Kobe Steel, Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2021
November 04, 2020
Share
Kobe Steel, Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2021. For the year, on consolidated basis, the company expects net sales of JPY 1,650,000 million compared to previous forecast of JPY 1,640,000 million a year ago, operating loss of JPY 15,000 million compared to previous forecast of JPY 35,000 million a year ago and net loss attributable to owners of the parent of JPY 15,000 million or JPY 41.35 per share compared to previous forecast of JPY 35,000 million or JPY 96.49 per share a year ago.
For the period, on non-consolidated basis, the company expects net sales of JPY 900,000 million compared to previous forecast of JPY 880,000 million a year ago, and net loss of JPY 15,000 million or JPY 41.28 per share compared to previous forecast of JPY 30,000 million or JPY 82.56 per share a year ago.
Kobe Steel, Ltd. specializes in manufacturing and marketing of steel and metallurgical products. The group is also developing production of construction and industrial machines activity. Net sales break down by activity as follows:
- sale of steel and aluminum products (42.3%): special steel wires, stainless tubes, rolled steel products, steel strips, aluminum plates and sheets, aluminum alloy products, building materials, etc.;
- manufacturing of construction machines (17.8%): cranes, hydraulic excavators, mini excavators and wheeled loaders;
- sales of advanced materials (15.6%): copper foil for semiconductors, copper tubes for air conditioners, aluminum extrusions, aluminum alloy products, iron powder, etc.;
- manufacturing of industrial machines (7.8%): compressors, high pressure machines, heat pumps, nuclear plants equipments, etc.;
- engineering services (6.4%);
- electric power production (5.3%);
- sale of welding materials and equipments (3.6%);
- other (1.2%): primarily sale of electronic equipments and real estate development.