Worth reading
48Recurring
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Direction inferred from the company’s description.Scale
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Conditional
How definitive the wording is.This transaction
This mergerCounterparty (target company)Sanyo Special Steel Co., Ltd.
Disclosing companyNIPPON STEEL CORPORATION
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Steel products, powder products, forgings and other businesses
Location Himeji, Hyogo PrefectureShare capital ¥53,800 millionDate of incorporation 11 January 1935
Net Sales¥171,356 million (fiscal year ended March 2026)
Operating profit¥9,436 million (fiscal year ended March 2026)
Net income for the current fiscal year¥10,205 million (fiscal year ended March 2026)
Net assets¥203,358 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition priceNo shares, cash or other consideration will be delivered
Type of ConsiderationNo consideration (no shares, cash or other consideration will be delivered)
Impact on Business Performance
The impact on our consolidated results will be immaterial
Procedures and assumptions
Conditions Precedent to ExecutionObtaining notification that the review by the Inspectorate of Strategic Products under Sweden's Foreign Direct Investment Screening Act has been completed
Management structure after acquisitionThere will be no changes to Nippon Steel Corporation's corporate name, location, titles or names of its representative, business activities, capital or fiscal year-end as a result of the merger. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | Sanyo Special Steel Co., Ltd. |
| Name of the Subject Company | Sanyo Special Steel Co., Ltd. |
| Business Description of the Subject Company | Steel products, powder products, forgings and other businesses |
| Location of the Subject Company | Himeji, Hyogo Prefecture |
| Capital Stock of the Subject Company | ¥53,800 million |
| Date of Establishment of the Subject Company | 11 January 1935 |
| Net Sales of the Subject Company | ¥171,356 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥9,436 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥10,205 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥203,358 million (fiscal year ended March 2026) |
| Acquisition price | No shares, cash or other consideration will be delivered |
| Type of Consideration | No consideration (no shares, cash or other consideration will be delivered) |
| Voting rights ownership percentage | Before 100% → after Not applicable (Sanyo Special Steel will be dissolved as a result of the merger) |
| Impact on Business Performance | The impact on our consolidated results will be immaterial |
| Date of board resolution | 13 May 2026 |
| Contract Date | 13 May 2026 |
| Execution Date / Effective Date | 1 April 2027 |
| Conditions Precedent to Execution | Obtaining notification that the review by the Inspectorate of Strategic Products under Sweden's Foreign Direct Investment Screening Act has been completed |
| Management structure after acquisition | There will be no changes to Nippon Steel Corporation's corporate name, location, titles or names of its representative, business activities, capital or fiscal year-end as a result of the merger. Employee treatment: Not disclosed |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To integrate and optimize the wire rod and special steel businesses, expand revenue opportunities, strengthen business strategies and pursue an optimal production structure, thereby achieving and maximizing synergies at an early stage through the integration of organizational and business operations.
How to read this page
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