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Kobe Steel Ltd (5406.T)

5406.T on Tokyo Stock Exchange

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Tue, Apr 24 2018

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

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

New head of scandal-hit Kobe Steel may seek mergers for some business units

Kobe Steel's new president on Friday said he may seek mergers or alliances outside the company for one or more of its business divisions, as he battles to repair damage from a data fraud scandal that roiled Japanese industry. | Video

UPDATE 1-New head of scandal-hit Kobe Steel may seek mergers for some business units

* New president says may seek mergers for individual divisions

Japan's Kobe Steel names Yamaguchi as president after data fraud

TOKYO Japan's Kobe Steel Ltd on Friday appointed the head of its machinery business as its new president and chief executive, looking outside its major steel division for leadership in the wake of a widespread data fraud scandal.

UPDATE 3-Japan's Kobe Steel names Yamaguchi as president after data fraud

* Will hold news conference next Friday (Recasts with company announcement)

Kobe Steel to appoint Mitsugu Yamaguchi as president - Nikkei

March 9 Kobe Steel Ltd plans to appoint machinery business boss Mitsugu Yamaguchi as president, to replace Hiroya Kawasaki who is resigning over a quality control scandal, the Nikkei reported on Friday.

Kobe Steel, Toyota hit with U.S. lawsuit over vehicle metal quality

NEW YORK/TOKYO U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles. | Video

UPDATE 2-Kobe Steel, Toyota hit with U.S. lawsuit over vehicle metal quality

* Proposed lawsuit is 1st U.S. consumer complaint for Kobe Steel

Kobe Steel, Toyota hit with U.S. lawsuit over vehicle metal quality

NEW YORK, March 6 U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of sub-standard metal components in vehicles.

Kobe Steel admits data fraud went on nearly five decades, CEO to quit

TOKYO Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance. | Video

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