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The latest update is out from Kobe Steel ( (JP:5406) ).
Kobe Steel has announced its decision to sell all its shares in Nippon Steel Corporation as part of its strategy to maximize capital efficiency under its Medium-Term Management Plan for fiscal 2024–2026. Despite the sale, Kobe Steel will maintain its cooperative relationship with Nippon Steel, ensuring continued collaboration for mutual benefit.
More about Kobe Steel
Kobe Steel, Ltd. operates in the steel industry, focusing on the production and distribution of iron and steel products. The company is known for its cooperative ventures, particularly with Nippon Steel Corporation, to enhance resource utilization and efficiency.
YTD Price Performance: 6.31%
Average Trading Volume: 400
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.19B
See more insights into 5406 stock on TipRanks’ Stock Analysis page.
