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An update from Kyoei Steel Ltd. ( (JP:5440) ) is now available.
Kyoei Steel Ltd. announced that Nippon Steel Corporation holds a 28.1% voting stake in the company, categorizing it as an ‘other affiliated company.’ Despite this significant shareholding, Nippon Steel does not influence Kyoei Steel’s management decisions, allowing the latter to operate independently. This structure ensures that Kyoei Steel maintains its autonomy in business operations while benefiting from the association with a major industry player.
The most recent analyst rating on (JP:5440) stock is a Hold with a Yen1940.00 price target. To see the full list of analyst forecasts on Kyoei Steel Ltd. stock, see the JP:5440 Stock Forecast page.
More about Kyoei Steel Ltd.
Kyoei Steel Ltd. operates in the steel industry, focusing on the production and distribution of steel products. The company is listed on the Tokyo Stock Exchange and maintains a significant market presence with Nippon Steel Corporation as a major shareholder.
Average Trading Volume: 92,329
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen86.27B
See more insights into 5440 stock on TipRanks’ Stock Analysis page.