Kobe Steel's unrealized gains and losses
on listed equity securities for first-half 1998
TOKYO (October 30, 1998) -- Kobe Steel, Ltd.(5406)reports unrealized loss of 14,394 million yen on listed equity securities for the half-year period ended September 30, 1998 (first-half fiscal 1998). The Company recorded unrealized gain of 1,114 million yen, derived from subtracting the 14,394 million yen loss from total unrealized gain of 15,508 million yen on listed equity securities.
The unrealized loss is the difference between the book value of 35,029 million yen, calculated at moving average cost, and the market value of 20,635 million yen. Listed equity securities are securities in which Kobe Steel's ownership equals or exceeds 25%, excluding securities of subsidiaries.
A. Unrealized loss on listed equity securities in first half fiscal 1998 14,394 million yen B. Total assets in fiscal 1997 (A/B x 100) 1,828,623 million yen (0.8%) C. Ordinary income in fiscal 1997 (A/C x 100) 25,295 million yen (56.9%) D. Net income in fiscal 1997 (A/D x 100) 7,415 million yen (194.1%) E. Total unrealized gain on listed equity securities in first-half fiscal 1998 15,508 million yen F. Unrealized gain excluding unrealized loss (E-A) 1,114 million yen Notes
-- Fiscal 1997 is for the year ended March 31, 1998. First-half fiscal 1998 is for the half-year period ended September 30, 1998.
--Ordinary income is also known as pretax recurring profit.
--Figures of less than 1 million have been omitted.# # # Media contact:
Gary Tsuchida
Tokyo, Japan
tel (03) 3218 6055
fax (03) 5252 7961
e-mail: www-admin@kobelco.co.jpInvestor Relations
Tokyo (IR Group) (03) 3218 6310
London (Kobe Steel Europe Ltd.) (0171) 836 1225
New York (Kobe Steel USA Inc.) (212) 751 9400
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