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The latest announcement is out from Kobe Steel ( (JP:5406) ).
Kobe Steel, Ltd. has announced a share exchange agreement to make Nippon Koshuha Steel Co., Ltd. a wholly owned subsidiary, with plans to transfer shares to Daido Steel Co., Ltd. This strategic move, pending regulatory approvals, aims to strengthen Kobe Steel’s market position and streamline operations, with the share exchange expected to be completed by February 2026. The delisting of Nippon Koshuha Steel from the Tokyo Stock Exchange is scheduled for January 2026, signaling a significant restructuring within the company.
More about Kobe Steel
Kobe Steel, Ltd., part of the KOBELCO Group, is a diversified company operating in steel and aluminum, advanced materials, welding, machinery, engineering, construction machinery, and electric power industries. The company provides essential materials for various industries such as transportation, electronics, construction, and social infrastructure, leveraging its proprietary technology to offer unique and environmentally friendly products.
YTD Price Performance: 9.00%
Average Trading Volume: 3,535,838
Technical Sentiment Signal: Buy
Current Market Cap: Yen658.2B
See more insights into 5406 stock on TipRanks’ Stock Analysis page.