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	JPY	USD
Revenue	2,082.58B	18,532.81M
Gross Profit	316,081M	2,812.79M
Operating income	87,623M	779.75M
Income before tax	84,013M	747.62M
Net income	60,083M	534.67M
EBITDA	193,294M	1,720.11M
Diluted EPS	160.23	1.42
Dividends Per Share	40	0.35
Total Assets	2,728.74B	22,481.93M
Total liabilities	1,856.39B	15,294.69M
Total equity	815,327M	6,717.42M
Operating cash flow	168,809M	1,502.22M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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
PER	3.68
ROA	2.26%
ROE	7.87%
Operating margin	4.20%
Profit margin	2.88%

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

Shareholders

Nomura Asset Management Co., Ltd. (3.8%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
NIPPON STEEL CORP. (2.7%)
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: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.
Arconic Corp.

Last Updated on 24 Mar, 2023