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TYO:5401

7 stories mentioning TYO:5401

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Asia

Nippon Steel Sets Terms for Three-Tranche Bond Issue Valued at 90 Billion Yen

Nippon Steel (TYO:5401) finalized terms for the issuance of its 13th, 14th, and 15th series of unsecured straight bonds, totalling 90 billion yen, according to a Tokyo bourse filing on Wednesday.The 13th series, with an issue value of 46.1 billion yen, carries a 2.014% coupon rate and matures in 2029, while the 14th worth 19.6 billion yen pays 2.444% and matures in 2031. The 15th series, carrying a value of 24.3 billion yen, offers 3.202% interest rate and matures in 2036.Each bond has a denomination of 100 million yen, with an issue and redemption price at 100% of par.The public offering in Japan runs from June 10, with the payment date set for June 16. Interest is paid semi-annually on June 16 and Dec. 16, and the bonds include negative pledge clauses but no collateral or guarantees.

TYO:5401
Asia

Market Chatter: Nippon Steel to Double Investment for Pennsylvania Plant Upgrade

Nippon Steel (TYO:5401) will invest $2 billion to $2.5 billion to modernize subsidiary U.S. Steel's Mon Valley Works in Pennsylvania, more than double its original $1 billion commitment, Nikkei Asia reported on Tuesday.The investment will fund upgrades to aging equipment at the facility, which is the oldest in U.S. Steel's portfolio, according to the report.Construction of a new hot strip mill at the Edgar Thomson Plant is scheduled to begin in the second half of this year and last about three years, the publication said.The project is expected to support as many as 6,000 jobs at peak investment and deliver an economic impact of up to $1.7 billion, the report said.Nippon Steel didn't immediately respond to a request fromfor comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401
Asia

S&P Affirms Nippon Steel at BBB on Slower Recovery in Key Metrics

S&P Global Ratings maintained Nippon Steel's (TYO:5401) BBB long-term issuer credit rating, according to a recent release.The rating agency expects the company's key financial metrics to improve more gradually than previous estimates given a weak Japanese steel segment and further capital expenditure.The company took measures to raise profitability and lessen fixed costs, but it still faces a dampened domestic steel market and stagnation in Asian markets where it primarily exports, the rating agency said.Heavy investments will also result in a free operating cash flow deficit of between 200 billion yen and 300 billion yen as well as only a slight recovery in the debt-to-EBITDA ratio to about 3.9x in fiscal 2026, according to S&P.The metrics could recover in the next year or so, but S&P sees volatile business conditions as a risk.The negative outlook considers S&P's belief that the rebound in the major financial ratios may not happen as expected if the debt burden becomes a main pressure point.Notable developments impacting the company's debt-to-EBITDA ratio could prompt future rating actions, the rating agency said.

TYO:5401
Asia

Market Chatter: Nippon Steel Sees U.S. Steel Turning Profitable on Efficiency Gains

Nippon Steel (TYO:5401) said its U.S. unit United States Steel will return to profitability this fiscal year, supported by production improvements and higher steel prices, Nikkei reported Thursday.The U.S. business is expected to generate about 100 billion yen in operating profit in the year ending March 2027, compared with a 5.6 billion yen loss a year earlier, according to the report.Nippon Steel said consolidated net profit could rise to about 220 billion yen, driven by stronger performance in the U.S. and ongoing efficiency gains, the report said.The company is investing about $11 billion in the U.S. unit through 2028, with early benefits already emerging from operational upgrades and cost reductions. Nippon Steel said about 40 billion yen of expected profit is linked to Nippon Steel-led improvements, with around 100 engineers deployed to support the turnaround, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401
Asia

Nippon Steel's Profit Plunges 95% in Fiscal Year 2025

Nippon Steel's (TYO:5401) profit attributable to owners of the parent fell 95% to 17.16 billion yen for the fiscal year 2025 from 350.23 billion yen a year earlier.The steel manufacturer's earnings per share declined to 3.28 yen from 67.03 yen a year ago, according to a Tokyo bourse filing on Wednesday.Revenue jumped 16% to 10.063 trillion yen for the period ended March 31 from 8.696 trillion yen in the prior year.Nippon Steel declared a final dividend of 12 yen per share, payable from June 24.For the fiscal year 2026, the company expects attributable profit of 220 billion yen, basic EPS of 42 yen, and revenue of 11 trillion yen.Nippon Steel plans to pay interim and year-end dividends of 12 yen per share, each, for the year.

TYO:5401
Asia

Market Chatter: Nippon Steel Launches Electric Arc Furnace Project to Cut Emissions

Nippon Steel (TYO:5401) has broken ground on an electric arc furnace at its Yawata facility in Kyushu, Nikkei Asia reported on Thursday.The 630.2 billion yen or $3.96 billion project, roughly 30% funded by government subsidies, will include a two-million-ton annual capacity furnace, a steel sheet plant, and on-site power generation, the publication said.Despite the promise of cleaner production, uncertainties remain regarding the technology's substantial electricity consumption and the market's willingness to pay a premium for low-emission steel, the news daily said.Scheduled to begin operations in the second half of fiscal 2029, the furnace represents a major shift for the 125-year-old Yawata steelworks, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401
Asia

Market Chatter: SoftBank Introduces AI Company with NEC, Honda, Sony as Investors

SoftBank Group (TYO:9984) has launched a new company focused on developing artificial intelligence in Japan, with investments from NEC (TYO:6701), Honda Motor (TYO:7267), and six other firms, Nikkei Asia reported on Monday.The Japanese government is evaluating potential support for the initiative. The venture aims to create a foundational model for "physical AI" to enable autonomous control of robots and machinery through a collaborative public-private effort, the news daily said.Additional investors include Sony Group (TYO:6758), Mitsubishi UFJ Financial's (TYO:8306) MUFG Bank, Sumitomo Mitsui Banking Corp. (TYO:8316), Mizuho Bank (TYO:8411), Nippon Steel (TYO:5401), Kobe Steel (TYO:5406), and AI developer Preferred Networks will also assist in building the model.Softbank Group did not reply to MTNewswire queries at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401TYO:5406TYO:6701TYO:6758TYO:7267TYO:8306TYO:8316TYO:8411TYO:9984