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Kobe Steel Ltd (5406.T)

5406.T on Tokyo Stock Exchange

1,025JPY
24 Nov 2017
Change (% chg)

¥-4 (-0.39%)
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¥1,029
Open
¥1,025
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¥1,033
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¥1,013
Volume
9,379,400
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¥1,395
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¥774

Latest Key Developments (Source: Significant Developments)

Mitsui CFO: considering steps for Multigrain by end-March, sale an option
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Mitsui & Co Ltd <8031.T>:says set aside 42.3 billion yen ($371.31 million) for losses on its Brazilian Multigrain unit in July-Sept quarter.CFO says considering taking some measure on Multigrain by end-March, with sale as an option.CFO says has seen no impact on its businesses related to Kobe Steel products.  Full Article

Kobe Steel expects data misconduct to cut 10 bln yen from FY17/18 recurring profit
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Kobe Steel Ltd <5406.T>::Kobe Steel exec: cuts fy2017/18 recurring profit forecast of aluminium and copper segment to 10 billion yen from 14 billion yen due to impact from data fabrication.Kobe Steel exec: expecting data misconduct to cut 10 billion yen from its fy17/18 recurring profit.Kobe Steel exec: financial impact from data fabrication includes reduction of output and falling orders in aluminium, copper and other segments.Kobe Steel exec: started talking with banks on financing.Kobe Steel exec: continuing to generate cash on our own to fund capex and other costs including expenses related to data fabrication.  Full Article

Kobe Steel says suspects 4 new cases of inappropriate action on data
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Kobe Steel <5406.T> says::suspects 4 new cases of inappropriate action on data.established third-party investigation team on Thursday comprising 3 lawyers.outside panel aims to complete its probe by year-end.229 customers out of 525 confirmed safety of products that used materials with faulty data from Kobe Steel.another 91 customers found "no immediate" safety issues on products that used Kobe Steel materials.no customers found any cases requiring recall of products that used materials from Kobe involving data fabrication.  Full Article

Kobe Steel intends to sell real estate business - Nikkei
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Nikkei::Kobe Steel intends to sell real estate business, sale is seen fetching about 50 billion yen - Nikkei.  Full Article

Kobe Steel's Iron and Steel business is expected to generate around 7 billion yen in pretax profit during FY starting in April 2017 - Nikkei
Thursday, 16 Jun 2016 

Nikkei: Kobe Steel's Iron and Steel business is expected to generate around 7 billion yen in pretax profit during the fiscal year starting in April 2017 - Nikkei .Kobe Steel Ltd aims to make the Iron and Steel operations profitable on their own starting next fiscal year - Nikkei.  Full Article

Kobe Steel lowers consolidated mid-year and full-year outlook for FY 2017
Thursday, 28 Apr 2016 

Kobe Steel Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 860,000 mln yen from 928,629 mln yen for the fiscal year ending March 31, 2017.Sees a decrease of operating profit forecast to 25,000 mln yen from 47,065 mln yen.Sees a decrease of ordinary profit forecast to 10,000 mln yen from 33,082 mln yen.Sees a decrease of net profit forecast to 5,000 mln yen from 13,428 mln yen.Sees a decrease of earnings per share to 1.37 yen from 3.70 yen.Says the company lowered the consolidated full-year outlook for revenue to 1,750,000 mln yen from 1,822,805 mln yen for the fiscal year ending March 31, 2017.Sees a decrease of operating profit forecast to 65,000 mln yen from 68,445 mln yen.Sees an increased ordinary profit forecast to 35,000 mln yen from 28,927 mln yen.Sees an increased net profit forecast to 20,000 mln yen from a loss of 21,556 mln yen.Sees an increased earnings per share to 5.50 yen from a loss of 5.93 yen.FY 2017 revenues of 1,793.07 billion yen, net income of 27.39 billion yen – Thomson Reuters I/B/E/S.Says slow down of economy in emerging countries, lower oil price and sluggish in demand as main reason for the forecast.  Full Article

Kobe Steel announces change of chairman
Thursday, 3 Mar 2016 

Kobe Steel Ltd:Says Hiroshi Sato will no longer serve as chairman.Effective April 1.  Full Article

Kobe Steel lowers consolidated full-year outlook and cancels year-end dividend for FY 2016
Tuesday, 2 Feb 2016 

Kobe Steel Ltd:Says the company lowered the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 1,840,000 million yen from 1,870,000 million yen.Operating profit forecast decreased to 65,000 million yen from 90,000 million yen.Ordinary profit forecast decreased to 25,000 million yen from 55,000 million yen.Net profit forecast decreased to a loss of 20,000 million yen from 20,000 million yen.Earnings per share decreased to a loss of 5.50 yen from 5.50 yen.Comments that decreased selling price and sales and increased cost are the main reasons for the forecast.Cancels year-end dividend for FY ending March 2016 and last forecast is an undermined value.  Full Article

Kobe Steel expects extraordinary loss for Q3 of FY 2016
Tuesday, 2 Feb 2016 

Kobe Steel Ltd:Expected extraordinary loss of 30.3 bln yen for Q3 of FY ending March 2016, for affiliates business loss.  Full Article

Kobe Steel announces merger between subsidiaries
Monday, 21 Dec 2015 

Kobe Steel Ltd:To merge its wholly owned subsidiary Kobelco Construction Machinery Co., Ltd. with another Tokyo-based wholly owned subsidiary KOBELCO CRANESCO., LTD. on April 1, 2016.KOBELCO CRANES to be dissolved after the transaction.  Full Article