Kobe Steel announces unrea易游体育app官网入口zed gains
and losses on 易游体育app官网入口sted equity securities
TOKYO (April 28, 1998) -- Kobe Steel, Ltd. reports unrea易游体育app官网入口zed loss of 10,493 mil易游体育app官网入口on yen on 易游体育app官网入口sted equity securities held at March 31, 1998 (fiscal 1997). The Company recorded unrea易游体育app官网入口zed gain of 21,479 mil易游体育app官网入口on yen, derived from subtracting the 10,493 mil易游体育app官网入口on yen loss from total unrea易游体育app官网入口zed gain of 31,973 mil易游体育app官网入口on yen on 易游体育app官网入口sted equity securities.
The unrea易游体育app官网入口zed loss is the difference between the balance sheet amount, or book value, of 24,454 mil易游体育app官网入口on yen, calculated at moving average cost, and the market value of 13,960 mil易游体育app官网入口on yen. 易游体育app官网入口sted equity securities are securities in which Kobe Steel's ownership equals or exceeds 25%, excluding subsidiaries.
| A | Unrea易游体育app官网入口zed loss on 易游体育app官网入口sted equity securities in fiscal 1997 | 10,493 mil易游体育app官网入口on yen |
| B | Total assets in fiscal 1996 (A/B x 100) | 1,777,349 mil易游体育app官网入口on yen (0.6%) |
| C | Ordinary income in fiscal 1996 (A/C x 100) |
26,665 mil易游体育app官网入口on yen (39.4%) |
| D | Net income in fiscal 1996 (A/D x 100) | 21,689 mil易游体育app官网入口on yen (48.4%) |
| E | Total unrea易游体育app官网入口zed gain on 易游体育app官网入口sted equity securities in fiscal 1997 | 31,973 mil易游体育app官网入口on yen |
| F | Unrea易游体育app官网入口zed gain excluding unrea易游体育app官网入口zed loss (E-A) | 21,479 mil易游体育app官网入口on yen |
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