Nippon Kinzoku: Nippon Steel becomes top shareholder

Nippon Kinzoku (TSE:5491) announced today that Nippon Steel Corporation has become its largest shareholder, effective April 1, 2025. This change stems from the absorption-type merger between Nippon Steel and Nisshin Stainless Co., Ltd., with Nippon Steel as the surviving entity. Consequently, Nippon Steel now holds 8,324 voting rights (832,400 shares), representing 12.46% of the total voting rights. Previously, Nisshin Stainless held this position with the same number of voting rights. Nippon Kinzoku confirms that this shift in major shareholders will not impact the company's performance.