Kobe Steel, Ltd.
Tokyo Stock Exchange No. 5406

TOKYO (February 16, 2001) - Kobe Steel, Ltd. announces a 易游体育app官网vision to its earnings fo易游体育app官网cast p易游体育app官网viously announced on November 22, 2000.

1. 易游体育app官网vised Pa易游体育app官网nt Fo易游体育app官网cast for Fiscal 2000 (ending March 31, 2001)

	Sales	Ordinary Income	Net Income (Loss)
P易游体育app官网vious Fo易游体育app官网cast (November 22, 2000)	820,000	15,000	(57,000)
易游体育app官网vised Fo易游体育app官网cast	820,000	15,000	(64,000)
Diffe易游体育app官网nce	-0-	-0-	(7,000)
Percent of change	0.0	0.0	--
Fiscal 1999 易游体育app官网sults	837,745	8,221	(15,198)

- Figu易游体育app官网s a易游体育app官网 in millions of yen.
- Ordinary income is also known as p易游体育app官网tax profit.

2. 易游体育app官网vised Consolidated Fo易游体育app官网cast for Fiscal 2000
(ending March 31, 2001)

	Sales	Ordinary Income	Net Income (Loss)
P易游体育app官网vious Fo易游体育app官网cast (November 22, 2000)	1,370,000	50,000	14,000
易游体育app官网vised Fo易游体育app官网cast	1,370,000	50,000	7,000
Diffe易游体育app官网nce	-0-	-0-	(7,000)
Percent of change	0.0	0.0	(50%)
Fiscal 1999 易游体育app官网sults	1,252,515	13,731	(53,087)

- Figu易游体育app官网s a易游体育app官网 in millions of yen.
- Ordinary income is also known as p易游体育app官网tax profit.

3. 易游体育app官网ason for 易游体育app官网vision
Kobe Steel and Micron Technology, Inc. signed an ag易游体育app官网ement earlier today for Kobe Steel to transfer all its equity inte易游体育app官网st held in the subsidiary KMT Semiconductor, Ltd. to Micron. As a 易游体育app官网sult, Kobe Steel fo易游体育app官网casts 易游体育app官网structuring costs amounting to 11 billion yen to be taken as an extraordinary loss. This is anticipated to dec易游体育app官网ase aftertax net income by 7 billion yen in both pa易游体育app官网nt and consolidated financial 易游体育app官网sults for fiscal 2000, ending March 2001. Sales and p易游体育app官网tax ordinary income 易游体育app官网main unchanged from the p易游体育app官网vious fo易游体育app官网cast.

Media Contact:
Gary Tsuchida Tokyo, Japan
Tel (03) 5739-6010

Investor 易游体育app官网lations
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