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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,431JPY
25 Apr 2018
Change (% chg)

¥-28 (-1.16%)
Prev Close
¥2,460
Open
¥2,429
Day's High
¥2,434
Day's Low
¥2,404
Volume
2,427,000
Avg. Vol
3,382,710
52-wk High
¥3,132
52-wk Low
¥2,228

Latest Key Developments (Source: Significant Developments)

Nippon Steel & Sumitomo Metal announces application of International Financial Reporting Standards
Friday, 2 Mar 2018 01:46am EST 

March 2(Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says it will apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles.  Full Article

Saudi Aramco signs MOU to pursue steel production‍​
Wednesday, 28 Feb 2018 04:57am EST 

Feb 28 (Reuters) - SAUDI ARABIAN OIL CO :SIGNS MOU WITH NIPPON STEEL AND SUMITOMO METAL CORPORATION (NSSMC), SUMITOMO CORPORATION AND SUMITOMO CORPORATION SAUDI ARABIA TO CONDUCT FEASIBILITY STUDY TO PRODUCE STEEL PLATES IN RAS AL-KHAIR AREA ‍​.  Full Article

Ternium Announces Agreement With NSSMC Regarding Governance Of Usiminas
Thursday, 8 Feb 2018 04:15pm EST 

Feb 8 (Reuters) - Ternium SA ::TERNIUM ANNOUNCES AGREEMENT WITH NSSMC REGARDING GOVERNANCE OF USIMINAS.TERNIUM SA - UNIT ENTERED INTO BINDING AND IMMEDIATELY EFFECTIVE AGREEMENT WITH NIPPON STEEL & SUMITOMO METAL CORPORATION.TERNIUM SA - AGREEMENT ESTABLISHES CERTAIN NEW GOVERNANCE RULES FOR USIMINAS, CERTAIN UNDERTAKINGS FOR SETTLEMENT OF LEGAL DISPUTES.TERNIUM SA - NEW GOVERNANCE RULES FOR USIMINAS INCLUDE ALTERNATION MECHANISM FOR NOMINATION OF EACH OF CEO AND CHAIRMAN OF BOARD OF DIRECTORS.TERNIUM SA - NEW GOVERNANCE RULES FOR USIMINAS INCLUDE A NEW MECHANISM FOR NOMINATION OF OTHER MEMBERS OF USIMINAS' EXECUTIVE BOARD.TERNIUM - RIGHT TO NOMINATE CEO AND CHAIRMAN WILL ALTERNATE BETWEEN TERNIUM AND NSSMC AT EVERY 4-YEAR INTERVAL, COMPRISING 2 CONSECUTIVE 2-YEAR TERMS.TERNIUM SA - CO, NSSMC INTEND TO NOMINATE SERGIO LEITE AS USIMINAS' CEO AND RUY HIRSCHHEIMER AS USIMINAS' CHAIRMAN OF BOARD.TERNIUM SA - EXECUTIVE BOARD WILL BE COMPOSED OF SIX MEMBERS, INCLUDING CEO AND FIVE VICE-PRESIDENTS, WITH CO, NSSMC NOMINATING THREE MEMBERS EACH.TERNIUM SA - AS PART OF AGREEMENT, CO, NSSMC WILL TAKE STEPS TO TERMINATE OR RESOLVE ALL PENDING JUDICIAL AND ADMINISTRATIVE DISPUTES.  Full Article

Topy Industries to buy wheels co Ring Techs
Sunday, 14 Jan 2018 11:44pm EST 

Jan 15 (Reuters) - Topy Industries Ltd <7231.T>:Says it will acquire 100 percent stake in Ring Techs Co.,Ltd, which is engaged in manufacture and sale of wheels, from NIPPON STEEL & SUMITOMO METAL CORP <<<5401.T>>>, with undisclosed price, effective Feb. 15 .  Full Article

Nippon Steel & Sumitomo Metal to merge with unit
Tuesday, 26 Dec 2017 11:56pm EST 

Dec 27 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says it plans to merge with unit Nippon Steel & Sumikin Koutetsu Wakayama Corp, effective on April 1, 2018.Says unit will be dissolved after merger.  Full Article

Sumco's top shareholder to cut voting power in co to 7.9 pct
Wednesday, 11 Oct 2017 03:38am EDT 

Oct 11 (Reuters) - Sumco Corp <3436.T>:Says co's top shareholder NIPPON STEEL & SUMITOMO METAL CORPORATION <<<5401.T>>> plans to cut voting power in the co to 7.9 percent from 13.4 percent and will become the second biggest shareholder of the co.Says change will occur on Oct. 17.  Full Article

J-Stream completes stake acquisition in Innoqos
Thursday, 31 Aug 2017 02:09am EDT 

Aug 31(Reuters) - J-Stream Inc <4308.T>:Says it completed stake acquisition in a Tokyo-based firm Innoqos, on Aug. 31.Acquisition plan was announced on June 30.  Full Article

R&I affirms Nippon Steel & Sumitomo Metal's rating at "A+" and changes outlook to stable -R&I
Wednesday, 16 Aug 2017 02:32am EDT 

Aug 16 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" -R&I.Says rating outlook changed to stable from negative -R&I.  Full Article

Nippon Steel: plans to produce 20.40 mln T of crude steel in H1 vs 21.51 mln T yr ago
Friday, 28 Jul 2017 02:43am EDT 

July 28 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:says plans to produce 20.40 million tonnes of crude steel on parent basis in Apri-Sept, versus 21.51 million t a year earlier.executive says expects about 42 million tones of crude steel output in fy2017/18, in line with or below 42.62 million t last year.executive says sees coking coal price continuing to hover at $160-170 per tonne for time being.executive says annual forecast does not include any impact from potential trade actions by US government against steel imports.  Full Article

Sumitomo Precision Products updates on shareholding change
Thursday, 27 Apr 2017 02:16am EDT 

April 27(Reuters) - Sumitomo Precision Products Co Ltd <6355.T>:Says share transfer effective date is changed to May 9 from April 27.Details was disclosed on March 27.  Full Article

BRIEF-Amtek Auto Signs SPA With Nippon Steel And Sumimoto Metal

* SAYS SIGNS SHARE PURCHASE AGREEMENT WITH NIPPON STEEL AND SUMIMOTO METAL CORP