & Sumitomo Metal
Thursday, 14 May 2015 02:15am EDT 

UNIPRES CORP:Agrees on business and capital alliances with Nippon Steel & Sumitomo Metal on May 14.To cooperate to promote marketing and strengthen technology for production of automotive press components and transmission parts using high tensile material.To sell 2,650,000 treasury shares at 2,477 yen per share (6,564,050,000 yen in total) to Nippon Steel & Sumitomo Metal through private placement, on May 29.Nippon Steel & Sumitomo Metal to hold 16.46 pct stake in UNIPRES up from 10.89 pct.  Full Article

Nippon Steel & Sumitomo Metal to acquire Nippon Steel & Sumikin Texeng through share exchange
Tuesday, 28 Apr 2015 02:00am EDT 

Nippon Steel & Sumikin Texeng. Co., Ltd:Nippon Steel & Sumitomo Metal to fully acquire Nippon Steel & Sumikin Texeng through share exchange, effective Aug. 1.One Nippon Steel & Sumikin Texeng share can be exchanged to 2.10 share of Nippon Steel & Sumitomo Metal.After the acquisition, Nippon Steel & Sumikin Texeng to delist from Tokyo Stock Exchange first section on July 29.  Full Article

Nippon Steel & Sumitomo Metal to issue year-end dividend for FY 2015
Tuesday, 28 Apr 2015 02:00am EDT 

Nippon Steel & Sumitomo Metal Corp:To issue a year-end dividend of 3.5 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 25.Says latest dividend forecast was 3 yen per share.  Full Article

Nippon Steel & Sumitomo Metal to acquire Suzuki Metal Industry through share exchange
Tuesday, 28 Apr 2015 02:00am EDT 

Nippon Steel & Sumitomo Metal Corp:Nippon Steel & Sumitomo Metal to fully acquire Suzuki Metal Industry through share exchange, effective Sep. 1.One Suzuki Metal Industry share can be exchanged to 1.10 share of Nippon Steel & Sumitomo Metal.After the acquisition, Suzuki Metal Industry to delist from Tokyo Stock Exchange on Aug. 27.  Full Article

Nippon Steel & Sumitomo Metal raises year-end dividend forecast for FY 2015
Wednesday, 28 Jan 2015 11:30pm EST 

Nippon Steel & Sumitomo Metal Corp:Raised year-end dividend forecast to 3 yen per share from an undetermined value for FY ending March 2015.  Full Article

Nippon Steel sees no recovery in Asia steel prices before April

TOKYO - Nippon Steel & Sumitomo Metal, the world's No.2 steelmaker by output, sees no recovery in Asia's sagging steel prices at least until April as exports by top producer China will continue to weigh on the market, a senior executive said.

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