Worth reading
15Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.This transaction
Termination of this memorandum of understandingCounterpartyKanadevia Corporation, Nippon Steel Engineering Co., Ltd.
Disclosing companyNIPPON STEEL CORPORATION
TimelineThe spacing between the points is proportional to the actual number of days.
Impact on Business Performance
There is no impact on the Company's consolidated financial results. There is no impact on Kanadevia Corporation's consolidated financial results.
| Item | Details |
|---|---|
| Transaction name | Termination of this memorandum of understanding |
| Counterparty name | Kanadevia Corporation, Nippon Steel Engineering Co., Ltd. |
| Impact on Business Performance | There is no impact on the Company's consolidated financial results. There is no impact on Kanadevia Corporation's consolidated financial results. |
| Date of board resolution | 29 September 2026 |
| Contract Date | 5 February 2026 |
Items this document does not state (27)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Execution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
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.The two companies had held discussions because they believed that pursuing a corporate group with an industry-leading management platform and cutting-edge technological capabilities through the integration would contribute to enhancing corporate value and the interests of stakeholders. However, they came to recognize that it would be difficult to reach agreement on the various terms and conditions of the business integration.
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