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15 stories mentioning TYO:5401Updated 24d ago

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Asia

Japan to Impose Provisional Anti-dumping Duties on Steel Imports From China, Taiwan

Japan's Cabinet decided to impose provisional anti-dumping duties on nickel-added cold-rolled stainless steel coil, sheet, and strip originating in or exported from China and Taiwan, according to a joint statement from the Ministry of Economy, Trade and Industry and the Ministry of Finance on Friday.The provisional anti-dumping duty rates will range from 3.6% to 42.1%, and will run for four months from July 9 to Nov. 8, 2026.The decision follows a preliminary determination in a probe launched on July 22, 2025. Authorities have ruled that imports of dumped steel products resulted in "material injury" to the domestic industry.Major domestic producers of these materials include Nippon Steel (TYO:5401), JFE Holdings' (TYO:5411) JFE Steel and Kobe Steel (TYO:5406).

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Asia

Market Chatter: JBIC's US Exposure Surges Fivefold as Japan Prioritizes Economic Security

Japan's state-owned Japan Bank for International Cooperation or JBIC saw U.S. approvals surge over fivefold to 1.31 trillion yen in fiscal 2025, now at 52% of its portfolio, up from 18% a year ago, Nikkei reported on Thursday.The shift from emerging markets reflects Tokyo's push to fortify supply chains amid U.S.-China friction, highlighted by a $3.7 billion loan for Nippon Steel's (TYO:5401) acquisition of U.S. Steel, the news daily said.Other deals back energy and materials procurement, including Mitsubishi Corp.'s (TYO:8058) purchase of a U.S. gas developer and a Mitsui (TYO:8031)-JERA low-carbon ammonia venture, the publication said.JBIC is also financing Japan's $550 billion U.S. investment pledge, having already funded 350 billion yen in first-round projects like a gas power plant and oil port, with more rounds expected, 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.)

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Asia

Xingye Silver & Tin to Buy Out Toyota Tsusho, Nippon Steel in Moroccan Tin Project For $23 Million

Inner Mongolia Xingye Silver & Tin Mining (SHE:000426) agreed to acquire the remaining 25% stake it does not already own in a Moroccan tin mine project for $23.1 million, according to a Shenzhen Stock Exchange filing on Wednesday.The company will buy the stake in Atlas Tin SAS, which owns the Achmmach tin mine project in Morocco, from Japanese partners Toyota Tsusho (TYO:8015) and Nippon Steel's (TYO:5401) mining unit.The project has a total mining area of 11.9 square kilometers. Its mining license is valid until Jan. 17, 2032.

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Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

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Asia

SoftBank-Led Consortium to Lead Japan's 1 Trillion Yen National AI Initiative

Japan has selected a consortium backed by SoftBank Corp.(TYO:9434) to spearhead a five-year national project developing a homegrown multimodal AI platform, with total public investment expected to reach 1 trillion yen.The initiative, overseen by the Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO), will see the consortium called Noetra Inc. supply the core model while AIST will collaborate with research institutions to advance the technology, according to a joint statement on Wednesday.Noetra, a joint venture led by SoftBank Corp., includes major partners such as NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406).

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Asia

Nippon Steel Adjusts Conversion Price for Zero-Coupon Bonds Due 2029, 2031

Nippon Steel (TYO:5401) adjusted the conversion price of its zero-coupon convertible bonds due 2029 and 2031, according to a filing on the Tokyo Stock Exchange.The Japanese steel producer said Tuesday the conversion price for the 2029 bonds was lowered to 716.9 yen per share from 730.3 yen, while the conversion price for the 2031 bonds was reduced to 723.5 yen from 737 yen, effective April 1.The adjustment followed shareholder approval of a 12-yen-per-share year-end dividend payment at the company's annual general meeting on Tuesday.

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Asia

Market Chatter: United Steelworkers Union Cautiously Optimistic on Nippon Steel One Year After U.S. Steel Deal

The United Steelworkers (USW) union remains watchful over Nippon Steel's (TYO:5401) promised investments a year after its acquisition of U.S. Steel, Nikkei Asia reported Tuesday, citing USW executive Bernie Hall.Hall noted that union pressure helped push Nippon Steel to increase its capital commitment to $11 billion with added guarantees. However, he emphasized that strict follow-through is critical given U.S. Steel's history of unfulfilled promises, the report said.While direct communication with Nippon Steel has been limited, talks are expected to ramp up ahead of a Sept. 1 expiration date for the labor contract covering 11,000 members, Nikkei reported.Nippon Steel did not immediately respond to a request for comment from.(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.)

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Asia

Market Chatter: Nippon Steel Vice Chair Forecasts Surging US Steel Profits

Nippon Steel (TYO:5401) Vice Chairman Takahiro Mori expects a strong U.S. steel market, driven by steady demand and import tariffs, Reuters reported Wednesday, citing an interview with the executive.These factors could push U.S. Steel's earnings beyond current estimates, Mori reportedly said.Mori expects U.S. Steel to generate more than 100 billion yen in profit this year, with long-term annual earnings between 300 billion yen and 400 billion yen, the report said.Nippon Steel completed its acquisition of U.S. Steel for $14.9 billion in June 2025, following an 18-month-long regulatory review.Shares of Nippon Steel rose over 1% in recent trade.(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.)

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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.

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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.)

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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.

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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.)

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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.

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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.)

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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.)

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