Kobe Steel Ltd (KBSTY.PK) Key Developments | Reuters.com
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Kobe Steel Ltd (KBSTY.PK)

KBSTY.PK on OTC Markets Group

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

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

Kobe Steel lowers consolidated full-year outlook and cancels year-end dividend for FY 2016
Tuesday, 2 Feb 2016 01:00am EST 

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 announces merger between subsidiaries
Monday, 21 Dec 2015 02:00am EST 

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

Kobe Steel to transfer business to newly established subsidiary
Monday, 30 Nov 2015 02:00am EST 

Kobe Steel Ltd:To set up a new wholly owned subsidiary in Tochigi on Jan. 15, 2016.To transfer its power supply related business in Moka city, Tochigi to its newly established subsidiary, effective on Jan. 15, 2016.  Full Article

Kobe Steel to issue 66th series unsecured corporate bonds
Thursday, 26 Nov 2015 09:30pm EST 

Kobe Steel Ltd:To issue 66th series unsecured corporate bonds worth 10 billion yen, subscription date on Nov. 27 and payment date on Dec. 3.The bonds are each with face value of 100 million yen, issue price at 100 yen per face value of 100 yen, maturity date Dec. 3, 2020 and coupon rate 0.471 pct per annum.Nomura Securities Co., Ltd. included four securities companies will serve as underwriters.  Full Article

Kobe Steel lowers consolidated mid-year and fully year outlook for FY 2016
Monday, 28 Sep 2015 03:30am 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 2016.Sees a decrease of operating profit forecast to 45,000 million yen from 50,000 million yen.Sees a decrease of ordinary profit forecast to 35,000 million yen from 40,000 million yen.Sees a decrease of net profit forecast to 10,000 million yen from 20,000 million yen.Sees a decrease of earnings per share to 2.75 yen from 5.50 yen.Says the company lowered the consolidated full-year outlook for revenue to 1,900,000 million yen from 1,950,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 95,000 million yen from 125,000 million yen.Sees a decrease of ordinary profit forecast to 65,000 million yen from 95,000 million yen.Sees a decrease of net profit forecast to 25,000 million yen from 60,000 million yen.Sees a decrease of earnings per share to 6.88 yen from 16.51 yen.Comments the decreased income and increased cost are the main reasons for the forecast.  Full Article

Kobe Steel to issue 64th and 65th series unsecured corporate bonds
Thursday, 20 Aug 2015 10:30pm EDT 

Kobe Steel Ltd:To issue 64th series unsecured corporate bonds worth 10 bln yen through public offering.Says each bonds worth 100 million yen.Bonds with an interest rate of 0.301 pct and a term of five years.Maturity on Aug. 27, 2020.Subscription date on Aug. 21, 2015 and payment date on Aug. 27, 2015.To issue 65th series unsecured corporate bonds worth 10 bln yen through public offering.Says each bonds worth 100 million yen.Bonds with an interest rate of 0.815 pct and a term of ten years.Maturity on Aug. 27, 2025.Subscription date on Aug. 21, 2015 and payment date on Aug. 27, 2015.Proceeds to be used to repay the loan.  Full Article

BRIEF-Kobe steel will spend 10 bln yen to build plants in U.S., China - Nikkei

* Kobe Steel Will Spend Roughly 10 Bln Yen To Build Plants In U.S., China; U.S. Plant Due For Completion In 2017 Will Be Located In Kentucky - Nikkei

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