May 16, 2018
To Whom It May Concern
Company name: | |
Representative: | Kosei Shindo |
Representative Director and President | |
(Code number: | 5401 Tokyo Stock Exchange (First Section), |
Nagoya Stock Exchange (First Section), | |
Fukuoka Stock Exchange and Sapporo Stock | |
Exchange) | |
Contact: | Fumiaki Ohnishi |
General Manager, Public Relations Center | |
(Telephone: | +81-3-6867-2135, 2146, 2977, 3419) |
Nippon Steel & Sumitomo Metal Corporation
Notice regarding changes of the trade names of Nippon Steel & Sumitomo Metal Corporation ("NSSMC") and consolidated subsidiaries, and an amendment to the
Articles of Incorporation of NSSMC
This is to announce that NSSMC decided at its meeting of the board of directors held on May 16, 2018 to (i) change the trade name of NSSMC and (ii) submit an amendment to the Articles of Incorporation of NSSMC to the 94th Annual Meeting of Shareholders scheduled to be held on June 26, 2018 (see below for details).
Also, each of Nisshin Steel Co., Ltd. and NS Solutions Corporation, consolidated subsidiaries of NSSMC listed on the Tokyo Stock Exchange, decided at its meeting of the board of directors held on May 16, 2018 to change its trade name.
1. Change of trade name of NSSMC
(1) Reasons for the change
In October 2012, our company, with the trade name "NIPPON STEEL & SUMITOMO METAL CORPORATION," was formed from the business integration of Nippon Steel Corporation and Sumitomo Metal Industries, Ltd. This was followed by the consolidation of Nisshin Steel Co., Ltd. as a subsidiary in March 2017 and NSSMC is currently considering consolidating Sanyo Special Steel Co., Ltd. as a subsidiary. Further, amidst the advancing trend of globalization of the economy, NSSMC is strongly promoting the development of its business in areas such as the Americas, Europe, China, Southeast Asia and India.
In this environment, NSSMC has determined to adopt a new and more inclusive trade name befitting a steelmaker with origins in Japan and an emphasis on continuing growth in global markets looking toward the future.
(2) New trade name (Trade name in English)
Nippon Seitetsu Kabushiki Kaisha (NIPPON STEEL CORPORATION)
(3) Scheduled date of change
April 1, 2019
2. Amendment to the Articles of Incorporation of NSSMC
(1) Reasons for the amendment
For the reasons described in "(1) Reasons for the change" of "1. Change of trade name of NSSMC" above, Article 1 of the current Articles of Incorporation will be amended.
The effective date of the amendment to the Articles of Incorporation will be April 1, 2019.
(2)Content of the amendment
The provision of the Articles of Incorporation to be amended before and after the amendment is set forth below. The underlined portions are to be amended.
Current Articles of Incorporation | Proposed Amendments |
Article 1. The name of the Company shall be Shinnittetsu Sumikin Kabushiki Kaisha. It shall be written in English NIPPON STEEL & SUMITOMO METAL CORPORATION. | Article 1. The name of the Company shall be Nippon Seitetsu Kabushiki Kaisha. It shall be written in English NIPPON STEEL CORPORATION. |
3. Change of trade names of consolidated subsidiaries of NSSMC (listed companies)
1)Change of trade name of Nisshin Steel Co., Ltd.
(1) Reasons for the change
In consideration of the change of the trade name of the parent company NSSMC, the trade name of Nisshin Steel Co., Ltd. will be changed for purposes of consistency in branding and the fostering of a sense of unity throughout the NSSMC Group.
For more details, please see "Notice regarding change of trade name" which will be published by Nisshin Steel Co., Ltd. on May 16, 2018.
(2) New trade name (Trade name in English)
Nittetsu Nisshin Seiko Kabushiki Kaisha (NIPPON STEEL NISSHIN CO., LTD.)
(3) Scheduled date of change April 1, 2019
(4) Outline of Nisshin Steel Co., Ltd.
(i) Location | 4-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan |
(ii) Name and Title of the Representative | Kinya Yanagawa President & CEO and Representative Director |
(iii) Description of Business Activities | Manufacture and sales of ordinary steel, stainless steel and special steel |
(iv) Capital | 30,000 million Japanese yen |
2) Change of trade name of NS Solutions Corporation
(1) Reasons for the change
In consideration of the change of the trade name of the parent company NSSMC, the trade name of NS Solutions Corporation will be changed for purposes of consistency in branding and the fostering of a sense of unity throughout the NSSMC Group.
For more details, please see "Notice regarding change of trade name and amendment to Articles of Incorporation" which will be published by NS Solutions Corporation on May 16, 2018.
(2) New trade name (Trade name in English)
Nittetsu Solutions Kabushiki Kaisha (NS Solutions Corporation (no change))
(3) Scheduled date of change
April 1, 2019
(4) Outline of NS Solutions Corporation
(i) Location | 20-15, Shinkawa 2-chome, Chuo-ku, Tokyo, Japan |
(ii) Name and Title of the Representative | Munetaka Shashiki Representative Director & President |
(iii) Description of Business Activities | Engineering and consulting regarding computer systems, provision of outsourcing services using information technology, etc. |
(iv) Capital | 12, 952 million Japanese yen |
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Nippon Steel & Sumitomo Metal Corporation published this content on 16 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2018 05:32:01 UTC