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Nakayama Steel Works,Ltd. ( (JP:5408) ) has shared an update.
Nakayama Steel Works, Ltd. has announced a delay in the timing of its joint venture agreement with NIPPON STEEL CORPORATION, originally scheduled for September 2025, now expected in late November 2025. The delay is due to ongoing final confirmations of the contract contents. Despite the delay, the establishment of the joint venture remains set for March 2026, with minimal expected impact on the company’s current fiscal year financial results.
The most recent analyst rating on (JP:5408) stock is a Hold with a Yen603.00 price target. To see the full list of analyst forecasts on Nakayama Steel Works,Ltd. stock, see the JP:5408 Stock Forecast page.
More about Nakayama Steel Works,Ltd.
Nakayama Steel Works, Ltd. operates in the steel industry and is listed on the Tokyo Stock Exchange Prime Market. The company is primarily involved in the production and distribution of steel products.
Average Trading Volume: 256,350
Technical Sentiment Signal: Sell
Current Market Cap: Yen30.53B
For an in-depth examination of 5408 stock, go to TipRanks’ Overview page.