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An announcement from Daido Steel Co ( (JP:5471) ) is now available.
Daido Steel Co., Ltd. has announced its decision to acquire all outstanding shares of Nippon Koshuha Steel Co., Ltd. from Kobe Steel, Ltd., making Nippon Koshuha Steel a wholly-owned subsidiary. This acquisition aligns with Daido Steel’s 2026 Medium-Term Management Plan, aiming to enhance its corporate value in the specialty steel business and contribute to its long-term vision for 2030. The transaction is subject to regulatory approvals and is expected to be completed by February 2026, with the goal of integrating Nippon Koshuha Steel’s specialty steel operations to strengthen Daido Steel’s market position.
More about Daido Steel Co
Daido Steel Co., Ltd. operates in the specialty steel industry, focusing on the manufacturing and sales of high-performance materials such as tool steel, special alloy, and bearing steel. The company is committed to contributing to a sustainable society by pursuing high-performance materials and creating benefits for customers.
YTD Price Performance: -16.09%
Average Trading Volume: 566,328
Technical Sentiment Signal: Sell
Current Market Cap: Yen211.4B
See more insights into 5471 stock on TipRanks’ Stock Analysis page.