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nippon steel & sumitomo meta (5401) Details

Nippon Steel & Sumitomo Metal Corporation is primarily engaged in steelmaking and steel fabrication businesses. Its products include steel plates; steel sheets comprising hot-dip coated and electroplated steel sheets, tinplates, and electrical steel sheets; and structural steel products. The company also offers pipes and tubes; railway, automotive, and machinery parts comprising railway wheels, axles, and bogie trucks, as well as forged products, including crankshafts; and titanium products, which are used in heat exchangers, automobiles, construction materials, and consumer products, as well as in electric power and desalination fields. In addition, it provides stainless steel products, including formed steel, bars, wire rods, stainless steel foils, and clad steel sheets; other specialty metal materials comprising high corrosion-and heat-resistant alloys, and acid-resistant and alkali-resistant alloys; steel slags; and fabricated products, such as bridge and roadway products, building steel structure engineering commodities, construction material, and offshore structures. Further, the company is involved in engineering and construction of steel production plants, environment, energy, offshore projects, and pipelines; and development and marketing of display materials, PWB and package materials, and epoxy resins, as well as organic electroluminescence materials and other functional products. Additionally, it offers chemical mechanical polishing pad conditioners, silicon carbide wafers, silica/alumina spherical products, bonding wires, microsolder balls, and hot isostatic pressing processed materials; pitch-based carbon fibers and carbon-fiber-reinforced plastic products; and metal substrates for catalytic converters. The company also provides system solutions in the planning, configuration, operation, and maintenance of IT systems. Nippon Steel & Sumitomo Metal Corporation was founded in 1949 and is headquartered in Tokyo, Japan.

84,361 Employees
Last Reported Date: 06/25/14
Founded in 1949

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nippon steel & sumitomo meta (5401) Key Developments

Nippon Steel & Sumitomo Metal Corporation Reports After Revision Consolidated Results of Operations and Financial Position for the Fiscal 2013

Nippon Steel & Sumitomo Metal Corporation reported after revision consolidated results of operations and financial position for the fiscal 2013. Cash flows provided by operating activities in fiscal 2013 amounted to ¥574.7 billion. The principal factors influencing operating cash flows were inflows from the income before income taxes and minority interests of ¥399.1 billion along with depreciation and amortization of ¥331.8 billion and an increase in notes and accounts payable of ¥63.0 billion. These offset outflows from deductions of ¥62.7 billion in equity in net income of unconsolidated subsidiaries and affiliates and of ¥56.6 billion on income (loss) on sales of investments in securities along with payments of ¥53.5 billion associated with the increase in inventories and ¥56.8 billion in income taxes.

Nippon Steel & Sumitomo Metal Corporation to Establish a New Plant in China to Boost its Production Capacity

Nippon Steel & Sumitomo Metal Corporation announced that it will establish a new plant in China to boost its production capacity for cold heading wire there by sixfold. The company plans to strengthen supply of the wire, which is used for important automotive materials such as bolts and bearings, to Japanese carmakers in China. The new plant is being built in Suzhou, Jiangsu Province, together with partners including Toyota Tsusho Corp. With a total investment of JPY 3.2 billion, the plant will start operations in June 2015 with an annual capacity of 42,000 tons. An existing plant in Suzhou with a capacity of 7,000 tons a year is now in full operation due to growing demand. It will be closed once the new plant is operational.

Nippon Steel & Sumitomo Seeks Acquisitions

Nippon Steel & Sumitomo Metal Corporation (TSE:5401) seek acquisitions. Nippon Steel & Sumitomo will be eyeing the mining investments while prices of the commodities are low although it is not negotiating any deals in the segment currently, Executive Vice President Katsuhiko Ota said. "We'll seriously consider investing if there is a good deal. There is no specific deal on the table now, but we'll use some of the ¥100 billion fund if any good target arises," Ota said. Nippon Steel will continue expanding in markets including the United States - where it completed the purchase of a ThyssenKrupp AD plant with ArcelorMittal in February - Indonesia, India and China, Ota said. It has been in talks with Indonesia's largest steelmaker PT Krakatau Steel since late 2012 to set up a joint venture to produce automotive flat steel in Indonesia. "The negotiations have advanced, but no final decision has been made. We are continuing our feasibility studies," Ota said, adding that fresh investments in India and China may be made through existing ventures. Ota said the fund will be used to build new plants or for mergers and acquisitions, but added there were no plans to bid for Severstal's U.S. operations.

 

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Valuation 5401 Industry Range
Price/Earnings 11.8x
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow 12.3x
TEV/Sales 0.0x
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