KOBELCO 神戸製鋼
 
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Annual Report 2000
Year Ended March 31,2000

Kobe Steel, Ltd., is one of Japan's leading steelmakers, as well as the top supplier of aluminum and copper products. Other businesses include welding consumables, infrastructure and plant engineering, and industrial machinery. The Company also has high-tech businesses in electronics and information systems.

Kobe Steel has numerous consolidated subsidiaries and equity-valued affiliates in Japan, the Americas, Asia, and Europe.

KOBELCO is the corporate mark used by Kobe Steel on a variety of products and in the names of a number of Group companies. Behind the KOBELCO mark is Kobe Steel's commitment to excellence and quality.
Consolidated Financial Highlights
Message from the President
Review of Operations
Iron and Steel Sector
Aluminum and Copper Sector
Machinery Sector
Electronics and Information Sector
Real Estate Sector
Other Businesses Sector
Financial Section
Consolidated Five-Year Summary
Consolidated Financial Review
Consolidated Balance Sheets
Consolidated Statements of Operations
Consolidated Statements of Stockholders' Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
1. Basis of Presenting Consolidated Financial Statements
2. Summary of Accounting Policies
3. Differences between Japanese Accounting Principles
   and International Accounting Standards
4. Leases
5. Market Value Information on Marketable Securities
6. Derivative Transactions
7. Short-Term Borrowings and Long-Term Debt
8. Contingent Liabilities
9. Stockholders' Equity
10. Selling, General and Administrative Expenses
11. Income Taxes
12. The Reconciliation of Cash and Cash Equivalents
    in the Cash Flow Statement and the Balance Sheet
13. Related Party Transactions
14. Segment Information
Report of Independent Certified Public Accountants
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