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    5401   JP3381000003

NIPPON STEEL CORPORATION

(5401)
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Nippon Steel sues Toyota, Chinese steelmaker for patent violation

10/14/2021 | 04:08am EST

Nippon Steel Corp. said Thursday it has filed lawsuits against Toyota Motor Corp. and Chinese steelmaker Baoshan Iron & Steel Co., alleging infringement of a patent related to a key steel product for electric vehicle and seeking damages of 20 billion yen ($176 million) from each company.

Japan's largest steelmaker has also asked the Tokyo District Court to issue an injunction prohibiting Toyota from manufacturing and selling electric vehicles made with non-oriented electrical steel sheets suspected of violating its patent, it said.

Nippon Steel said it had discussed the matter with the two companies but failed to reach a resolution.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BAOSHAN IRON & STEEL CO., LTD. -2.10% 6.52 End-of-day quote.9.58%
NIPPON STEEL CORPORATION -2.75% 1699.5 End-of-day quote.27.97%
TOYOTA MOTOR CORPORATION -0.55% 2001 End-of-day quote.25.74%
All news about NIPPON STEEL CORPORATION
11/29Nippon Steel in Talks to Buy Steel Mill in Southeast Asia
CI
11/29Nippon Steel in talks to buy steel mill in Southeast Asia - executive
RE
11/25Nippon Steel Ups FY22 Earnings Outlook as Fiscal H1 Attributable Profit Surges 204%
MT
11/18Nikkei dips but pares losses after report on larger stimulus
RE
11/17Japanese shares dip as inflation worries hit global stocks
RE
11/12U.S. will open talks with Japan on import steel, aluminum tariffs
RE
11/04Japan asks U.S. to abolish extra steel and aluminium tariffs
RE
11/04Nippon Steel Resumes Interim Dividend Payment on Return to Fiscal H1 Profit
MT
11/04Japanese shares track Wall Street higher as Fed affirms taper plan
RE
11/03Japanese shares track Wall Street higher; Toyota outlook in focus
RE
More news
Analyst Recommendations on NIPPON STEEL CORPORATION
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Financials
Sales 2022 6 588 B 57 997 M 57 997 M
Net income 2022 489 B 4 305 M 4 305 M
Net Debt 2022 2 378 B 20 932 M 20 932 M
P/E ratio 2022 3,30x
Yield 2022 8,53%
Capitalization 1 565 B 13 800 M 13 777 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,60x
Nbr of Employees 106 226
Free-Float 91,1%
Chart NIPPON STEEL CORPORATION
Duration : Period :
Nippon Steel Corporation Technical Analysis Chart | 5401 | JP3381000003 | MarketScreener
Technical analysis trends NIPPON STEEL CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 1 699,50 JPY
Average target price 2 730,00 JPY
Spread / Average Target 60,6%
EPS Revisions
Managers and Directors
Eiji Hashimoto President & Representative Director
Kosei Shindo Chairman
Shuhei Onoyama Representative Director & Vice President
Mutsutake Otsuka Independent Outside Director
Ichiro Fujisaki Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
NIPPON STEEL CORPORATION27.97%13 800
NUCOR CORPORATION99.77%30 369
ARCELORMITTAL26.75%25 502
TATA STEEL LIMITED66.51%17 432
POSCO-4.04%16 629
STEEL DYNAMICS, INC.62.19%11 867