Kobe Steel（5406）株式概要株式会社神戸製鋼所は、世界中で素材、機械、電力事業に従事している。 詳細5406 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長1/6過去の実績2/6財務の健全性5/6配当金5/6報酬当社が推定した公正価値より3.8%で取引されている 収益は年間2.48%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析不安定な配当実績 多額の負債を抱えている すべてのリスクチェックを見る5406 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW478,154 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA478,154 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥1.98k47.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-68b3t2016201920222025202620282031Revenue JP¥2.6tEarnings JP¥101.5bAdvancedSet Fair ValueView all narrativesKobe Steel, Ltd. 競合他社Yamato KogyoSymbol: TSE:5444Market cap: JP¥766.0bJFE HoldingsSymbol: TSE:5411Market cap: JP¥1.1tDaido SteelSymbol: TSE:5471Market cap: JP¥474.8bMaruichi Steel TubeSymbol: TSE:5463Market cap: JP¥397.6b価格と性能株価の高値、安値、推移の概要Kobe Steel過去の株価現在の株価JP¥1,983.0052週高値JP¥2,379.5052週安値JP¥1,631.50ベータ0.571ヶ月の変化4.84%3ヶ月変化6.99%1年変化16.72%3年間の変化31.15%5年間の変化171.64%IPOからの変化-53.34%最新ニュースお知らせ • Jul 07Kobe Steel, Ltd. to Report Q1, 2027 Results on Aug 05, 2026Kobe Steel, Ltd. announced that they will report Q1, 2027 results on Aug 05, 2026Reported Earnings • May 12Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥238 (down from JP¥305 in FY 2025). Revenue: JP¥2.44t (down 4.6% from FY 2025). Net income: JP¥93.7b (down 22% from FY 2025). Profit margin: 3.8% (down from 4.7% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 11+ 1 more updateKobe Steel, Ltd., Annual General Meeting, Jun 23, 2026Kobe Steel, Ltd., Annual General Meeting, Jun 23, 2026.お知らせ • May 09Kobe Steel, Ltd. to Report Fiscal Year 2026 Results on May 11, 2026Kobe Steel, Ltd. announced that they will report fiscal year 2026 results at 1:00 PM, Tokyo Standard Time on May 11, 2026New Risk • Apr 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).最新情報をもっと見るRecent updatesお知らせ • Jul 07Kobe Steel, Ltd. to Report Q1, 2027 Results on Aug 05, 2026Kobe Steel, Ltd. announced that they will report Q1, 2027 results on Aug 05, 2026Reported Earnings • May 12Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥238 (down from JP¥305 in FY 2025). Revenue: JP¥2.44t (down 4.6% from FY 2025). Net income: JP¥93.7b (down 22% from FY 2025). Profit margin: 3.8% (down from 4.7% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 11+ 1 more updateKobe Steel, Ltd., Annual General Meeting, Jun 23, 2026Kobe Steel, Ltd., Annual General Meeting, Jun 23, 2026.お知らせ • May 09Kobe Steel, Ltd. to Report Fiscal Year 2026 Results on May 11, 2026Kobe Steel, Ltd. announced that they will report fiscal year 2026 results at 1:00 PM, Tokyo Standard Time on May 11, 2026New Risk • Apr 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).Buy Or Sell Opportunity • Feb 24Now 22% undervaluedOver the last 90 days, the stock has risen 15% to JP¥2,226. The fair value is estimated to be JP¥2,837, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period.Reported Earnings • Feb 07Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥54.61 (down from JP¥117 in 3Q 2025). Revenue: JP¥596.6b (down 6.1% from 3Q 2025). Net income: JP¥21.5b (down 54% from 3Q 2025). Profit margin: 3.6% (down from 7.3% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Feb 05Now 20% undervaluedOver the last 90 days, the stock has risen 26% to JP¥2,303. The fair value is estimated to be JP¥2,882, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are forecast to decline by 4.5% per annum over the same time period.