Osaka Steel reports major shareholder details, key transactions

TOKYO, Jun 25 (Pulse News Wire) – Osaka Steel CO.,LTD. (5449.F) disclosed significant shareholder information and key transactions involving its parent company, Nippon Steel Corporation.

As of March 31, 2026, Nippon Steel held 56.11% of Osaka Steel's voting rights, comprising 55.65% direct holdings and 0.46% indirect holdings through related companies. Osaka Steel operates independently within the Nippon Steel group, focusing on electric furnace steel production while maintaining strategic alignment and operational synergies. The company reported three independent outside directors and two independent outside audit committee members appointed to enhance governance structures.

Transactions included power purchases totaling ¥6.793 billion and loan repayments amounting to ¥633 million during the fiscal year ending March 31, 2026. Regarding minority shareholder protection, Osaka Steel emphasized adherence to general transaction conditions and rigorous review processes for potential conflicts of interest. All significant transactions, such as CMS utilization, were subject to thorough scrutiny by an independent special committee before final approval by the board.