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NIPPON STEEL ( (JP:5401) ) has provided an announcement.
Nippon Steel Corporation has announced its decision to sell all of its shares in Kobe Steel to improve asset efficiency, while maintaining their cooperative alliance. This move is part of a strategic effort to enhance asset management, with no immediate impact on the company’s financials for the year ending March 2025 under IFRS standards.
More about NIPPON STEEL
Nippon Steel Corporation operates in the steel manufacturing industry and focuses on producing and supplying a wide range of steel products. The company is engaged in strengthening its market position through strategic alliances and asset management.
YTD Price Performance: -0.12%
Average Trading Volume: 3,113
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $21.72B
Find detailed analytics on 5401 stock on TipRanks’ Stock Analysis page.
