Nippon Steel Corporation’s subsidiary, Nittetsu Engineering Co., Ltd., and Kanadevia Co., Ltd. signed a basic memorandum for business integration on 2026-02-05 and have commenced discussions aiming for integration in April 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,"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":"2026-02-05","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/5401-20260205-03.pdf","jir_short_summary":"Nippon Steel Corporation's subsidiary, Nittetsu Engineering Co., Ltd., and Kanadevia Co., Ltd. signed a basic memorandum for business integration on 2026-02-05 and have commenced discussions aiming for integration in April 2027.","jir_summary":"### Background and Purpose of Business Integration Discussions\nKanadevia Co., Ltd. is a leading company engaged in environmental and decarbonization businesses, with a track record of delivering waste treatment plants in over 44 countries worldwide. Meanwhile, Nittetsu Engineering Co., Ltd. is a comprehensive engineering company within the Nippon Steel Group, operating in the environmental, energy, and social infrastructure sectors. Against the backdrop of growing domestic and international demand for environmental facilities and the shift toward a decarbonized society, the two companies aim to strengthen their business portfolio centered on three pillars: resource circulation, decarbonization, and resilience through the business integration, aspiring to become a leading company in the environmental domain.\n\n### Overview of Business Integration and Future Schedule\nA basic memorandum was signed on 2026-02-05, with the final agreement planned for September 2026. Approval will be sought at extraordinary shareholders' meetings of both companies in November, followed by the planned business integration through an absorption-type merger in April 2027. The approach being considered designates Kanadevia as the surviving company and Nittetsu Engineering as the disappearing company, with the integration ratio to be determined based on future due diligence and evaluations by a third-party appraisal firm. The new integrated company may become a listed related or subsidiary company of Nippon Steel, with expectations to maintain listing on the Tokyo Stock Exchange Prime Market.","jir_financial_highlights":"Capital (Kanadevia Co., Ltd.): 45.4 billion yen (Unknown)\nCapital (Nittetsu Engineering Co., Ltd.): 15 billion yen (Unknown)\nNumber of Issued Shares (Kanadevia Co., Ltd.): 170,214,843 shares (Unknown)\nNumber of Issued Shares (Nittetsu Engineering Co., Ltd.): 300,000 shares (Unknown)\nScheduled Integration Date: April 2027 (planned) (Unknown)","jir_category":"","jir_hashtags":"#NipponSteelCorporation, #BusinessIntegration, #M&A, #EnvironmentalBusiness, #Decarbonization","jir_key_figures":"Capital of Kanadevia Co., Ltd.: 45.4 billion yen\nCapital of Nittetsu Engineering Co., Ltd.: 15 billion yen\nEffective Date of Business Integration: April 2027 (planned)","jir_meta_title":"Nippon Steel Subsidiary and Kanadevia Commence Business Integration Discussions, Integration Scheduled for April 2027","jir_meta_description":"Nippon Steel Corporation\u2019s subsidiary Nittetsu Engineering and Kanadevia Co., Ltd. have signed a basic memorandum toward business integration. Aiming for integration in April 2027 to strengthen competitiveness in environmental and decarbonization sectors.","jir_og_title":"Nippon Steel Subsidiary and Kanadevia Announce Start of Business Integration Discussions","jir_og_description":"Nippon Steel\u2019s subsidiary and Kanadevia have begun discussions for business integration, aiming to strengthen operations in environmental and decarbonization fields.","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":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-24655","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n