Kobe Steel ( (KBSTF) ) has released its Q1 earnings. Here is a breakdown of the information Kobe Steel presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kobe Steel, Ltd., a prominent player in the steel and aluminum industry, operates across various sectors including advanced materials, welding, machinery, engineering, construction machinery, and electric power. The company is listed on the Tokyo and Nagoya Stock Exchanges.
In the latest earnings report for the three months ending June 30, 2025, Kobe Steel reported a slight decline in net sales to 569.1 billion yen, a 3.7% decrease year-on-year. Despite this, the company achieved a notable 60.7% increase in profit attributable to owners of the parent, reaching 38.6 billion yen.
Key financial metrics reveal a stable operating profit of 31.3 billion yen, a marginal increase from the previous year. However, ordinary profit saw a significant decline of 17.9%, attributed to increased non-operating expenses. The company’s comprehensive income dropped sharply by 65% due to adverse foreign currency translation adjustments and valuation differences on available-for-sale securities.
Looking forward, Kobe Steel anticipates a challenging fiscal year with projected decreases in net sales and profits. The company has revised its full-year forecast, expecting a 2.9% decrease in net sales and a 30% drop in ordinary profit. Despite these challenges, the management remains focused on strategic initiatives to navigate the volatile market conditions.