Edition:
United Kingdom

Kobe Steel Ltd (5406.T)

5406.T on Tokyo Stock Exchange

669JPY
18 Jun 2019
Change (% chg)

¥-10 (-1.47%)
Prev Close
¥679
Open
¥676
Day's High
¥682
Day's Low
¥667
Volume
1,663,700
Avg. Vol
2,620,277
52-wk High
¥1,138
52-wk Low
¥651

Latest Key Developments (Source: Significant Developments)

Larsen & Toubro Divests Stake In L&T Kobelco Machinery
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Larsen & Toubro ::ENTERED DEFINITIVE AGREEMENT WITH KOBE STEEL, LTD.AGREEMENT FOR DIVESTMENT OF STAKE IN L&T KOBELCO MACHINERY PVT LTD, A 51:49 JOINT VENTURE BETWEEN L&T AND KOBE STEEL, LTD.  Full Article

Nippon Steel: Fair Trade Commission Approves Its Bid To Make Sanyo Special Steel A Subsidiary On Condition It Transfer Part Of Its Interest To Kobe Steel
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Nippon Steel & Sumitomo Metal Corp <5401.T>::FAIR TRADE COMMISSION APPROVES ITS BID TO MAKE SANYO SPECIAL STEEL A SUBSIDIARY ON CONDITION IT TRANSFER PART OF ITS INTEREST TO KOBE STEEL.  Full Article

Kobe Steel Executive Says Its Data-Tampering Will Reduce Its Annual Profit By 11 Billion Yen, Against Its Earlier Estimate Of 10 Billion Yen
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Kobe Steel Ltd <5406.T>::KOBE STEEL EXECUTIVE SAYS ITS DATA-TAMPERING WILL REDUCE ITS ANNUAL PROFIT BY 11 BILLION YEN, AGAINST ITS EARLIER ESTIMATE OF 10 BILLION YEN.  Full Article

Tokyo Prosecutors Have Subpoenaed Documents From Kobe Steel- Nikkei, Citing Source
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Nikkei ::TOKYO PROSECUTORS HAVE SUBPOENAED DOCUMENTS FROM KOBE STEEL- NIKKEI, CITING SOURCE.JAPANESE PROSECUTORS HAVE BEGUN INVESTIGATING KOBE STEEL'S QUALITY DATA SCANDAL- NIKKEI.  Full Article

Kobe Steel to set up new unit to transfer Kobe-based power generation business to it
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Kobe Steel Ltd <5406.T>:Says co plans to set up a new unit, which will be capitalized at 300 million yen, on May 11.Says co will transfer Kobe-based power generation business to the unit .  Full Article

Kobe Steel To Appoint Mitsugu Yamaguchi As President - Nikkei ‍​
Thursday, 8 Mar 2018 

March 9 (Reuters) - Nikkei: :KOBE STEEL PLANS TO APPOINT MITSUGU YAMAGUCHI AS PRESIDENT TO REPLACE HIROYA KAWASAKI - NIKKEI ‍​.  Full Article

Kobe Steel Executive Says Its Data Misconduct Had An Impact Of 4 Billion Yen On Its Profit For April-December Period
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Kobe Steel Ltd <5406.T>::KOBE STEEL EXECUTIVE SAYS ITS DATA MISCONDUCT HAD AN IMPACT OF 4 BILLION YEN ON ITS PROFIT FOR APRIL-DECEMBER PERIOD.KOBE STEEL EXECUTIVE SAYS STILL EXPECTS DATA FALSIFICATION TO CUT 10 BILLION YEN FROM ITS FY17/18 RECURRING PROFIT.  Full Article

Kobe Steel says lawsuit regarding metal products price disputes in Canada
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Kobe Steel Ltd <5406.T>:Says four individuals filed lawsuit against the co, Shinko Metal Products Co Ltd, Shinko Aluminum Wire Co Ltd, Kobelco & Materials Copper Tube Co Ltd, Nippon Koshuha Steel Co Ltd <<<5476.T>>> and Shinko Wire Co Ltd <<<5660.T>>>'s wholly owned unit Shinko Wire Stainless Co Ltd, with Supreme Court of British Columbia and Ontario Superior Court of Justice, regarding metal products price disputes.Other details are not disclosed .  Full Article

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