お知らせ • Feb 02Kobe Steel, Ltd. (TSE:5406) completed the acquisition of remaining 48.31% stake in Nippon Koshuha Steel Co.,Ltd. (TSE:5476) from a group of shareholders.Kobe Steel, Ltd. (TSE:5406) agreed to acquire remaining 48.31% stake in Nippon Koshuha Steel Co.,Ltd. (TSE:5476) from a group of shareholders for ¥3 billion on May 12, 2025. As part of the consideration Kobe Steel, Ltd. will allot and deliver 0.26 shares of its stock for each share of Nippon Koshuha Steel Co.,Ltd. The consideration is subject to change upon mutual discussion. Upon completion, Kobe Steel, Ltd. will own 100% stake in Nippon Koshuha Steel Co.,Ltd. The transaction is subject to approval by regulatory board / committee, approval of offer by target board, approval of offer by target shareholders and consummation of due diligence investigation. The Board of Directors of Nippon Koshuha Steel Co.,Ltd. formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 2, 2026. Nomura Securities Co., Ltd. acted as financial advisor for Kobe Steel, Ltd. Nishimura & Asahi acted as legal advisor for Kobe Steel, Ltd. YAMADA Business Consulting Co.,Ltd. acted as financial advisor for Nippon Koshuha Steel Co.,Ltd. Anderson Mori & Tomotsune acted as legal advisor for Nippon Koshuha Steel Co.,Ltd. Stand by C Co., Ltd. acted as financial advisor for Nippon Koshuha Steel Co.,Ltd. Nomura Securities Co., Ltd. acted as fairness opinion provider for Kobe Steel, Ltd. YAMADA Business Consulting Co.,Ltd. acted as fairness opinion provider for Nippon Koshuha Steel Co.,Ltd. Kobe Steel, Ltd. (TSE:5406) completed the acquisition of remaining 48.31% stake in Nippon Koshuha Steel Co.,Ltd. (TSE:5476) from a group of shareholders on February 2, 2026. Kobe Steel has transferred all its common shares in Nippon Koshuha Steel to Daido Steel Co., Ltd.分析記事 • Jan 24Kobe Steel, Ltd.'s (TSE:5406) Prospects Need A Boost To Lift SharesWith a price-to-earnings (or "P/E") ratio of 7.2x Kobe Steel, Ltd. ( TSE:5406 ) may be sending very bullish signals at...Buy Or Sell Opportunity • Jan 19Now 21% undervaluedOver the last 90 days, the stock has risen 30% to JP¥2,276. The fair value is estimated to be JP¥2,864, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 4.5% per annum over the same time period.お知らせ • Jan 06Kobe Steel, Ltd. to Report Q3, 2026 Results on Feb 06, 2026Kobe Steel, Ltd. announced that they will report Q3, 2026 results at 12:00 PM, Tokyo Standard Time on Feb 06, 2026分析記事 • Jan 02Does Kobe Steel (TSE:5406) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Dec 12Are Investors Undervaluing Kobe Steel, Ltd. (TSE:5406) By 29%?Key Insights The projected fair value for Kobe Steel is JP¥2,878 based on 2 Stage Free Cash Flow to Equity Kobe Steel...Declared Dividend • Dec 02First half dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range.New Risk • Nov 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • Oct 16Investors Aren't Buying Kobe Steel, Ltd.'s (TSE:5406) EarningsWith a price-to-earnings (or "P/E") ratio of 5.1x Kobe Steel, Ltd. ( TSE:5406 ) may be sending very bullish signals at...お知らせ • Oct 09Kobe Steel, Ltd. to Report Q2, 2026 Results on Nov 10, 2025Kobe Steel, Ltd. announced that they will report Q2, 2026 results at 12:00 PM, Tokyo Standard Time on Nov 10, 2025Upcoming Dividend • Sep 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 29% and the cash payout ratio is 90%. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%).分析記事 • Sep 02Is Kobe Steel (TSE:5406) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Reported Earnings • Aug 08First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥98.03 (up from JP¥60.91 in 1Q 2025). Revenue: JP¥569.1b (down 3.7% from 1Q 2025). Net income: JP¥38.6b (up 61% from 1Q 2025). Profit margin: 6.8% (up from 4.1% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) exceeded analyst estimates by 34%. