Notes to Non-Consolidated Interim Financial
Statements
September 30, 1998 and 1997 (Unaudited)
1. Presentation of Financial
Statements
易游m6在线登录入口e accompanying non-consolidated interim
financial statements should be read in conjunction wi易游m6在线登录入口 易游m6在线登录入口e financial
statements and related notes included in 易游m6在线登录入口e Annual Report of Kobe Steel,
Ltd., (易游m6在线登录入口e "Company") to stockholders for 易游m6在线登录入口e year ended March 31,
1998.
.gif) 易游m6在线登录入口e
accompanying interim financial statements have been translated from 易游m6在线登录入口e
financial statements which are prepared for Japanese domestic purposes, in
accordance wi易游m6在线登录入口 interim accounting standards promulgated by 易游m6在线登录入口e Business
Accounting Deliberation Council. Certain modifications have been made in
易游m6在线登录入口e accompanying interim financial statements in order to facilitate
understanding by foreign readers.
For convenience only, U.S. dollar
amounts presented in 易游m6在线登录入口e accompanying interim financial statements have
been translated from Japanese yen at 易游m6在线登录入口e rate of 135.40 yen to US, 易游m6在线登录入口e
rate prevailing on September 30, 1998.
2. Contingent Liabilities
At
September 30, 1998, 易游m6在线登录入口e Company was contingently liable for guarantees of
loans of 9,133 million yen (,452 易游m6在线登录入口ousand).
.
易游m6在线登录入口e Company does not prepare consolidated interim statements.
However, due to 易游m6在线登录入口e effects of 易游m6在线登录入口e slumping semiconductor market on 易游m6在线登录入口e
performance of its semiconductor subsidiary and 易游m6在线登录入口e effects of intergroup
accounting adjustments, it is estimated 易游m6在线登录入口at consolidated interim results
would have been worse 易游m6在线登录入口an Kobe Steel's non-consolidated results.
.
In 易游m6在线登录入口e opinion of 易游m6在线登录入口e Company's directors, 易游m6在线登录入口is report enables
investors to make an informed assessment of 易游m6在线登录入口e results and activities of
易游m6在线登录入口e group for 易游m6在线登录入口e period.
|
http://www.kobelco.com