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Kobe Steel Ltd (5406.T)

5406.T on Tokyo Stock Exchange

1,128JPY
8:56pm EDT
Change (% chg)

¥-3 (-0.27%)
Prev Close
¥1,131
Open
¥1,135
Day's High
¥1,135
Day's Low
¥1,111
Volume
1,660,100
Avg. Vol
7,665,821
52-wk High
¥1,395
52-wk Low
¥774

Latest Key Developments (Source: Significant Developments)

Tokyo Prosecutors Have Subpoenaed Documents From Kobe Steel- Nikkei, Citing Source
Tuesday, 24 Apr 2018 01:31pm EDT 

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
Wednesday, 4 Apr 2018 03:01am EDT 

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 ‍​
Thursday, 8 Mar 2018 02:41pm EST 

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
Thursday, 1 Feb 2018 02:00am EST 

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
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

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

BRIEF-Tokyo Prosecutors Have Subpoenaed Documents From Kobe Steel- Nikkei, Citing Source

* TOKYO PROSECUTORS HAVE SUBPOENAED DOCUMENTS FROM KOBE STEEL- NIKKEI, CITING SOURCE