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Kobe Steel Ltd (5406.T)

5406.T on Tokyo Stock Exchange

940JPY
10:25pm EDT
Change (% chg)

¥-1 (-0.11%)
Prev Close
¥941
Open
¥940
Day's High
¥945
Day's Low
¥934
Volume
1,178,500
Avg. Vol
3,532,027
52-wk High
¥1,369
52-wk Low
¥774

Latest Key Developments (Source: Significant Developments)

Kobe Steel says lawsuit regarding product disputes
Tuesday, 13 Mar 2018 11:08pm EDT 

March 14 (Reuters) - Kobe Steel Ltd <5406.T>:Says two individuals Alejandro Nava and Shantnu Malhotra have filed a lawsuit against the company and units, claiming compensation, for automobile related metal products problems .  Full Article

Kobe Steel To Invest 20 Bln Yen In Technologies Such As Automated Data Entry ‍- Nikkei
Monday, 12 Mar 2018 04:45pm EDT 

March 13 (Reuters) - Nikkei::KOBE STEEL TO INVEST 20 BILLION YEN IN TECHNOLOGIES SUCH AS AUTOMATED DATA ENTRY BY FISCAL 2020 ‍- NIKKEI.KOBE STEEL'S INVESTMENTS TO FOCUS ON ALUMINUM AND COPPER BUSINESS, WITH OTHER SEGMENTS TO BE CONSIDERED LATER‍​ - NIKKEI.  Full Article

Kobe Steel Says Mitsugu Yamaguchi To Be New President
Thursday, 8 Mar 2018 10:31pm EST 

March 9 (Reuters) - Kobe Steel Ltd <5406.T>::KOBE STEEL SAYS MITSUGU YAMAGUCHI TO BE NEW PRESIDENT.  Full Article

Kobe Steel Says Ceo And President Kawasaki To Resign
Tuesday, 6 Mar 2018 01:30am EST 

March 6 (Reuters) - Kobe Steel Ltd <5406.T>::CEO AND PRESIDENT KAWASAKI TO RESIGN.TO ANNOUNCE SUCCESSOR TO KAWASAKI AFTER DECIDING AT BOARD MEETING TO BE HELD SOON.ANNOUNCES TEMPORARY PAY CUTS FOR ALL INTERNAL EXECUTIVE OFFICERS.  Full Article

Kobe Steel CEO Hiroya Kawasaki Will Step Down - Nikkei
Monday, 5 Mar 2018 12:20pm EST 

March 5 (Reuters) - Nikkei::KOBE STEEL CHAIRMAN AND CEO HIROYA KAWASAKI WILL STEP DOWN IN CONNECTION WITH QUALITY CONTROL LAPSES - NIKKEI, CITING PEOPLE FAMILIAR WITH THE MATTER.KAWASAKI WILL VACATE HIS SEAT ON KOBE STEEL'S BOARD IN JUNE - NIKKEI.HEAD OF KOBE STEEL'S ALUMINUM AND COPPER DIVISION, AKIRA KANEKO, WILL ALSO RESIGN, AS WILL SEVERAL OTHER EXECUTIVES - NIKKEI.  Full Article

Kobe Steel says lawsuit regarding metal products price disputes in Canada
Friday, 8 Dec 2017 02:02am EST 

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 01:45am EDT 

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 03:05am EDT 

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
Thursday, 26 Oct 2017 02:18am EDT 

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
Tuesday, 10 Oct 2017 01:18pm EDT 

Oct 10 (Reuters) - Nikkei::Kobe Steel intends to sell real estate business, sale is seen fetching about 50 billion yen - Nikkei.  Full Article

Nikkei falls as tumble by Chinese shares sours sentiment

TOKYO, Aug 2 Japan's Nikkei share average on Thursday pulled back from the previous day's near two-week highs, as Chinese stocks fell sharply after an escalation in the Sino-U.S. trade war soured sentiment.