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Aug 06There's Been No Shortage Of Growth Recently For Kobe Steel's (TSE:5406) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Declared Dividend • Jul 09Final dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (89.9% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.2% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jul 03Kobe Steel, Ltd. to Report Q1, 2026 Results on Aug 07, 2025Kobe Steel, Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Jun 21Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥305 (up from JP¥277 in FY 2024). Revenue: JP¥2.56t (flat on FY 2024). Net income: JP¥120.2b (up 9.7% from FY 2024). Profit margin: 4.7% (up from 4.3% in FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 13Kobe Steel, Ltd. (TSE:5406) announces an Equity Buyback for 1,900,000 shares, representing 0.48% for ¥3,900 million.Kobe Steel, Ltd. (TSE:5406) announces a share repurchase program. Under the program, the company will repurchase up to 1,900,000 shares, representing 0.48% of its issued share capital, for ¥3,900 million. The purpose of the buyback is to issue shares to shareholders of Nippon Koshuha Steel Co., Ltd. when it becomes a wholly owned subsidiary through a share exchange. The program will expire on June 9, 2025. As of March 31, 2025, the company had 396,064,263 shares in issue (excluding treasury stock) and 281,700 shares in treasury.Reported Earnings • May 13Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥305 (up from JP¥277 in FY 2024). Revenue: JP¥2.56t (flat on FY 2024). Net income: JP¥120.2b (up 9.7% from FY 2024). Profit margin: 4.7% (up from 4.3% in FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 12+ 4 more updatesKobe Steel, Ltd., Annual General Meeting, Jun 19, 2025Kobe Steel, Ltd., Annual General Meeting, Jun 19, 2025.お知らせ • Apr 25Court Dismisses the Appeal Against Kobe Steel and Kobelco Power Kobe No. 2, IncKobe Steel, Ltd. announced that the Osaka High Court handed down a judgement dismissing the appeal by the appellants against the Kobe District Court's judgement that dismissed the plaintiffs' claims raised against the Company and its wholly owned subsidiary Kobelco Power Kobe No. 2 Inc. on March 20, 2023, as announced in the press release "Legal appeal filed against Kobe Steel and a Group company" as of June 29, 2023. The Companies undertook environmental impact assessment procedures for the plan to build the Kobe Power Plant's No. 3 and No. 4 units (hereinafter, the new power plant), which are currently in operation at 2, Nadahama Higashicho, Nada-ku, Kobe, Hyogo Prefecture (the procedures completed on June 25, 2018, with the end of the public inspection period for the environmental impact assessment report), as well as made efforts to provide information and explanations in order to gain the understanding of the parties involved, including the residents of the immediate area. Despite such efforts, a lawsuit demanding injunctions on the construction of the new power plant was filed from those who claimed that by living in the vicinity of the new power plant site, they could suffer from the operation. The lawsuit was dismissed by the Kobe District Court as the court of first instance, but the appellants were dissatisfied with the judgement of the first instance and thereby filed the appeal. 34 people who claim to be living in the vicinity of the new power plant. The appellants sought a judgment to rescind the judgment of the first instance and to order the Companies and one other company to stop the operation of the new plant. This judgement has no impact on the Companies' business performance. If the appellants appeal to the Supreme Court, we will continue to respond appropriately.Buy Or Sell Opportunity • Apr 07Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.8% to JP¥1,488. The fair value is estimated to be JP¥1,954, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are forecast to decline by 3.0% per annum over the same time period.お知らせ • Apr 01Kobe Steel, Ltd. to Report Fiscal Year 2025 Results on May 12, 2025Kobe Steel, Ltd. announced that they will report fiscal year 2025 results on May 12, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (4.1%).New Risk • Feb 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Feb 08Kobe Steel, Ltd. Provides Consolidated Earning Guidance for the Full Year Ending March 31, 2025Kobe Steel, Ltd. provided Consolidated earning guidance for the full year ending March 31, 2025. For the year company expects net sales to be JPY 2,580,000 million; Operating profit JPY 150,00 million; Profit attributable to owners of parent JPY 130,000 million; and Basic earnings per share JPY 329.52.