Kuroda Precision holds about 30% of the global market for EV drive motor-core dies. The 100-year-old firm now bets on amorphous alloy and cobalt-heavy permendur, and on a supply chain shaped by geopolitics.
Sanyo Special Steel, Japan's No.1 maker of bearing steel and a world leader in steel cleanliness, will be absorbed by Nippon Steel and dissolved on April 1, 2027. The model for the famous novel The Grand Family, it once suffered postwar Japan's largest bankruptcy. Why give up the name now? A look at China's steel glut and an unexpected Swedish thread.
Japan's steel industry accounts for about 40% of the country's industrial CO2 emissions. The government now aims to create a green steel market exceeding 3 million tons annually by the early 2030s, combining hydrogen reduction, electric arc furnaces, and CCUS. Here's how Japan plans to standardize carbon footprint metrics and respond to the EU's CBAM.
Nippon Steel raised roughly ¥1.3 trillion through the largest convertible bond issuance in Japanese corporate history (¥600 billion) plus JBIC loans, refinancing the bridge loan behind its $14.9 billion U.S. Steel acquisition and funding a ¥6 trillion five-year investment plan. Inside the numbers, the new global production ranking, and the unprecedented "golden share" arrangement.