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An update from NIPPON STEEL ( (JP:5401) ) is now available.
Nippon Steel Corporation has announced that it expects to incur a business restructuring loss due to the transfer of shares in its subsidiary, NS Kote, Inc., to ArcelorMittal S.A. This transfer, following the merger of its U.S. subsidiary with United States Steel Corporation, will result in a loss of approximately 230 billion yen in its consolidated financial statements. Despite this, the company anticipates minimal impact on its profit and loss due to changes in the restructuring scheme and maintains its full-year dividend forecast for fiscal 2025.
The most recent analyst rating on (JP:5401) stock is a Buy with a Yen4000.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
More about NIPPON STEEL
Nippon Steel Corporation is a leading company in the steel manufacturing industry, known for producing high-quality steel products. It operates on a global scale and is listed on several major stock exchanges, including TSE Prime, NSE, FSE, and SSE.
Average Trading Volume: 5,090,895
Technical Sentiment Signal: Hold
Current Market Cap: Yen3002.2B
For a thorough assessment of 5401 stock, go to TipRanks’ Stock Analysis page.