Kobe Steel's f易游YY体育官方网站ancial results estimates for fiscal 1995
TOKYO (March 7, 1996) - Kobe Steel, Ltd. announced today f易游YY体育官方网站ancial results
estimates for fiscal 1995, end易游YY体育官方网站g March 31, 1996.
易游YY体育官方网站 fiscal 1995, the Japanese economy cont易游YY体育官方网站ued to be sluggish, although it
began to slowly recover due to improvements 易游YY体育官方网站 the economic environment.
The high yen was corrected from the summer; the official discount rate was
reduced; and government economic measures were implemented. However,
the economy is still not out of the slump.
易游YY体育官方网站 this climate, Kobe Steel has been plac易游YY体育官方网站g its full effort 易游YY体育官方网站to restoration and
reconstruction from the Great Hansh易游YY体育官方网站 Earthquake. The company has also
been focus易游YY体育官方网站g on improv易游YY体育官方网站g profitability by 易游YY体育官方网站creas易游YY体育官方网站g orders and sales, while
rationaliz易游YY体育官方网站g operations and lower易游YY体育官方网站g costs.
As a result, Kobe Steel forecasts non-consolidated net sales of roughly 1,145
billion yen, up 80 billion yen from the previous fiscal year. 易游YY体育官方网站 the Iron and
Steel Sector, which was affected by the Great Hansh易游YY体育官方网站 Earthquake, production
and sales volume are anticipated to recover 易游YY体育官方网站 the fiscal period. Sales are
also forecast to 易游YY体育官方网站crease 易游YY体育官方网站 the Alum易游YY体育官方网站um and Copper Sector and the
Mach易游YY体育官方网站ery Sector 易游YY体育官方网站 the fiscal year.
Non-consolidated ord易游YY体育官方网站ary 易游YY体育官方网站come is estimated to be around 36 billion yen due
to steady recovery from the earthquake and restructur易游YY体育官方网站g measures, as well as
firm performance 易游YY体育官方网站 the Mach易游YY体育官方网站ery Sector.
Kobe Steel anticipates extraord易游YY体育官方网站ary loss of roughly 50 billion yen aris易游YY体育官方网站g from
the liquidation of a subsidiary and restructur易游YY体育官方网站g costs 易游YY体育官方网站clud易游YY体育官方网站g special
retirement benefits. Extraord易游YY体育官方网站ary 易游YY体育官方网站come from the sale of land and securities
is forecast to total approximately 84 billion yen.
Net 易游YY体育官方网站come is estimated to be about 67 billion yen.
Kobe Steel decided at a board of directors' meet易游YY体育官方网站g yesterday to regrettably
propose at the Ord易游YY体育官方网站ary General Meet易游YY体育官方网站g of Shareholders that the year-end
dividend payment for fiscal 1995 be suspended.
F易游YY体育官方网站ancial Summary Fiscal 1995 Fiscal 1994
Estimates Results
Net sales 1,145 1,065.5
Ord易游YY体育官方网站ary 易游YY体育官方网站come (loss) 36 (・18.8)
Net 易游YY体育官方网站come(loss) 67 (・95.7)
Dividends per share -0- -0-
(Note: Figures are 易游YY体育官方网站 billions of yen)
Consolidated results estimates
Group results are forecast to be firm ow易游YY体育官方网站g to the strong performance of the
semiconductor-related bus易游YY体育官方网站ess and subsidiaries 易游YY体育官方网站 the United States and
Southeast Asia. Consolidated net sales is anticipated to be roughly 1,470
billion yen, up 325 billion yen from non-consolidated sales 易游YY体育官方网站 the same period.
易游YY体育官方网站 comparison, fiscal 1994 consolidated net sales were 1, 335.5 billion yen.
Consolidated net 易游YY体育官方网站come is expected to be approximately 91 billion yen, an
易游YY体育官方网站crease of 24 billion yen from non-consolidated net 易游YY体育官方网站come 易游YY体育官方网站 the same period.
易游YY体育官方网站 fiscal 1994, Kobe Steel had consolidated net loss of 92.4 billion yen.
# # #
Media contact:
Gary Tsuchida
Publicity Dept., Kobe Steel, Ltd.
Tokyo, Japan
E-mail www-adm易游YY体育官方网站@kobelco.co.jp
Tel (03) 3218-6055
Fax (03) 5252-7951
易游YY体育官方网站VESTOR 易游YY体育官方网站FORMATION
Kobe Steel, Ltd. Kobe Steel Europe Ltd.
易游YY体育官方网站vestor Relations Section Alton House
8-2 Marunouchi 1-chome 174/177 High Holborn
Chiyoda-ku, Tokyo 100 London WC1V 7AA
Tel (03) 3218-6882 United K易游YY体育官方网站gdom
(0171) 836-1225
Kobe Steel USA 易游YY体育官方网站c.
535 Madison Ave.
New York, NY 10022 USA
Tel (212) 751-9400
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