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Kobe Steel Ltd (KBSTY.PK)

KBSTY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Kobe Steel to establish joint venture with Novelis Korea in Korea
Tuesday, 9 May 2017 11:15pm EDT 

May 10(Reuters) - Kobe Steel Ltd <5406.T>:Says it will establish joint venture Ulsan Aluminum Ltd. with Novelis Korea Ltd in Korea, in late September.Says the joint venture will be engaged in manufacture of aluminium board rolled products.Says the company and Novelis Korea Ltd will hold a 50 percent stake in the Korea joint venture respectively.  Full Article

Kobe Steel partners with South Korean unit of Novelis to enlarge aluminum ops - Nikkei
Tuesday, 9 May 2017 01:24pm EDT 

May 9 (Reuters) - Nikkei::Kobe Steel Ltd will partner with South Korean unit of Novelis to supply Kobe Steel's processing plants in China and elsewhere - Nikkei.Kobe Steel expected to invest 30 - 40 billion yen as soon as this year in plant to be spun off as separate entity by South Korean unit of Novelis - Nikkei.  Full Article

Kobe Steel is seen logging a group pretax profit of roughly 40 bln yen for fiscal 2017 - Nikkei
Friday, 21 Apr 2017 01:11pm EDT 

April 21 (Reuters) - Nikkei: :Kobe Steel for fiscal 2017 is seen logging a group pretax profit of roughly 40 billion yen and its first net profit in three years - Nikkei.Kobe Steel sales for fiscal 2017 are expected to rise 7% over the estimated year-earlier result to about 1.8 trillion yen - Nikkei.Kobe Steel probably will not set a dividend for the current fiscal year when announcing year-earlier results April 28 - Nikkei.  Full Article

Kobelco Eco-Solutions forms business alliance with IHI Enviro Corporation
Monday, 27 Mar 2017 03:26am EDT 

Kobelco Eco-Solutions Co Ltd <6299.T>:Says it formed business alliance with IHI Enviro Corporation on sales, license and R& D of waste treatment facilities.  Full Article

Kobe Steel to boost construction machinery output in US-Nikkei
Thursday, 9 Mar 2017 05:28pm EST 

Nikkei: Kobe steel will ramp up construction machinery production in south carolina to prepare for increase in infrastructure projects .Kobe steel is investing roughly 4 billion yen ($34.8 million) and plans to triple its staff to 150 workers by 2020.  Full Article

Kobe Steel to dissolve jv with Chinese partners to revamp construction machinery ops
Thursday, 2 Feb 2017 02:00am EST 

Kobe Steel Ltd <5406.T>: Kobe Steel says to set aside reserves of 31 billion yen in FY16/17 for possible loan losses on its construction machinery business in China . Kobe Steel says to dissolve its jv with Chinese partners to revamp construction machinery business Further company coverage: [5406.T] (Reporting By Yuka Obayashi) ((Yuka.Obayashi@thomsonreuters.com;)).  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 01:13pm EDT 

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 01:30am EDT 

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 02:00am EST 

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

Kobe Steel expects extraordinary loss for Q3 of FY 2016
Tuesday, 2 Feb 2016 01:00am EST 

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

More From Around the Web

Japan's Kobe Steel to spend $484 million to strengthen aluminum business

TOKYO Kobe Steel Ltd said on Wednesday it will spend about 55 billion yen ($484 million) to expand its aluminum business, buying 50 percent of a plant in South Korea and building a new facility in Japan, to meet growing demand from car makers.

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