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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,870JPY
1:00am EST
Change (% chg)

¥-45 (-1.54%)
Prev Close
¥2,916
Open
¥2,902
Day's High
¥2,907
Day's Low
¥2,856
Volume
3,409,600
Avg. Vol
4,032,502
52-wk High
¥3,132
52-wk Low
¥2,324

Latest Key Developments (Source: Significant Developments)

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

NS Solutions to retire 6.5 mln treasury shares
Tuesday, 28 Mar 2017 02:30am EDT 

NS Solutions Corp <2327.T>: Says it will retire 6.5 million shares (6.1 percent stake) of its common stock on April 14 .Says the total shares outstanding will be 99.5 million shares after the retirement.  Full Article

Sumitomo to purchase 26 pct stake in Sumitomo Precision Products Co Ltd for about 5.2 bln yen
Monday, 27 Mar 2017 02:46am EDT 

Sumitomo Corp <8053.T>: Says Sumitomo will purchase 13,745,441 shares of Sumitomo Precision Products Co Ltd <6355.T>, from Nippon Steel & Sumitomo Metal Corporation <5401.T>, for about 5.2 billion yen in all . After the transaction, Sumitomo will become the top shareholder of Sumitomo Precision Products, with 27.7 percent stake (14,625,441 shares), up from 1.7 percent (880,000 shares) . Nippon Steel & Sumitomo Metal will become the second top shareholder of Sumitomo Precision Products, with 14.6 percent stake (7,719,357 shares), down from 40.7 percent (21,464,798 shares) .Effective date April 27.  Full Article

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

BRIEF-Topy Industries to buy wheels co Ring Techs

* 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, with undisclosed price, effective Feb. 15