Nisshin Steel Co Ltd (5413.T)

5413.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NIPPON STEEL & SUMITOMO METAL to offer takeover bid for shares of Nisshin Steel
Friday, 13 May 2016 

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

Nisshin Steel expects extraordinary loss and profit for FY 2016
Wednesday, 30 Mar 2016 

Nisshin Steel Co Ltd:Expected extraordinary loss of about 5.5 bln yen for impairment loss of fixed assets and expected extraordinary profit of about 5.4 bln yen for profit on reversal of reserve for special repairs for FY ending March 2016.  Full Article