Wholly owned subsidiary Kobelco Construction Machinery Co., Ltd. will acquire a 70% interest in CNH’s construction equipment business. After transferring interests to two new companies, Kobelco Construction Machinery will acquire 70% of each company’s shares. Total consideration is approximately 700 million USD, related costs about 40,000 million yen, and completion is scheduled for Q3 of fiscal 2027.<\/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":"5406","jir_company_name":"Kobe Steel, Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/5406-20261109-01.pdf","jir_short_summary":"Wholly owned subsidiary Kobelco Construction Machinery Co., Ltd. will acquire a 70% interest in CNH's construction equipment business. After transferring interests to two new companies, Kobelco Construction Machinery will acquire 70% of each company's shares. Total consideration is approximately 700 million USD, related costs about 40,000 million yen, and completion is scheduled for Q3 of fiscal 2027.","jir_summary":"### Overview of the M&A\/Partnership\nKobelco Construction Machinery will acquire a 70% interest in CNH Industrial N.V.'s construction equipment business to integrate global sales and service networks, including digital solutions and the aftermarket, and strengthen its position in growth markets including North America. Through two new companies, the transaction will combine CNH's brand strength with Kobelco Construction Machinery's technological capabilities to expand the supply chain and customer touchpoints.\n\n### Outlook and Funding Method\nAcquisition funds are planned to be provided via a bridge loan from lead financial institutions, with refinancing to be considered at an appropriate time. The impact on future financial results is under review, and material matters will be disclosed promptly. The company aims to enhance corporate value by expanding the aftermarket globally and strengthening solutions businesses.","jir_financial_highlights":"Acquisition price: 700 million USD ((Note 3) Estimated total including acquisition-related expenses is 114,530 million yen)\nAcquisition-related expenses, etc.: 4,000 million yen (Estimated)\nShare ratio in new companies: 70% shares (Voting rights ratio after acquisition)\nExpected completion date: Q3 of fiscal 2027 (scheduled) (Scheduled)","jir_category":"","jir_hashtags":"#KobeSteel, #M&A, #ConstructionEquipment, #CNH, #KobelcoConstructionMachinery","jir_key_figures":"Acquisition price: 700 million USD (110,530 million yen equivalent)\nAcquisition-related expenses, etc.: 4,000 million yen\nShare acquisition ratio: 70% shares (for both New Company 1 and New Company 2)","jir_meta_title":"Kobe Steel, Ltd. to Acquire 70% Stake in CNH Construction Equipment Business | Completion Expected Q3 FY2027","jir_meta_description":"Kobe Steel, Ltd., through Kobelco Construction Machinery, will acquire a 70% interest in CNH Industrial N.V.'s construction equipment business. Details on new company establishment, schedule, financing plan, and outlook are disclosed.","jir_og_title":"Kobe Steel, Ltd. to Acquire 70% Stake in CNH Construction Equipment Business","jir_og_description":"A subsidiary of Kobe Steel, Ltd. will acquire 70% of CNH's construction equipment business. The company will establish new entities, finalize schedule and financing, and assess impacts on financial performance.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7654,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-145557","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n