Following Osaka Steel’s tender offer for treasury shares, Nippon Steel intends to apply to the tender offer for a portion of Osaka Steel shares. Nippon Steel will apply for all shares it holds, with the aim of maintaining an ownership ratio of 51.00%. The purchase price is set at 2,100 yen, a 10% discount to the market price, the period is 2026\/11\/5\u201312\/3, and the total purchase funds are approximately 591 million yen. An independent committee and external legal counsel will be engaged to ensure fairness.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5401","jir_company_name":"Nippon Steel Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-04","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/5401-20261104-01.pdf","jir_short_summary":"Following Osaka Steel's tender offer for treasury shares, Nippon Steel intends to apply to the tender offer for a portion of Osaka Steel shares. Nippon Steel will apply for all shares it holds, with the aim of maintaining an ownership ratio of 51.00%. The purchase price is set at 2,100 yen, a 10% discount to the market price, the period is 2026\/11\/5\u201312\/3, and the total purchase funds are approximately 591 million yen. An independent committee and external legal counsel will be engaged to ensure fairness.","jir_summary":"### Overview of This Tender Offer\nBy executing this tender offer, which includes the acquisition of Osaka Steel's treasury shares, the Nippon Steel Group aims to improve capital efficiency and enhance corporate value. The planned number of shares to be purchased is 2,800,000 shares (9.36% ownership), and Nippon Steel intends to tender all shares it holds. The offer price is based on the market price with an applied discount of approximately 10%, resulting in 2,100 yen. The tender period is set at 20 business days from the publication date.\n\n### Fairness and Minority Shareholder Protection\nA special committee composed of highly independent outside directors will be consulted and will issue recommendations to ensure fairness. An independent legal advisor (TMI Associates) will be engaged. To avoid conflicts of interest, outside auditors will be excluded from involvement in matters related to this proposal.","jir_financial_highlights":"Offer Price: 2,100 yen (Assumes 10% discount)\nPlanned Number of Shares to Be Purchased: 2,800,000 shares (Assumes full application of Nippon Steel's holdings)\nTotal Purchase Price: 5,880,210,000 yen (Upper limit)","jir_category":"","jir_hashtags":"#NipponSteel, #TOB, #CapitalPolicy","jir_key_figures":"Offer Price: 2,100 yen\nPlanned Number of Shares to Be Purchased: 2,800,000 shares\nPurchase Funds: 5,910,500,000 yen","jir_meta_title":"Nippon Steel Corporation Announces Tender Offer for Treasury Shares\uff5cNippon Steel's Application Policy and Offer Price","jir_meta_description":"Nippon Steel is participating in a tender offer by Osaka Steel that includes acquisition of treasury shares. Offer price is 2,100 yen, planned number of shares to be purchased is 2,800,000 shares, and the period is 2026\/11\/5-12\/3. An independent committee will be established to ensure fairness.","jir_og_title":"Nippon Steel Corporation Announces Tender Offer for Treasury Shares\uff5cOffer Price 2,100 yen","jir_og_description":"Nippon Steel is participating in Osaka Steel's tender offer for treasury shares. Nippon Steel will promote application of all its holdings, aiming to improve capital efficiency and corporate value.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6897,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-141160","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n