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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Kobe Steel, Ltd.    5406   JP3289800009

KOBE STEEL, LTD.

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Kobe Steel : joins the IP open access declaration against COVID-19

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05/22/2020 | 12:16am EDT

Kobe Steel, Ltd. announces that it has joined the IP Open Access Declaration Against COVID-19 (the 'Open COVID-19 Declaration')*1) to support measures to contain the novel coronavirus infection.

In the effort to end the COVID-19 pandemic, various companies, universities, and research institutes are currently carrying out the development and production of drugs, vaccines, medical equipment, infection control products and the like. The Open COVID-19 Declaration collaboration aims to encourage the activities of those working to stop the spread of the disease by eliminating the time spent on investigations on intellectual property rights, licensing negotiations, and other IP-related matters.

Acknowledging the intent of the Open COVID-19 Declaration, Kobe Steel declares that it will neither assert any patent, utility model, design right or copyright, nor seek any compensation with respect to activities implemented solely for the purpose of stopping the spread of COVID-19, which includes diagnosis, prevention, containment, and treatment of the disease, until the date on which the World Health Organization (WHO) declares the end of the novel coronavirus pandemic.

Disclaimer

Kobelco - Kobe Steel Ltd. published this content on 22 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2020 04:06:02 UTC

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Financials
Sales 2020 1 893 B 17 271 M 17 271 M
Net income 2020 -20 674 M -189 M -189 M
Net Debt 2020 714 B 6 511 M 6 511 M
P/E ratio 2020 -7,59x
Yield 2020 -
Capitalization 157 B 1 431 M 1 433 M
EV / Sales 2019
EV / Sales 2020 0,46x
Nbr of Employees 39 341
Free-Float 88,5%
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Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 375,71 JPY
Last Close Price 433,00 JPY
Spread / Highest target 8,55%
Spread / Average Target -13,2%
Spread / Lowest Target -33,0%
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Managers
NameTitle
Yoshinori Onoe Director
Takao Ohama Director
Shohei Manabe Director
Takao Kitabata Independent Outside Director
Mitsugu Yamaguchi President & Representative Director
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