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	JPY	USD
Revenue	2,472.50B	18,244.94M
Gross Profit	321,291M	2,370.84M
Operating income	86,366M	637.30M
Income before tax	98,066M	723.64M
Net income	72,566M	535.47M
EBITDA	198,871M	1,467.49M
Diluted EPS	183.80	1.35
Dividends Per Share	40	0.29
Total Assets	2,874.75B	21,600.05M
Total liabilities	1,897.09B	14,254.21M
Total equity	913,957M	6,867.21M
Operating cash flow	119,692M	883.22M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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
PER	5.72
ROA	2.59%
ROE	8.39%
Operating margin	3.49%
Profit margin	2.93%

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

Shareholders

Nomura Asset Management Co., Ltd. (3.9%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
Dimensional Fund Advisors LP (2.7%)
NIPPON STEEL CORP. (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:http://www.kobelco.co.jp
Address: Shinko Building, 2-2-4 Wakinohama Kaigandori, Kobe, 651-8585, Japan
Phone: +81.78.261.5111

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Competitors

Caterpillar Inc.
Manitowoc Company, Inc.

Last Updated on 26 May, 2023