Kobe Steel Ltd (5406.T)
872JPY
13 Dec 2018
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¥872
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3,272,087
¥1,254
¥833
Latest Key Developments (Source: Significant Developments)
Kobe Steel Executive Says Its Data-Tampering Will Reduce Its Annual Profit By 11 Billion Yen, Against Its Earlier Estimate Of 10 Billion Yen
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
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
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
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
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
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
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
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
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
Oct 10 (Reuters) - Nikkei::Kobe Steel intends to sell real estate business, sale is seen fetching about 50 billion yen - Nikkei. Full Article
Japan's corporate image hit by falsification scandal - poll
* Recent scandals have shaken confidence at Japan manufacturers
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