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NIPPON STEEL ( (JP:5401) ) has shared an update.
Nippon Steel announced it will commence a tender offer on February 2, 2026, to acquire additional shares of its consolidated subsidiary Krosaki Harima Corporation, a refractory and materials producer listed in Tokyo and Fukuoka. All required clearances under Japanese and Indian competition laws and Italian foreign investment regulations have been obtained, and other preconditions—such as a supportive resolution from Krosaki Harima’s board and a positive report from a special committee—have been satisfied, enabling the transaction to move forward as planned. Nippon Steel, already the largest shareholder with an effective 46.47% stake, is adjusting only the minimum number of shares to be purchased slightly (to 6,818,596 shares) to reflect a small increase in Krosaki Harima’s treasury stock, signaling a continued push to reinforce control and integration of the subsidiary within its group structure.
The most recent analyst rating on (JP:5401) stock is a Hold with a Yen721.00 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 one of Japan’s largest steelmakers, operating globally across the steel and materials industry and listed on multiple domestic exchanges including the TSE Prime. The company supplies steel and related products to a wide range of industrial customers and uses strategic equity stakes and group synergies to strengthen its supply chain and technological capabilities.
Average Trading Volume: 22,975,630
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen3417.5B
See more insights into 5401 stock on TipRanks’ Stock Analysis page.