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TOKYO (October 18, 2000) - Kobe Steel, Ltd. has entered into a basic agreement today with Micron Technology, Inc. for Kobe Steel to sell all of the equity interest in its subsidiary, KMT Semiconductor, Ltd., to Micron. As a result, Kobe Steel announces revisions to its non-consolidated interim and full-year financial forecast for fiscal 2000. In the interim period ended September 30, 2000, Kobe Steel estimates a non-consolidated extraordinary loss of 21 billion yen. Aftertax net loss is forecast to widen to 52 billion yen, versus the previous September 8 forecast of net loss of 40 billion yen. For the full year ending in March 2001, Kobe Steel forecasts aftertax net loss of 57 billion yen, versus the previous estimated net loss of 45 billion yen. On a consolidated basis, the forecast is unchanged as the transfer is expected to have only a minimal effect on profits. @
NON-CONSOLIDATED FORECAST FOR FISCAL 2000, ENDING MARCH 2001
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