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NIPPON STEEL ( (JP:5401) ) has issued an update.
Nippon Steel has successfully completed its tender offer for common shares of Krosaki Harima Corporation, a refractory materials producer listed in Tokyo and Fukuoka, at a purchase price of 4,200 yen per share. The offer, conducted from February 2 to March 3, 2026, attracted 14,932,986 shares, far exceeding the minimum threshold of 6,818,596 shares and triggering the purchase of all tendered shares.
Following this result, Nippon Steel will significantly increase its stake in Krosaki Harima, adding up to 18,043,923 shares when combined with its pre-existing holdings, excluding treasury shares. The move deepens Nippon Steel’s control over a key supplier in high-grade refractories, potentially enhancing vertical integration, securing critical input materials for steelmaking, and reinforcing its competitive position in the steel value chain.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen703.00 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 Japanese steelmaker with global operations across automotive, construction, energy, and industrial markets. Listed on multiple exchanges including the TSE Prime, the company manufactures and supplies a broad range of steel products and materials, and actively pursues strategic investments and partnerships to strengthen its supply chain and specialty materials portfolio.
Average Trading Volume: 28,661,261
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen3364.1B
Learn more about 5401 stock on TipRanks’ Stock Analysis page.