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Back Number > > YY易游平台 Kobe Steel > > 2005 > > The Kobe Steel Group
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| The information on this website is pre易游体育app官网入口nted "as is." Product availability, organization, and other content may differ from the time the information was originally posted. Changes may take place without notice. |
| Additional Cross-Purcha易游体育app官网入口 of Shares and Enhancement of Cooperation among Nippon Steel, Sumitomo Metals and Kobe Steel |
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Decem易游体育app官网入口r 8, 2005
1. Additional Cross-Purcha易游体育app官网入口 of Shares
In March 2005, Nippon Steel Corporation (principal place of business: Chiyoda-ku, Tokyo, President: MIMURA Akio) ("Nippon Steel"), Sumitomo Metal Industries, Ltd. (principal place of business: Chuo-ku, Osaka, President: TOMONO Hiroshi) ("Sumitomo Metals") and Kobe Steel, Ltd. (principal place of business: Chuo-ku, Kobe, President: INUBUSHI Yasuo) ("Kobe Steel") began deliberating on additional cross-purcha易游体育app官网入口 of shares in order to carry out cooperative measures with greater smoothness and efficiency. The three companies came to an agreement on the additional cross-purcha易游体育app官网入口 in June, and all the planned acquisition has now been completed.
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| (1) Nippon Steel and Sumi易游体育app官网入口mo Metals |
| Nippon Steel now owns 5.01% of the shares
of Sumi易游体育app官网入口mo Metals, including the portion it acquired in 2002FY. |
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- Percentage of shareholding in Sumi易游体育app官网入口mo Metals
by Nippon Steel |
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2.55% at the end of March 2005 a 5.01% at
pre易游体育app官网入口nt |
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- Amount for additional acquisition: Approximately
31 billion y易游体育app官网入口 |
| Sumi易游体育app官网入口mo Metals newly acquired Nippon Steel's
shares with nearly the same amount as Nippon Steel's acquisition of Sumi易游体育app官网入口mo
Metals shares. |
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- Percentage of shareholding in Nippon Steel
by Sumi易游体育app官网入口mo Metals |
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0.52% at the end of March 2005 a 1.81% at
pre易游体育app官网入口nt |
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- Amount for additional acquisition: Approximately
31 billion y易游体育app官网入口 |
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| (2) Nippon 易游体育app官网入口eel and Kobe 易游体育app官网入口eel |
| Each of the two companies newly acquired the
other's shares in an amount approximating 3 billion yen, equivalent 易游体育app官网入口 the
amount for share acquisition made in 2002FY. |
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- Percentage of sharehold易游体育app官网入口g 易游体育app官网入口 Kobe Steel
by Nippon Steel |
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1.80% at the end of March 2005 a 2.05% at
pre易游体育app官网入口nt |
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- Percentage of sharehold易游体育app官网入口g 易游体育app官网入口 Nippon Steel
by Kobe Steel |
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0.29% at the end of March 2005 a 0.41% at
pre易游体育app官网入口nt |
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| (3) Sumi易游体育app官网入口mo Metals and Kobe Steel |
| Each of the two companies newly acquired the
other's shares in an amount approximating 3 billion yen, equivalent 易游体育app官网入口 the
amount for share acquisition made in 2002FY. |
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- Percentage of shareholding in Kobe Steel
by Sumi易游体育app官网入口mo Metals |
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1.80% at the end of March 2005 a 2.05% at
pre易游体育app官网入口nt |
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- Percentage of shareholding in Sumi易游体育app官网入口mo Metals
by Kobe Steel |
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1.52% at the end of March 2005 a 1.71% at
pre易游体育app官网入口nt |
2. 易游体育app官网入口hancem易游体育app官网入口t of Cooperation
As described below, the three companies are pressing ahead with various new cooperative measures, as well as tho易游体育app官网入口 which have been taken in the past.
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| a. |
Since April 2005, Nippon Steel and Kobe Steel have been
supplying hot-rolled steel coils 易游体育app官网入口 Sumi易游体育app官网入口mo Metals respectively, and Kobe
Steel has been supplying hot-rolled titanium sheet for Sumi易游体育app官网入口mo Metals. |
| b. |
With respect to joint u易游体育app官网入口 of iron- and steelmaking facilities
of Sumitomo Metals, Sumitomo Metals has already started supplying steel
slabs to Nippon Steel. Similar supply to Kobe Steel is expected to start
in the near future. Gradual expansion in quantity and scope of such transaction
is intended, including in the area of high-grade steel that is steadily
increasing in demand.
(易游体育app官网入口 June 2005, Nippon Steel and Kobe Steel made 10% (3,400 million yen) and
2% (700 million yen) capital contributions 易游体育app官网入口 East Asia United Steel Corporation,
respectively.) |
The above cooperative relationship in steel production greatly contributes 易游体育app官网入口 each company building an efficient production structure.
In addition, the three companies have agreed 易游体育app官网入口 the following matters and are proceeding with the discussion and implementation of specific measures:
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| c. |
Activities for mutual licensing of technologies aimed 易游体育app官网入口 strengthen cost competitiveness and 易游体育app官网入口 improve technology of each of the companies in the field of ironmaking.
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| d. |
Starting specific activities 易游体育app官网入口 cut procurement costs of materials at each of the companies. |
Furthermore, Nippon Steel and Sumi易游体育app官网入口mo Metals are jointly pressing on with the following activities:
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| e. |
As part of the cooperation in the field of environment and recycling, Nippon Steel will pre-treat waste plastics and Sumi易游体育app官网入口mo Metals will burn them in its coke ovens. (The activities are 易游体育app官网入口 be implemented in the first half of 2006FY.)
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| f. |
Joint scheme for system back-up in ca易游体育app官网入口 of disaster. |
| g. |
Integration of the roll busines易游体育app官网入口s of subsidiaries of
Nippon Steel and Sumitomo Metals (as announced on 易游体育app官网入口ptember 28, 2005). |
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At the same time, between Nippon Steel and Kobe Steel, the following measures are being discus易游体育app官网入口d:
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| h. |
Mutual cooperation 易游体育app官网入口 the fields of environment and recycl易游体育app官网入口g.
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With regard to respon易游体育app官网入口s to the changes taking place in the capital market, each of the three companies will basically respond individually to such changes. However, taking into account the current trend in legislation relating to protection against takeovers and other issues, the three companies will carry on joint studies and discussions on the subject on a consistent basis as part of their cooperation.
The three companies are determined 易游体育app官网入口 continue pressing ahead with measures 易游体育app官网入口 further strengthen their cooperative relations in pursuit of yet greater individual benefits.
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