KOBE STEEL’S デュエルビッツ カジノINANCIAL RESULTS FOR FISCAL 1998
(unaudited, April 1, 1998 - March 31, 1999)
Kobe Steel, Ltd.’s consolidated net sales for fiscal 1998 were 1,305,482 million yen, down 15% from 1,535,170 million yen in the previous period. Sales volume and prices decreased in the steel, aluminum and copper segments. Machinery Sector sales, primarily デュエルビッツ カジノnstruction equipment, dropped sharply.
Ordinary loss (also known as pretax recurring loss) was 22,688 million yen, デュエルビッツ カジノmparison to ordinary income of 12,926 billion yen in fiscal 1997. Smaller losses in the semiconductor business, as well as profit gains デュエルビッツ カジノnstruction machinery operations in the United States and aluminum and copper subsidiaries in Southeast Asia were offset by overall profit decreases in other group companies.
Special retirement benefits, write down on investment in subsidiaries and other expenses led to extraordinary net losses of 37.8 billion yen. With tax effect accounting, after-tax net loss was 38.8 billion yen.
1.1 SUMMARY OF FISCAL 1998 デュエルビッツ カジノINANCIAL RESULTS
|
FY1998 |
FY1997 |
% change FY98/97 |
% change FY97/96 |
|
|
Net sales |
1,305,482 |
1,535,170 |
(15.0%) |
0.1% |
|
Operating income |
50,023 |
84,370 |
(40.7%) |
(13.5%) |
|
Ordinary income* (loss) |
(22,688) |
12,926 |
---- |
(38.4%) |
|
デュエルビッツ カジノncome (loss) |
(38,873) |
(4,895) |
---- |
---- |
|
デュエルビッツ カジノncome per share |
(13.71 yen) |
(1.73 yen) |
||
|
Fully diluted earnings per share |
-- |
-- |
||
|
Return on average equity |
(11.2%) |
(1.3%) |
||
|
Ordinary income/total liabilities & stockholders’ equity |
(1.0%) |
0.5% |
||
|
Ordinary income/net sales |
(1.7%) |
0.8% |
|
1.2 FINANCIAL POSITION |
FY1998 |
FY1997 |
|
Total assets |
2,270,278 |
2,398,134 |
|
Total stockholders’ equity |
327,055 |
365,301 |
|
Stockholders’ equity/total assets |
14.4% |
15.2% |
|
Stockholders equity per share |
115.35 yen |
128.83 yen |
1.3 SCOPE OF CONSOLIDATION
Number of non-consolidated subsidiaries: 53 (none of which are equity-valued)
2. デュエルビッツ カジノORECAST FOR FISCAL 1999 (ending March 2000)
Consolidation is based on 115 significant, majority-owned subsidiaries and 56 significant affiliates (of which 48 are equity valued).
New consolidated subsidiaries 7
Consolidated subsidiaries excluded 2
New equity-valued affiliates 3
Equity-value affiliates excluded 4
Estimated net sales 1,350,000
Estimated ordinary income* 15,000
Estimated デュエルビッツ カジノncome (loss) (6,000)
Estimated デュエルビッツ カジノncome per share (2.12 yen)
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