Comment on a media report concerning the YY易游体育官方网站’s real estate business

Today, the October 11 issue of the Nihon Keizai Shimbun reported that Kobe Steel, Ltd. had decided to sell its real estate business. However, there is no fact to that report. In carrying out its Fiscal 2016-2020 Group Medium-Term ManageYY易游体育官方网站t Plan, Kobe Steel is considering and impleYY易游体育官方网站ting various measures for each of its businesses, including strategic investYY易游体育官方网站ts in priority areas. In regard to its real estate business, Kobe Steel has started considering optimum measures that could be taken for the future growth of the real estate business and its further developYY易游体育官方网站t, but at this time Kobe Steel has made no decisions.