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Nippon Steel & Sumitomo Metal Corp (5401.T)

5401.T on Tokyo Stock Exchange

2,536JPY
17 Nov 2017
Change (% chg)

¥-21 (-0.82%)
Prev Close
¥2,558
Open
¥2,580
Day's High
¥2,584
Day's Low
¥2,532
Volume
3,450,800
Avg. Vol
3,685,035
52-wk High
¥2,912
52-wk Low
¥2,324

Latest Key Developments (Source: Significant Developments)

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

Nippon Steel & Sumitomo Metal completes share repurchase
Tuesday, 7 Jun 2016 

Nippon Steel & Sumitomo Metal Corp <5401.T>: Says it completed repurchase of 40 million shares of its common stock on June 7 .Says shares repurchased is 85.96 billion yen in total.  Full Article

Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Usiminas with Ternium - Nikkei
Tuesday, 31 May 2016 

: Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Brazilian affiliate Usiminas with Ternium - Nikkei .One Proposal Would Give Nippon Steel & Sumitomo Metal, ownership of a Usiminas mill in Ipatinga - Nikkei.  Full Article

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

Nippon Steel & Sumitomo Metal revises year-end dividend forecast for FY 2016
Monday, 1 Feb 2016 

Nippon Steel & Sumitomo Metal Corp:Revises year-end dividend forecast to 15 yen per share from an undetermined value, for the fiscal year ending March 31, 2016.  Full Article

Nippon Steel & Sumitomo Metal to repurchase shares
Monday, 1 Feb 2016 

Nippon Steel & Sumitomo Metal Corp:To repurchase up to 40 million shares, representing 4.33 pct of outstanding.Says share repurchase up to 100 billion yen in total.Says repurchase period from Feb. 2 to June 7.  Full Article

Japan to examine if coal destination restriction limits trade -media

TOKYO, Nov 17 Japan's Ministry of Economy, Trade and Industry (METI) is seeking to determine whether clauses in long-term coal contracts that bar buyers from diverting and reselling cargoes are limiting trade, Bloomberg News reported on Friday, citing sources familiar with the matter.