Sanyo Special Steel to be delisted following Nippon Steel takeover

Sanyo Special Steel announced that its shares will be delisted from the Tokyo Stock Exchange (TSE:5481) effective April 23, 2025. This decision follows the approval by Sanyo Special Steel's board of directors on March 28, 2025, of the demand for a share cash-out by Nippon Steel Corporation, its special controlling shareholder. With the share cash-out approved, Sanyo Special Steel shares now fall under the TSE's delisting criteria. The company expressed gratitude to its shareholders and stakeholders for their long-standing support and understanding and affirmed its commitment to enhancing corporate value.