Krosaki Harima Backs Nippon Steel’s Full Takeover and Planned Delisting

Krosaki Harima Corporation ( (JP:5352) ) has shared an update.

Krosaki Harima Corporation’s board has reaffirmed its support for a tender offer by its parent company, Nippon Steel Corporation, for all outstanding common shares, and is recommending that shareholders tender their shares once the offer begins on February 2, 2026. The decision, which follows an earlier supportive resolution in August 2025, is based on Nippon Steel’s intention to become Krosaki Harima’s sole shareholder and to delist the company’s shares, signaling a full integration into the Nippon Steel group and a likely end to Krosaki Harima’s status as a publicly traded entity, with implications for minority shareholders who will be cashed out of their holdings.

The most recent analyst rating on (JP:5352) stock is a Hold with a Yen4528.00 price target. To see the full list of analyst forecasts on Krosaki Harima Corporation stock, see the JP:5352 Stock Forecast page.

More about Krosaki Harima Corporation

Krosaki Harima Corporation operates in the refractory industry, supplying refractory products and related construction and improvement services, particularly to steelmakers. The company is a consolidated subsidiary of Nippon Steel Corporation, which already holds a controlling stake and maintains deep capital, personnel, and business ties with Krosaki Harima, including board representation and reciprocal secondments of employees.

Average Trading Volume: 78,759

Technical Sentiment Signal: Buy

Current Market Cap: Yen149.5B

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