This transaction
Manufacture and sale of steel products (reinforcing bars and round bars for steel balls)
This matter will have no impact on the consolidated financial results of the Group for the current fiscal year. If the earnings forecast is revised, timely disclosure will be made.
| Item | Details |
|---|---|
| Name of the Subject Company | Vinton Steel LLC |
| Business Description of the Subject Company | Manufacture and sale of steel products (reinforcing bars and round bars for steel balls) |
| Location of the Subject Company | Texas, USA |
| Capital Stock of the Subject Company | USD 148 million |
| Date of Establishment of the Subject Company | 1962 (became a subsidiary of KYOEI STEEL LTD. in 2016) |
| Funding arrangements | Funding will be arranged by combining internal funds, bank borrowings and other sources, using the optimal method. |
| Impact on Business Performance | This matter will have no impact on the consolidated financial results of the Group for the current fiscal year. If the earnings forecast is revised, timely disclosure will be made. |
| Date of board resolution | 31 July 2026 |
Items this document does not state (24)
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 was due to rising inflation in the United States, higher construction material prices resulting from the impact of the situation in the Middle East, increases in logistics and other costs, and higher construction costs resulting from the sharp increase in demand for large-scale construction projects in and around Texas. The construction schedule was reassessed.