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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 2023 JPYUSD
Gross Profit321,291M2,370.84M
Operating income86,366M637.30M
Income before tax98,066M723.64M
Net income72,566M535.47M
Diluted EPS183.801.35
Dividends Per Share400.29
Total Assets2,874.75B21,600.05M
Total liabilities1,897.09B14,254.21M
Total equity913,957M6,867.21M
Operating cash flow119,692M883.22M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,971.86B 1,869.83B 1,705.56B 2,082.58B 2,472.50B
Gross Profit 277,679M 242,666M 232,241M 316,081M 321,291M
Operating income 53,976M 9,864M 30,399M 87,623M 86,366M
Income before tax 48,985M -65,565M 18,748M 84,013M 98,066M
Net income 35,941M -68,008M 23,233M 60,083M 72,566M
EBITDA 157,311M 115,370M 131,617M 193,294M 198,871M
Diluted EPS 99.20 -187.55 64.05 160.23 183.80
Dividends Per Share 20 0 10 40 40
Total Assets 2,384.97B 2,411.19B 2,582.87B 2,728.74B 2,874.75B
Total liabilities 1,581.66B 1,694.81B 1,813.49B 1,856.39B 1,897.09B
Total equity 739,576M 656,882M 710,362M 815,327M 913,957M
Operating cash flow 67,136M 27,040M 194,798M 168,809M 119,692M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 17,781.45M 17,197.71M 16,081.53M 18,532.81M 18,244.94M
Gross Profit 2,503.98M 2,231.90M 2,189.76M 2,812.79M 2,370.84M
Operating income 486.73M 90.72M 286.62M 779.75M 637.30M
Income before tax 441.72M -603.03M 176.77M 747.62M 723.64M
Net income 324.10M -625.50M 219.06M 534.67M 535.47M
EBITDA 1,418.56M 1,061.10M 1,240.99M 1,720.11M 1,467.49M
Diluted EPS 0.89 -1.72 0.60 1.42 1.35
Dividends Per Share 0.18 0 0.09 0.35 0.29
Total Assets 21,547.39M 22,335.14M 23,374.41M 22,481.93M 21,600.05M
Total liabilities 14,289.75M 15,699.30M 16,411.70M 15,294.69M 14,254.21M
Total equity 6,681.80M 6,084.77M 6,428.61M 6,717.42M 6,867.21M
Operating cash flow 605.40M 248.69M 1,836.72M 1,502.22M 883.22M

Valuation Measures

Mar 2023
Operating margin3.49%
Profit margin2.93%

Key executives

  • President & Representative Director: Mitsugu Yamaguchi
  • Representative Director & Executive Vice President: Yoshihiko Katsukawa
  • Executive Officer & Technology Management: Shoji Miyazaki
  • Executive Officer & GM-Technology Development: Yuichiro Goto
  • Executive Officer, Head-Compliance & Audit: Keitaro Nakamori


  • Nomura Asset Management Co., Ltd. (3.9%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
  • Dimensional Fund Advisors LP (2.7%)
  • 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 26 May, 2023

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