Latest news with #TakahiroMori
Business Insider
05-07-2025
- Business
- Business Insider
Nomura Reaffirms Their Buy Rating on Menicon Co (5FR)
In a report released on July 2, Takahiro Mori from Nomura maintained a Buy rating on Menicon Co, with a price target of Yen1,400.00. The company's shares closed last Thursday at €6.45. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Mori is an analyst with an average return of -11.0% and a 25.00% success rate. Mori covers the Healthcare sector, focusing on stocks such as Menicon Co, Asahi Intecc Co, and Fukuda Denshi Co. Currently, the analyst consensus on Menicon Co is a Moderate Buy with an average price target of €8.22. Based on Menicon Co's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €30.94 billion and a net profit of €1.49 billion. In comparison, last year the company earned a revenue of €29.28 billion and had a net profit of €1.26 billion
CBS News
25-06-2025
- Business
- CBS News
Nippon Steel's vice chairman reaffirms company's commitment to Pittsburgh and Mon Valley
With Nippon Steel's acquisition of U.S. Steel complete, the vice chairman of the Japanese company is reaffirming its multi-billion-dollar commitment to Pittsburgh and the Mon Valley. In an open letter to the region published this week in the Pittsburgh Post-Gazette, Nippon Steel Vice Chairman Takahiro Mori says Nippon is eager to return the region to the forefront of global steelmaking. Nippon Steel's commitment to Pittsburgh region Back in January, Mori met with the mayors of the Mon Valley, promising billions of dollars in investments to revitalize steel making in their struggling towns. Now that the acquisition of U.S. Steel has been consummated, Mori penned a letter to the Post-Gazette affirming that commitment and more — promises that, if realized, will make our region a world leader in steelmaking once again, starting with Braddock's Mon Valley Works facility. Nippon promises a $2 billion upgrade to the aging mill by 2028, installing a state-of-the-art hot strip mill. The company also promises to leverage $500 million to build a research and development center in the Pittsburgh region. Nippon will make good on its commitment to retain the name of U.S. Steel and keep the headquarters in Pittsburgh, but also move the U.S. Nippon headquarters from Houston to Pittsburgh. And as an added sweetener, give all U.S. steelworkers a $5,000 bonus. Local leaders react to open letter Mori made several visits to the Mon Valley and won the support of the mayors and rank-and-file steelworkers. In his open letter, he praised the region's work ethic and legacy, which he said solidified his commitment "You and your neighbors have shown immense kindness and support throughout this journey. You've invited us to sit at your kitchen tables; you've shown up to rallies with signs; you've provided valuable feedback; and, most importantly, you've been open to hearing our vision for U.S. Steel. For that, I want to share a most heartfelt thank you," he wrote. West Mifflin Mayor Chris Kelly says Mori and Nippon Steel's commitment will mean thousands of jobs. "The more of the steelworkers that he met and the more of the community leaders he met, he said I'm in this," Kelly said. "We know that sometimes he was down, but he said I'm not walking away from this and he didn't. And now he's ready to spend." And if Mori and Nippon Steel are true to their word, that new hot strip mill will be coming to the Edgar Thomson Steel Works facility in the next three years, ensuring the legacy of steelmaking will continue in the Mon Valley for a new generation.
24-06-2025
- Business
Nippon Steel Shareholders Laud Successful U.S. Steel Acquisition
News from Japan Economy Jun 24, 2025 17:58 (JST) Tokyo, June 24 (Jiji Press)--Nippon Steel Corp. shareholders on Tuesday praised the Japanese steelmaker's successful acquisition of United States Steel Corp. despite initial opposition from the U.S. government, but expressed concerns about the implications of a "golden share" given to Washington. All three company proposals including on personnel appointments were approved at Nippon Steel's shareholders meeting in Tokyo, despite a campaign by an investment fund urging shareholders to oppose the reappointment of President Tadashi Imai and Vice Chairman Takahiro Mori as directors. The fund had taken issue with the company issuing to the U.S. government a golden share in U.S. Steel, giving it veto rights over important management matters, as part of the buyout. A total of 1,257 people attended the meeting, around double the number of last year's meeting participants. Of the questions raised by shareholders in the one-hour, 56-minute meeting, around half were related to U.S. Steel. A participating shareholder in his 60s lauded the company's successful takeover of the U.S. steelmaker, saying that " the penalty for an unsuccessful acquisition would have had a larger negative impact." [Copyright The Jiji Press, Ltd.] Jiji Press
Yahoo
19-06-2025
- Business
- Yahoo
Nippon Steel Says It Could Issue Equity to Fund US Takeover
(Bloomberg) -- Nippon Steel Corp. will consider a capital increase to fund its long-awaited $14.1 billion purchase of United States Steel Corp. and associated investment promises, the company's vice chairman said on Thursday. Security Concerns Hit Some of the World's 'Most Livable Cities' JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown How E-Scooters Conquered (Most of) Europe NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Takahiro Mori told reporters in Tokyo that the company would not rule out the option of issuing equity, but said Nippon Steel would seek to avoid structures that could hit existing investors and the earnings per share of the combined company. He gave no further details. 'Given the substantial amount of capital required, it is certainly within our scope of consideration. However, as we have explained several times, we are not considering a capital increase that would result in dilution,' Mori said. 'If we were to proceed, it would be done within a range that does not affect EPS.' After an 18-month wait, the Japanese steelmaker won White House approval for its acquisition late last week, when President Donald Trump confirmed he would give the deal his blessing, subject to concessions including $11 billion of investments in the Pittsburgh-based producer and so-called 'golden share' for the US government. Still, concerns over the dilutive effect of the deal have been among the factors pulling Nippon Steel shares lower for much of this week, after hopes of growth in the new market initially bumped it higher. The stock rose as much as 5.1% on Thursday, after two days in the red. Nippon Steel's executives sought to defend the deal's rationale and the company's ability to retain management control even with the mitigation measures demanded by the White House, which would effectively give the US government a say in key decisions. 'No one in the US government has hands-on experience in running a steel company. Restricting our actions would make it impossible to turn US Steel around,' Chief Executive Officer Eiji Hashimoto said at the same press briefing. 'We believe that the agreement is fully satisfactory for our company, as it ensures both the managerial flexibility and profitability that are essential for business investment.' Hashimoto said US Steel, the company's biggest foreign purchase to date, was key to its ambitions to expand globally. Nippon Steel's move is in large part a bet on a new market for its high-end specialty steel — one that is intended to help the industrial heavyweight diversify away from shrinking demand at home and to help it cope with competition from low-cost Chinese exports. Japan's government has welcomed the tie-up, saying as the transaction closes that it will contribute to a better investment environment and strengthen ties between Washington and Tokyo. --With assistance from Go Onomitsu. (Adds Hashimoto comments from paragraph five.) Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
19-06-2025
- Business
- Bloomberg
Nippon Steel Says It Could Issue Equity to Fund US Takeover
Nippon Steel Corp. could issue equity to fund its $14.1 billion purchase of United States Steel Corp. and associated investment promises, the company's vice chairman said on Thursday. 'We aren't ruling out equity to fund the investment in US Steel,' Takahiro Mori told reporters in Tokyo. He added that the company would seek to avoid options that could dilute existing shareholders, but gave no further details.
