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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 2021 JPYUSD
Revenue1,705.56B16,081.53M
Gross Profit232,241M2,189.76M
Operating income30,399M286.62M
Income before tax18,748M176.77M
Net income23,233M219.06M
EBITDA131,617M1,240.99M
Diluted EPS64.050.60
Dividends Per Share100.09
Total Assets2,582.87B23,374.41M
Total liabilities1,813.49B16,411.70M
Total equity710,362M6,428.61M
Operating cash flow194,798M1,836.72M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,695.86B 1,881.15B 1,971.86B 1,869.83B 1,705.56B
Gross Profit 225,891M 299,314M 277,679M 242,666M 232,241M
Operating income 9,750M 90,474M 53,976M 9,864M 30,399M
Income before tax -10,961M 73,168M 48,985M -65,565M 18,748M
Net income -23,044M 63,187M 35,941M -68,008M 23,233M
EBITDA 106,031M 192,689M 157,311M 115,370M 131,617M
Diluted EPS -63.54 174.43 99.20 -187.55 64.05
Dividends Per Share 0 30 20 0 10
Total Assets 2,310.43B 2,352.11B 2,384.97B 2,411.19B 2,582.87B
Total liabilities 1,581.02B 1,561.12B 1,581.66B 1,694.81B 1,813.49B
Total equity 673,928M 742,588M 739,576M 656,882M 710,362M
Operating cash flow 141,716M 190,832M 67,136M 27,040M 194,798M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 15,660.75M 16,972.99M 17,781.45M 17,197.71M 16,081.53M
Gross Profit 2,086.03M 2,700.59M 2,503.98M 2,231.90M 2,189.76M
Operating income 90.03M 816.31M 486.73M 90.72M 286.62M
Income before tax -101.22M 660.16M 441.72M -603.03M 176.77M
Net income -212.80M 570.11M 324.10M -625.50M 219.06M
EBITDA 979.16M 1,738.56M 1,418.56M 1,061.10M 1,240.99M
Diluted EPS -0.58 1.57 0.89 -1.72 0.60
Dividends Per Share 0 0.27 0.18 0 0.09
Total Assets 20,734.40M 22,116.72M 21,547.39M 22,335.14M 23,374.41M
Total liabilities 14,188.52M 14,679.13M 14,289.75M 15,699.30M 16,411.70M
Total equity 6,047.99M 6,982.49M 6,681.80M 6,084.77M 6,428.61M
Operating cash flow 1,308.70M 1,721.80M 605.40M 248.69M 1,836.72M

Valuation Measures

Mar 2021
PER11.67
ROA0.93%
ROE3.39%
Operating margin1.78%
Profit margin1.36%

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

Shareholders

  • Nomura Asset Management Co., Ltd. (3.9%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.2%)
  • NIPPON STEEL CORP. (2.7%)
  • Dimensional Fund Advisors LP (2.2%)
  • The Vanguard Group, Inc. (1.9%)
  • Nippon Life Insurance Co. (1.7%)
  • Nikko Asset Management Co., Ltd. (1.5%)
  • Daiwa Asset Management Co. Ltd. (1.4%)
  • BlackRock Fund Advisors (1.2%)
  • Norges Bank Investment Management (1.1%)

Contact Details

  • Website:http://www.kobelco.co.jp
  • Address: Shinko Building, 2-2-4 Wakinohama Kaigandori, Kobe, 651-8585, Japan
  • Phone: +81.78.261.5111

Related Companies

  • Kobe Steel Employee Stock Ownership Plan
  • Fukui Green Power Co., Ltd.
  • Kobelco Machinery System Engineering (Qingdao) Co., Ltd.
  • Kobelco Compressors Importer Philippines, Inc.
  • Kobelco Compressors (Thailand) Ltd.
  • Kobelco Compressors (Vietnam) Ltd.
  • Kobe Welding (Malaysia) Sdn. Bhd.
  • Kobelco Construction Machinery Middle East & Africa FZCO
  • Midrex Technologies Gulf Services FZCO
  • Kobelco Engineering Europe SARL
  • Quintus Technologies Holding AB
  • Kobelco Logistics India Pvt Ltd.
  • Kobe Professional Service, Inc.
  • Kobe Aluminum USA, Inc.
  • Kobe Technologies Proprietary, Inc.
  • Kobelco Financial Consulting (Shanghai) Co., Ltd.
  • Kobelco South East Asia Ltd.
  • Kobelco Compressors India Pvt Ltd.
  • TAC Air Engineering Sdn. Bhd.
  • Kobelco Power Kobe Daini Co., Ltd.
  • Kobelco Power Moka Co., Ltd.
  • Kobelco Power Kobe, Inc.
  • Kobe Steel Ltd. /Flare Protection Business/
  • Kobe Steel Ltd. /Steel Check Dam Business/
  • Kobelco Automotive Aluminum Rolled Products China Co., Ltd.
  • Kobe Steel India
  • Midrex Technologies India Pvt Ltd.
  • Kobelco ROBOTIX Co., Ltd.
  • Shinko Pantec Co., Ltd.
  • Kobelco Millcon Steel Co. Ltd.

Competitors

  • Lincoln Electric Holdings, Inc.
  • Caterpillar Inc.
  • Zoomlion Heavy Industry Science & Technology Co. Ltd. Class H
  • Manitowoc Company, Inc.
  • Arconic Corp.
Last Updated on 3 Dec, 2021

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