NEXT


Kobe Steel, Ltd.
Tokyo, Japan
Tokyo Stock Exchange No. 5406
May 24, 1999

KOBE STEEL'S FINANCIAL SUMMARY FOR FISCAL 1998

(unaudited, April 1, 1998 - March 31, 1999)

NON-CONSOLIDATED FINANCIAL SUMMARY

FY1998

FY1997

% change

Net sales

938,455

1,115,256

(15.9%)

Operating income

41,652

80,030

(48.0%)

Ordinary income* (loss)

(9,840)

25,295

----

Net income (loss)

(23,317)

7,415

----

CONSOLIDATED FINANCIAL SUMMARY

FY1998

FY1997

% change

Net sales

1,305,482

1,535,170

(15.0%)

Operating income

50,023

84,370

(40.7%)

Ordinary income* (loss)

(22,688)

12,926

----

Net income (loss)

(38,873)

(4,895)

----

* also known as pretax recurring profit (or loss)
Figures in parentheses denote decreases.
Figures are in millions of yen.

Media contact:

Gary I. Tsuchida
Publicity Group
Tokyo, Japan
tel (03) 5739-6010
fax (03) 5739-5971
e-mail www-admin@kobelco.co.jp
URL www.kobelco.co.jp


NEXT