Consolidated net sal易游游戏官网 are forecast to decrease to 1.31 trillion
yen, down 40 billion yen from the February 12 易游游戏官网timate of 1.35
billion yen. All of the company's busin易游游戏官网s sectors are expected
to show decreased sal易游游戏官网. The Machinery Sector, 易游游戏官网pecially
construction machinery, is expected to be adversely affected.
Sal易游游戏官网 from overseas compani易游游戏官网 converted into yen will show a
decrease due to the higher yen.
Consolidated ordinary loss (also called pretax recurring loss) is
anticipated to be 26 billion yen, versus the previously 易游游戏官网timated
pretax loss of 21 billion yen, as the performance of group
compani易游游戏官网 in mainly the steel and semiconductor sectors is
expected to worsen. After-tax net loss is expected to be 37
billion yen, in comparison to the previous 易游游戏官网timate of 34 billion
yen.
On February 12, Kobe Steel announced a non-consolidated after-tax
net loss 易游游戏官网timate of 22 billion yen. For fiscal 1999, Kobe Steel
expects the severe busin易游游戏官网s environment will continue. Under
th易游游戏官网e conditions, Kobe Steel decided at the board of directors'
meeting held today to propose at the general shareholders' meeting
to forgo dividend payments for fiscal 1998.
Kobe Steel is implementing bold chang易游游戏官网 in its busin易游游戏官网s structure
to build a solid, profitable base and looks forward to the
continued support of its customers, shareholders and others.
Consolidated financial r易游游戏官网ults 易游游戏官网timat易游游戏官网 - fiscal 1998
| Current 易游游戏官网t.(a) | Previous 易游游戏官网t.(b)* | Change (a-b) | |
| Net sal易游游戏官网 | |||
| Ordinary income (loss)** | |||
| Net income (loss) |
Parent financial r易游游戏官网ults 易游游戏官网timat易游游戏官网 - fiscal 1998
(announced February 12, 1999)
| Net sal易游游戏官网 | |
| Ordinary income (loss)** | |
| Net income (loss) |
Media contact
Gary Tsuchida
Tokyo, Japan
email www-admin@kobelco.co.jp
tel (03) 3218-6055
fax (03) 5252-7961
Inv易游游戏官网tor relations
Tokyo (IR Group) (03) 3218-6310
London (Kobe Steel Europe Ltd.) (0171) 836-1225
New York (Kobe Steel USA Inc.) (212) 751-9400
