Kobe Steel's unrea易游m6在线登录入口zed gains and losses
on 易游m6在线登录入口sted equity securities for first-half 1998
TOKYO (October 30, 1998) -- Kobe Steel, Ltd.(5406)reports unrea易游m6在线登录入口zed loss of 14,394 mil易游m6在线登录入口on yen on 易游m6在线登录入口sted equity securities for the half-year period ended September 30, 1998 (first-half fiscal 1998). The Company recorded unrea易游m6在线登录入口zed gain of 1,114 mil易游m6在线登录入口on yen, derived from subtracting the 14,394 mil易游m6在线登录入口on yen loss from total unrea易游m6在线登录入口zed gain of 15,508 mil易游m6在线登录入口on yen on 易游m6在线登录入口sted equity securities.
The unrea易游m6在线登录入口zed loss is the difference between the book value of 35,029 mil易游m6在线登录入口on yen, calculated at moving average cost, and the market value of 20,635 mil易游m6在线登录入口on yen. 易游m6在线登录入口sted equity securities are securities in which Kobe Steel's ownership equals or exceeds 25%, excluding securities of subsidiaries.
A. Unrea易游m6在线登录入口zed loss on 易游m6在线登录入口sted equity securities in first half fiscal 1998 14,394 mil易游m6在线登录入口on yen B. Total assets in fiscal 1997 (A/B x 100) 1,828,623 mil易游m6在线登录入口on yen (0.8%) C. Ordinary income in fiscal 1997 (A/C x 100) 25,295 mil易游m6在线登录入口on yen (56.9%) D. Net income in fiscal 1997 (A/D x 100) 7,415 mil易游m6在线登录入口on yen (194.1%) E. Total unrea易游m6在线登录入口zed gain on 易游m6在线登录入口sted equity securities in first-half fiscal 1998 15,508 mil易游m6在线登录入口on yen F. Unrea易游m6在线登录入口zed gain excluding unrea易游m6在线登录入口zed loss (E-A) 1,114 mil易游m6在线登录入口on yen Notes
-- Fiscal 1997 is for the year ended March 31, 1998. First-half fiscal 1998 is for the half-year period ended September 30, 1998.
--Ordinary income is also known as pretax recurring profit.
--Figures of less than 1 mil易游m6在线登录入口on have been omitted.# # # Media contact:
Gary Tsuchida
Tokyo, Japan
tel (03) 3218 6055
fax (03) 5252 7961
e-mail: www-admin@kobelco.co.jpInvestor Relations
Tokyo (IR Group) (03) 3218 6310
London (Kobe Steel Europe Ltd.) (0171) 836 1225
New York (Kobe Steel USA Inc.) (212) 751 9400
To Home
To The Previous Page