お知らせ • Feb 07Kobe Steel, Ltd. Revises Dividend Guidance for the Fiscal Year Ending March 31, 2025Kobe Steel, Ltd. revised dividend guidance for the fiscal year ending March 31, 2025. For the quarter, the company now expects to pay a dividend of JPY 55.00 per share against previous guidance of JPY 45.00 per share. Reason for revision: Kobe Steel considers the return of profits to shareholders to be one of its top management priorities and strives to enhance the corporate value of the entire Group by promoting business development from a medium- to long-term perspective. The Company determines dividends taking its financial condition, business performance, future capital needs and other factors into overall consideration with the aim of paying dividends on a continuous and steady basis in principle. The target dividend payout ratio is set at approximately 30% of profit attributable to owners of parent. In accordance with this policy, the Company has decided to revise its dividend forecast to increase the year-end dividend to JPY 55 per share (annual dividend: JPY 100), a JPY 10 increase from the previous forecast, based on the profit attributable to owners of parent projected for fiscal 2024.Price Target Changed • Jan 31Price target decreased by 7.8% to JP¥1,840Down from JP¥1,996, the current price target is an average from 7 analysts. New target price is 11% above last closing price of JP¥1,660. Stock is down 19% over the past year. The company is forecast to post earnings per share of JP¥285 for next year compared to JP¥277 last year.お知らせ • Jan 14Kobe Steel, Ltd. to Report Q3, 2025 Results on Feb 07, 2025Kobe Steel, Ltd. announced that they will report Q3, 2025 results at 1:00 PM, Tokyo Standard Time on Feb 07, 2025Price Target Changed • Jan 09Price target decreased by 10% to JP¥1,920Down from JP¥2,142, the current price target is an average from 5 analysts. New target price is 24% above last closing price of JP¥1,553. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥284 for next year compared to JP¥277 last year.Price Target Changed • Dec 09Price target decreased by 8.5% to JP¥1,996Down from JP¥2,182, the current price target is an average from 5 analysts. New target price is 32% above last closing price of JP¥1,517. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of JP¥288 for next year compared to JP¥277 last year.Declared Dividend • Dec 03First half dividend of JP¥45.00 announcedDividend of JP¥45.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 2nd June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 26JEOL Ltd. (TSE:6951) agreed to acquire an additional majority stake in Japan Superconductor Technology, Inc. from Kobe Steel, Ltd. (TSE:5406).JEOL Ltd. (TSE:6951) agreed to acquire an additional majority stake in Japan Superconductor Technology, Inc. from Kobe Steel, Ltd. (TSE:5406) on November 22, 2024. Post the closing of the transaction, Kobe Steel will not hold any stake in Japan Superconductor Technology. For the period ending March 31, 2024, Japan Superconductor Technology, Inc. reported total revenue of ¥4.14 billion. The expected completion of the transaction is January 6, 2025.New Risk • Nov 14New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.4% net profit margin).Reported Earnings • Nov 09First half 2025 earnings: EPS exceeds analyst expectationsFirst half 2025 results: EPS: JP¥143 (down from JP¥203 in 1H 2024). Revenue: JP¥1.25t (flat on 1H 2024). Net income: JP¥56.6b (down 30% from 1H 2024). Profit margin: 4.5% (down from 6.4% in 1H 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Nov 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).