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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,222JPY
11:30am IST
Change (% chg)

¥-32 (-1.44%)
Prev Close
¥2,255
Open
¥2,242
Day's High
¥2,250
Day's Low
¥2,196
Volume
3,372,700
Avg. Vol
3,258,600
52-wk High
¥3,132
52-wk Low
¥2,196

Latest Key Developments (Source: Significant Developments)

NS Solutions to change company name to NS Solutions
Wednesday, 16 May 2018 

May 16 (Reuters) - NS Solutions Corp <2327.T>:Says it will change company name to NS Solutions Corporation, effective April 1, 2019 .  Full Article

Amtek Auto Signs SPA With Nippon Steel And Sumimoto Metal
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Amtek Auto Ltd ::SAYS SIGNS SHARE PURCHASE AGREEMENT WITH NIPPON STEEL AND SUMIMOTO METAL CORP.SAYS SMI AMTEK CRANKSHAFTS SHALL CEASE TO BE JV OF CO.  Full Article

Nippon Steel & Sumitomo Metal to buy Ovako AB
Thursday, 15 Mar 2018 

March 15 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>:Says it plans to buy 100 percent stake in Ovako AB, which is engaged in manufacture and sale of special steel .  Full Article

Topy Industries to buy wheels co Ring Techs
Monday, 15 Jan 2018 

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
Wednesday, 27 Dec 2017 

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 

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

Vallourec says merges its two Brazilian companies
Monday, 3 Oct 2016 

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 

: 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 

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 

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

Japan's Nippon Steel says solid demand mutes impact of U.S. duties

TOKYO Strong global demand has helped cushion the impact on Nippon Steel & Sumitomo Metal Corp of new U.S. import duties, but Japan's top steelmaker remains worried Washington's trade barriers could lead to a glut in Asia, a much bigger market for the company.