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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,601JPY
24 Mar 2017
Change (% chg)

¥16 (+0.64%)
Prev Close
¥2,584
Open
¥2,583
Day's High
¥2,618
Day's Low
¥2,568
Volume
3,143,100
Avg. Vol
3,554,029
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

More From Around the Web

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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.