お知らせ • Oct 07Kobe Steel, Ltd. to Report Q2, 2025 Results on Nov 07, 2024Kobe Steel, Ltd. announced that they will report Q2, 2025 results at 3:30 PM, Tokyo Standard Time on Nov 07, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (4.3%).New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,477, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Japan. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,280 per share.Buy Or Sell Opportunity • Aug 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.6% to JP¥1,721. The fair value is estimated to be JP¥2,273, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are forecast to decline by 0.02% per annum over the same time period.New Risk • Jul 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jul 13Kobe Steel, Ltd. to Report Q1, 2025 Results on Aug 07, 2024Kobe Steel, Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024Declared Dividend • Jul 11Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.0% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Jun 23Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: JP¥277 (up from JP¥184 in FY 2023). Revenue: JP¥2.54t (up 2.9% from FY 2023). Net income: JP¥109.6b (up 51% from FY 2023). Profit margin: 4.3% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 11Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: JP¥277 (up from JP¥184 in FY 2023). Revenue: JP¥2.54t (up 2.9% from FY 2023). Net income: JP¥109.6b (up 51% from FY 2023). Profit margin: 4.3% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 11Kobe Steel, Ltd., Annual General Meeting, Jun 19, 2024Kobe Steel, Ltd., Annual General Meeting, Jun 19, 2024.お知らせ • Apr 12Kobe Steel, Ltd. to Report Fiscal Year 2024 Results on May 09, 2024Kobe Steel, Ltd. announced that they will report fiscal year 2024 results on May 09, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (3.5%).Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥74.39 (vs JP¥49.39 in 3Q 2023)Third quarter 2024 results: EPS: JP¥74.39 (up from JP¥49.39 in 3Q 2023). Revenue: JP¥619.9b (flat on 3Q 2023). Net income: JP¥29.4b (up 51% from 3Q 2023). Profit margin: 4.7% (up from 3.2% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 21Kobe Steel, Ltd. to Report Q3, 2024 Results on Feb 09, 2024Kobe Steel, Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024Buying Opportunity • Dec 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥2,051, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings is forecast to decline by 7.0% per annum over the same time period.Price Target Changed • Nov 24Price target increased by 7.9% to JP¥1,942Up from JP¥1,800, the current price target is an average from 6 analysts. New target price is 10% above last closing price of JP¥1,761. Stock is up 179% over the past year. The company is forecast to post earnings per share of JP¥303 for next year compared to JP¥184 last year.Reported Earnings • Nov 10Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: JP¥139 (up from JP¥17.65 in 2Q 2023). Revenue: JP¥655.1b (up 4.5% from 2Q 2023). Net income: JP¥54.9b (up JP¥47.9b from 2Q 2023). Profit margin: 8.4% (up from 1.1% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥45.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 21% and the cash payout ratio is 86%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%).お知らせ • Sep 05Kobe Steel, Ltd. to Report Q2, 2024 Results on Nov 09, 2023Kobe Steel, Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023Price Target Changed • Aug 22Price target increased by 15% to JP¥1,570Up from JP¥1,368, the current price target is an average from 6 analysts. New target price is 6.8% below last closing price of JP¥1,684. Stock is up 175% over the past year. The company is forecast to post earnings per share of JP¥254 for next year compared to JP¥184 last year.Price Target Changed • Aug 17Price target increased by 12% to JP¥1,452Up from JP¥1,302, the current price target is an average from 6 analysts. New target price is 15% below last closing price of JP¥1,717. Stock is up 180% over the past year. The company is forecast to post earnings per share of JP¥230 for next year compared to JP¥184 last year.