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Non-Energy Minerals

Kobe Steel, Ltd.

Business Summary

Kobe Steel, Ltd. engages in the manufacture, production, and sale of iron and steel. It operates through the following segments: Iron and Steel, Welding, Aluminum and Copper, Machinery, Engineering, Construction Machinery, Power, and Other Businesses. The Iron and Steel Business segment includes steel wire rods and bars, steel sheets, steel billets, steel castings and forgings, titanium and titanium alloys, foundry pig iron, slag products, stainless steel tube, construction materials, and other specialty steel products. The Welding Business segment provides welding materials, welding systems, high functional materials and related services. The Aluminum and Copper Business segment covers aluminum sheets and plates, aluminum extrusions and fabricated products, aluminum castings and forgings, copper sheets and strips and copper tubes. The Machinery Business segment provides tire and rubber machinery, plastic processing machinery, advanced technology equipment, metalworking machinery, nonstandard compressors, standard compressors, chemical and energy equipment, nuclear power equipment and related services. The Engineering Business segment includes ironmaking processes, iron ore-pelletizing system, nuclear power products, chemical weapons destruction services, steel structures and sabo, urban transit systems and upgrading of low-rank coal. The Construction Machinery Business segment covers construction equipment, construction recycling machinery, metal recycling machinery, resource recycling machinery and forestry machinery. The Other Businesses segment provides real estate development, construction, sales, brokering and remodeling, material analysis and testing, structural assessment, manufacture and sale of sputtering targets. The company was founded on September 1, 1905 and is headquartered in Kobe, Japan.

Financial Highlights

Mar 2022 JPYUSD
Gross Profit316,081M2,812.79M
Operating income87,623M779.75M
Income before tax84,013M747.62M
Net income60,083M534.67M
Diluted EPS160.231.42
Dividends Per Share400.35
Total Assets2,728.74B22,481.93M
Total liabilities1,856.39B15,294.69M
Total equity815,327M6,717.42M
Operating cash flow168,809M1,502.22M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,881.15B 1,971.86B 1,869.83B 1,705.56B 2,082.58B
Gross Profit 299,314M 277,679M 242,666M 232,241M 316,081M
Operating income 90,474M 53,976M 9,864M 30,399M 87,623M
Income before tax 73,168M 48,985M -65,565M 18,748M 84,013M
Net income 63,187M 35,941M -68,008M 23,233M 60,083M
EBITDA 192,689M 157,311M 115,370M 131,617M 193,294M
Diluted EPS 174.43 99.20 -187.55 64.05 160.23
Dividends Per Share 30 20 0 10 40
Total Assets 2,352.11B 2,384.97B 2,411.19B 2,582.87B 2,728.74B
Total liabilities 1,561.12B 1,581.66B 1,694.81B 1,813.49B 1,856.39B
Total equity 742,588M 739,576M 656,882M 710,362M 815,327M
Operating cash flow 190,832M 67,136M 27,040M 194,798M 168,809M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 16,972.99M 17,781.45M 17,197.71M 16,081.53M 18,532.81M
Gross Profit 2,700.59M 2,503.98M 2,231.90M 2,189.76M 2,812.79M
Operating income 816.31M 486.73M 90.72M 286.62M 779.75M
Income before tax 660.16M 441.72M -603.03M 176.77M 747.62M
Net income 570.11M 324.10M -625.50M 219.06M 534.67M
EBITDA 1,738.56M 1,418.56M 1,061.10M 1,240.99M 1,720.11M
Diluted EPS 1.57 0.89 -1.72 0.60 1.42
Dividends Per Share 0.27 0.18 0 0.09 0.35
Total Assets 22,116.72M 21,547.39M 22,335.14M 23,374.41M 22,481.93M
Total liabilities 14,679.13M 14,289.75M 15,699.30M 16,411.70M 15,294.69M
Total equity 6,982.49M 6,681.80M 6,084.77M 6,428.61M 6,717.42M
Operating cash flow 1,721.80M 605.40M 248.69M 1,836.72M 1,502.22M

Valuation Measures

Mar 2022
Operating margin4.20%
Profit margin2.88%

Key executives

  • President & Representative Director: Mitsugu Yamaguchi
  • Director, Head-Planning, Finance & Accounting: Yoshihiko Katsukawa
  • Representative Director, EVP & Head-IT Planning: Koichiro Shibata
  • Executive Officer & Technology Management: Shoji Miyazaki
  • Executive Officer & GM-Technology Development: Yuichiro Goto


  • Nomura Asset Management Co., Ltd. (3.8%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
  • Dimensional Fund Advisors LP (2.6%)
  • The Vanguard Group, Inc. (2.1%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Daiwa Asset Management Co. Ltd. (1.5%)
  • Nippon Life Insurance Co. (1.3%)
  • Kobe Steel Employee Stock Ownership Plan (1.1%)
  • Saudi Arabian Monetary Agency (Investment Management) (1.1%)

Contact Details

  • Website:
  • Address: Shinko Building, 2-2-4 Wakinohama Kaigandori, Kobe, 651-8585, Japan
  • Phone: +

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Last Updated on 24 Mar, 2023

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