Key Developments: Kobe Steel Ltd (5406.T)

5406.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kobe Steel and Shinsho Corp to establish JV in Mexico- Mena Report
Sunday, 21 Sep 2014 08:00pm EDT 

Kobe Steel Ltd:Kobe Steel Ltd and Shinsho Corp announced an agreement to establish a joint venture in Mexico with O&K American, Metal One Corporation, Mexico's Grupo Simec, SAB de CV and Osaka Seiko Limited for production of cold heading steel wires Called Kobelco CH Wire Mexicana, SA de CV- Mena Report.The new joint venture will deal in processing of steel wire rod into CH steel wire for sale to automotive parts manufacturers in Mexico.  Full Article

Kobe Steel Ltd completes establish joint venture with Angang Steel Co Ltd
Thursday, 7 Aug 2014 12:00am EDT 

Kobe Steel Ltd:Completed establish joint venture named KOBELCO ANGANG AUTO STEEL CO., LTD. in Iiaoning, China on Aug. 1.The joint venture will be engaged in manufacturing and selling of automotive cold-rolled high-tensile.Says Kobe Steel Ltd and Angang Steel Co Ltd will hold a 49 pct stake and a 51 pct stake in the joint venture respectively.Plan disclosed on Oct. 17, 2013.  Full Article

Kobe Steel Ltd amends consolidated mid-year outlook for FY 2015
Thursday, 31 Jul 2014 12:00am EDT 

Kobe Steel Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 940,000 million yen from 950,000 million yen for FY ending March 2015.Operating profit forecast increased to 50,000 million yen from 40,000 million yen.Ordinary profit forecast increased to 35,000 million yen from 25,000 million yen.Net profit forecast increased to 30,000 million yen from 20,000 million yen.Earnings per share increased to 8.25 yen from 5.5 yen.Comments the expected change in steel price is the main reason for the forecast.  Full Article

Kobe Steel Ltd amends consolidated full-year outlook and mid-year dividend forecast for FY 2015
Thursday, 31 Jul 2014 12:00am EDT 

Kobe Steel Ltd:Says the company lowered the consolidated full-year outlook for revenue to 1,930,000 million yen from 1,950,000 million yen for FY ending March 2015.Operating profit forecast at 105,000 million yen.Ordinary profit forecast at 80,000 million yen.Net profit forecast increased to 55,000 million yen from 50,000 million yen.Earnings per share increased to 15.13 yen from 13.76 yen.FY 2015 revenues of 1,921.67 billion yen, reported net profit of 52.38 billion yen – Thomson Reuters I/B/E/S.Comments the expected change in steel price and impact of steel inventory are the main reasons for the forecast.Amended mid-year dividend forecast to 2 yen per share for FY ending March 2015.Latest dividend forecast was an undetermined value.  Full Article

Kobe Steel to establish joint venture with Toyota Tsusho
Monday, 26 May 2014 03:00am EDT 

Kobe Steel Ltd:To establish a joint venture with Toyota Tsusho Corp, to produce and sell aluminum sheet for automotive body panels and automotive heat exchangers in U.S.Operation of joint venture will start in 2017, with Kobe Steel responsible for production, quality assurance and business operations and Toyota Tsusho in charge of product marking.  Full Article

Kobe Steel to pay year-end dividend for FY 2014
Friday, 16 May 2014 03:00am EDT 

Kobe Steel Ltd:To pay year-end dividend of 4 yen per share, in line with latest dividend forecast, for fiscal year 2014.Record date March 31 and effective date June 5.  Full Article

Kobe Steel Ltd To establish coal-fired power plant
Friday, 25 Apr 2014 02:00am EDT 

Kobe Steel Ltd:To establish coal-fired power plant, with generating capacity of 140 kilowatts in Hyogo, Japan.  Full Article

Kobe Steel issues mid-year and full-year consolidated outlook for FY 2015
Friday, 25 Apr 2014 12:30am EDT 

Kobe Steel Ltd:Mid-year consolidated revenue outlook of 950,000 mln yen, for fiscal year ending March 31, 2015.Mid-year operating profit outlook of 40,000 mln yen.Mid-year ordinary profit outlook of 25,000 mln yen.Mid-year net profit outlook of 20,000 mln yen.Mid-year earnings per share outlook of 5.50 yen.Full-year consolidated revenue outlook of 1,950,000 mln yen.Full-year operating profit outlook of 105,000 mln yen.Full-year ordinary profit outlook of 80,000 mln yen.Full-year net profit outlook of 50,000 mln yen.Full-year earnings per share outlook of 13.76 yen.  Full Article

Kobe Steel Ltd announces issue price and selling price of shares
Wednesday, 19 Feb 2014 03:15am EST 

Kobe Steel Ltd:Determined issue price of new shares through public offering at 138 yen pere share and paid-in price at 132.28 yen per share.Determined selling price of treasury shares through public offering at 138 yen per share and paid-in price at 132.28 yen per share.Determined paid-in price of new shares through private placement at 132.28 yen per share.  Full Article

Kobe Steel Ltd to issue new shares and sell treasury shares
Tuesday, 4 Feb 2014 01:50am EST 

Kobe Steel Ltd:Says to issue 470,831,000 shares through public offering with undetermined price, in domestic and overseas markets, with payment date between Feb. 26 and Mar. 4.Says to sell 103,919,000 treasury shares through public offering with undetermined price, with payment date between Feb. 26 and Mar. 4.Says to issue 57,750,000 shares through private placement to Mizuho Securities Co., Ltd. with undetermined price, with subscription date of Mar. 18 and payment date of Mar. 19.Says proceeds to be used for facility investment of steel business as well as automobile area of aluminum and copper business, and long-term loan repayment.  Full Article

UPDATE 1-Kobe Steel crude steel output hits 6-yr high

* Returns to black in 13/14, but sees lower profit in 14/15 (Adds comment, detail)

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