Worth reading
63In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
950
Approximately ¥100 million (up to ¥105.5 billion, taking into account inflation and foreign exchange fluctuations, among other factors)Wording
Conditional
How definitive the wording is.This transaction
Establishment of a joint ventureCounterpartyNIPPON STEEL CORPORATION
Disclosing companyNAKAYAMA STEEL WORKS,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Execution Date / Effective Date1 April 2026 (establishment procedures completed)
Target company
Ownership and leasing of electric furnace equipment and buildings required for steel billet production
Location Taisho-ku, Osaka CityDate of incorporation 1 April 2026
Procedures and assumptions
Management structure after acquisitionRepresentative member: NAKAYAMA STEEL WORKS,LTD.; officer responsible for execution of duties: Okamura Hirotaka (岡村洋孝)
| Item | Details |
|---|---|
| Transaction name | Establishment of a joint venture |
| Counterparty name | NIPPON STEEL CORPORATION |
| Name of the Subject Company | ＮＮ製鋼合同会社 |
| Business Description of the Subject Company | Ownership and leasing of electric furnace equipment and buildings required for steel billet production |
| Location of the Subject Company | Taisho-ku, Osaka City |
| Date of Establishment of the Subject Company | 1 April 2026 |
| Voting rights ownership percentage | After The Company: 51%; NIPPON STEEL CORPORATION: 49% (before not disclosed) |
| Execution Date / Effective Date | 1 April 2026 (establishment procedures completed) |
| Management structure after acquisition | Representative member: NAKAYAMA STEEL WORKS,LTD.; officer responsible for execution of duties: Okamura Hirotaka (岡村洋孝) |
Items this document does not state (23)
Capital Stock 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 acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.This disclosure does not explain any reason for establishing the joint venture other than the completion of the establishment procedures and the finalization of matters that had previously remained undetermined.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.