Takasago Tekko: Nippon Steel becomes largest shareholder after merger

Takasago Tekko Kk (TSE:5458) announced today that Nippon Steel Corporation has become its largest shareholder. This change results from Nippon Steel's merger with Nittetsu Stainless Co., Ltd., a previous major shareholder of Takasago Tekko. Effective April 1, 2025, Nippon Steel now holds 9,222 voting rights, representing 30.80% of the total voting rights. Nittetsu Stainless, previously holding the same stake, has been dissolved in the merger. Takasago Tekko anticipates no impact on its business performance resulting from this shift in major shareholders. Nippon Steel's primary business includes steel manufacturing, engineering, and chemical solutions, with a capital of JPY 569,519 million.