株主還元5406JP Metals and MiningJP 市場7D1.6%-1.5%-1.6%1Y16.7%67.0%37.4%株主還元を見る業界別リターン: 5406過去 1 年間で67 % の収益を上げたJP Metals and Mining業界を下回りました。リターン対市場: 5406は、過去 1 年間で37.4 % のリターンを上げたJP市場を下回りました。価格変動Is 5406's price volatile compared to industry and market?5406 volatility5406 Average Weekly Movement3.6%Metals and Mining Industry Average Movement4.7%Market Average Movement4.4%10% most volatile stocks in JP Market9.4%10% least volatile stocks in JP Market2.1%安定した株価: 5406 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 5406の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト190538,614Yoshihiko Katsukawawww.kobelco.co.jp(株)神戸製鋼所は、世界中で素材、機械、電力事業に従事している。同社は、高張力鋼板、熱延鋼板、冷延鋼板、電気亜鉛メッキ鋼板、溶融亜鉛メッキ鋼板などの鋼板製品、鋼線材、棒鋼、アルミ・鋼板を提供している。また、クランクシャフト、舶用部品、化学処理装置、ロールなどの鋳鋼・鍛鋼製品、プラスチック成形用素材、チタン製品、銅板・銅条、鉄粉なども提供している。また、ロボットや電源、溶接材料、標準コンプレッサー、タイヤ・ゴム機械製品、回転機械製品、プラスチック加工機械製品、先端技術設備、圧延機製品、超高圧装置などの機械製品、LNG気化器、圧力容器、アルミろう付け熱交換器、マイクロチャンネル熱交換器・反応器なども提供している。さらに、信号、通信、電源、自動料金徴収、プラットホーム網戸システム、油圧・ミニ油圧ショベル、ミニホイールローダー、道路機械、建設、金属、林業、産業廃棄物リサイクル機械、クローラー・クレーン、ホイールクレーンを提供している。また、発電・電力供給、材料・構造分析・試験・物理分析等のサービス、ターゲット材・試験機器の製造・販売、戸建住宅の販売・賃貸、仲介・リフォーム・保険等のサービス、公共施設の運営管理サービスも行っている。また、鉄ユニット分野でのサービス、水処理、廃棄物焼却、PCB無害化、土壌浄化サービスも提供している。同社は1905年に設立され、神戸に本社を置く。もっと見るKobe Steel, Ltd. 基礎のまとめKobe Steel の収益と売上を時価総額と比較するとどうか。5406 基礎統計学時価総額JP¥784.78b収益（TTM）JP¥93.72b売上高(TTM)JP¥2.44t8.4xPER（株価収益率0.3xP/Sレシオ5406 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計5406 損益計算書（TTM）収益JP¥2.44t売上原価JP¥2.03t売上総利益JP¥403.22bその他の費用JP¥309.51b収益JP¥93.72b直近の収益報告Mar 31, 2026次回決算日Aug 05, 2026一株当たり利益（EPS）236.99グロス・マージン16.55%純利益率3.85%有利子負債／自己資本比率55.9%5406 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.0%現在の配当利回り34%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/23 07:48終値2026/07/23 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kobe Steel, Ltd. 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Takashi EnomotoBofA Global ResearchMinami MunakataCitigroup IncJiro IokibeDaiwa Securities Co. Ltd.15 その他のアナリストを表示
お知らせ • Jul 07Kobe Steel, Ltd. to Report Q1, 2027 Results on Aug 05, 2026Kobe Steel, Ltd. announced that they will report Q1, 2027 results on Aug 05, 2026
Reported Earnings • May 12Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥238 (down from JP¥305 in FY 2025). Revenue: JP¥2.44t (down 4.6% from FY 2025). Net income: JP¥93.7b (down 22% from FY 2025). Profit margin: 3.8% (down from 4.7% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 11+ 1 more updateKobe Steel, Ltd., Annual General Meeting, Jun 23, 2026Kobe Steel, Ltd., Annual General Meeting, Jun 23, 2026.
お知らせ • May 09Kobe Steel, Ltd. to Report Fiscal Year 2026 Results on May 11, 2026Kobe Steel, Ltd. announced that they will report fiscal year 2026 results at 1:00 PM, Tokyo Standard Time on May 11, 2026
New Risk • Apr 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).
お知らせ • Jul 07Kobe Steel, Ltd. to Report Q1, 2027 Results on Aug 05, 2026Kobe Steel, Ltd. announced that they will report Q1, 2027 results on Aug 05, 2026
Reported Earnings • May 12Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥238 (down from JP¥305 in FY 2025). Revenue: JP¥2.44t (down 4.6% from FY 2025). Net income: JP¥93.7b (down 22% from FY 2025). Profit margin: 3.8% (down from 4.7% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 11+ 1 more updateKobe Steel, Ltd., Annual General Meeting, Jun 23, 2026Kobe Steel, Ltd., Annual General Meeting, Jun 23, 2026.
お知らせ • May 09Kobe Steel, Ltd. to Report Fiscal Year 2026 Results on May 11, 2026Kobe Steel, Ltd. announced that they will report fiscal year 2026 results at 1:00 PM, Tokyo Standard Time on May 11, 2026
New Risk • Apr 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).
Buy Or Sell Opportunity • Feb 24Now 22% undervaluedOver the last 90 days, the stock has risen 15% to JP¥2,226. The fair value is estimated to be JP¥2,837, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period.
