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Kobe Steel Adjusts Convertible Bond Conversion Prices Following Dividend Approval

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Kobe Steel Adjusts Convertible Bond Conversion Prices Following Dividend Approval

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An update from Kobe Steel ( (JP:5406) ) is now available.

Kobe Steel, Ltd. announced an adjustment to the conversion price of its Zero Coupon Convertible Bonds due in 2028 and 2030. This adjustment, effective April 1, 2025, is a result of an extraordinary dividend payment approved by the board, impacting the conversion prices to ¥2,264.4 and ¥2,166.2 respectively, reflecting the company’s financial strategies and shareholder value enhancement.

The most recent analyst rating on (JP:5406) stock is a Hold with a Yen1740.00 price target. To see the full list of analyst forecasts on Kobe Steel stock, see the JP:5406 Stock Forecast page.

More about Kobe Steel

Kobe Steel, Ltd. operates in the steel manufacturing industry, providing a range of products and services including steel production and engineering solutions. The company is listed on the Tokyo Stock Exchange and focuses on delivering high-quality steel products to various markets.

YTD Price Performance: 7.04%

Average Trading Volume: 3,518,575

Technical Sentiment Signal: Buy

Current Market Cap: Yen646.4B

For an in-depth examination of 5406 stock, go to TipRanks’ Stock Analysis page.

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