Kobe Steel, Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Half Year Ended September 30, 2020
November 05, 2020
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Kobe Steel, Ltd. announced consolidated and non-consolidated earnings results for the half year ended September 30, 2020. For the period, on consolidated basis, the company reported net sales of JPY 776,406 million compared to JPY 944,464 million a year ago. Operating loss was JPY 27,142 million compared to income of JPY 7,443 million a year ago. Net loss attributable to owners of the parent was JPY 15,209 million or JPY 41.93 per share compared to JPY 6,281 million or JPY 17.32 per share a year ago.
For the period, on non-consolidated basis, the company reported net sales of JPY 410,153 million compared to JPY 501,612 million a year ago. Net loss was JPY 15,795 million or JPY 43.47 per share compared to net income of JPY 179 million or JPY 0.49 per share a year ago.
Kobe Steel, Ltd. specializes in manufacturing and marketing of steel and metallurgical products. The group is also developing production of construction and industrial machines activity. Net sales break down by activity as follows:
- sale of steel and aluminum products (42.3%): special steel wires, stainless tubes, rolled steel products, steel strips, aluminum plates and sheets, aluminum alloy products, building materials, etc.;
- manufacturing of construction machines (17.8%): cranes, hydraulic excavators, mini excavators and wheeled loaders;
- sales of advanced materials (15.6%): copper foil for semiconductors, copper tubes for air conditioners, aluminum extrusions, aluminum alloy products, iron powder, etc.;
- manufacturing of industrial machines (7.8%): compressors, high pressure machines, heat pumps, nuclear plants equipments, etc.;
- engineering services (6.4%);
- electric power production (5.3%);
- sale of welding materials and equipments (3.6%);
- other (1.2%): primarily sale of electronic equipments and real estate development.
KOBE STEEL, LTD. 
