Edition:
United States

Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,564JPY
25 Sep 2017
Change (% chg)

¥7 (+0.27%)
Prev Close
¥2,557
Open
¥2,575
Day's High
¥2,584
Day's Low
¥2,554
Volume
2,354,800
Avg. Vol
3,395,873
52-wk High
¥2,912
52-wk Low
¥1,970

Latest Key Developments (Source: Significant Developments)

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

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

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.