Reported Earnings • Feb 07Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥54.61 (down from JP¥117 in 3Q 2025). Revenue: JP¥596.6b (down 6.1% from 3Q 2025). Net income: JP¥21.5b (down 54% from 3Q 2025). Profit margin: 3.6% (down from 7.3% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Feb 05Now 20% undervaluedOver the last 90 days, the stock has risen 26% to JP¥2,303. The fair value is estimated to be JP¥2,882, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are forecast to decline by 4.5% per annum over the same time period.
お知らせ • Feb 02Kobe Steel, Ltd. (TSE:5406) completed the acquisition of remaining 48.31% stake in Nippon Koshuha Steel Co.,Ltd. (TSE:5476) from a group of shareholders.Kobe Steel, Ltd. (TSE:5406) agreed to acquire remaining 48.31% stake in Nippon Koshuha Steel Co.,Ltd. (TSE:5476) from a group of shareholders for ¥3 billion on May 12, 2025. As part of the consideration Kobe Steel, Ltd. will allot and deliver 0.26 shares of its stock for each share of Nippon Koshuha Steel Co.,Ltd. The consideration is subject to change upon mutual discussion. Upon completion, Kobe Steel, Ltd. will own 100% stake in Nippon Koshuha Steel Co.,Ltd. The transaction is subject to approval by regulatory board / committee, approval of offer by target board, approval of offer by target shareholders and consummation of due diligence investigation. The Board of Directors of Nippon Koshuha Steel Co.,Ltd. formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 2, 2026. Nomura Securities Co., Ltd. acted as financial advisor for Kobe Steel, Ltd. Nishimura & Asahi acted as legal advisor for Kobe Steel, Ltd. YAMADA Business Consulting Co.,Ltd. acted as financial advisor for Nippon Koshuha Steel Co.,Ltd. Anderson Mori & Tomotsune acted as legal advisor for Nippon Koshuha Steel Co.,Ltd. Stand by C Co., Ltd. acted as financial advisor for Nippon Koshuha Steel Co.,Ltd. Nomura Securities Co., Ltd. acted as fairness opinion provider for Kobe Steel, Ltd. YAMADA Business Consulting Co.,Ltd. acted as fairness opinion provider for Nippon Koshuha Steel Co.,Ltd. Kobe Steel, Ltd. (TSE:5406) completed the acquisition of remaining 48.31% stake in Nippon Koshuha Steel Co.,Ltd. (TSE:5476) from a group of shareholders on February 2, 2026. Kobe Steel has transferred all its common shares in Nippon Koshuha Steel to Daido Steel Co., Ltd.
分析記事 • Jan 24Kobe Steel, Ltd.'s (TSE:5406) Prospects Need A Boost To Lift SharesWith a price-to-earnings (or "P/E") ratio of 7.2x Kobe Steel, Ltd. ( TSE:5406 ) may be sending very bullish signals at...
Buy Or Sell Opportunity • Jan 19Now 21% undervaluedOver the last 90 days, the stock has risen 30% to JP¥2,276. The fair value is estimated to be JP¥2,864, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 4.5% per annum over the same time period.
お知らせ • Jan 06Kobe Steel, Ltd. to Report Q3, 2026 Results on Feb 06, 2026Kobe Steel, Ltd. announced that they will report Q3, 2026 results at 12:00 PM, Tokyo Standard Time on Feb 06, 2026
分析記事 • Jan 02Does Kobe Steel (TSE:5406) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Dec 12Are Investors Undervaluing Kobe Steel, Ltd. (TSE:5406) By 29%?Key Insights The projected fair value for Kobe Steel is JP¥2,878 based on 2 Stage Free Cash Flow to Equity Kobe Steel...
Declared Dividend • Dec 02First half dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range.
New Risk • Nov 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • Oct 16Investors Aren't Buying Kobe Steel, Ltd.'s (TSE:5406) EarningsWith a price-to-earnings (or "P/E") ratio of 5.1x Kobe Steel, Ltd. ( TSE:5406 ) may be sending very bullish signals at...
お知らせ • Oct 09Kobe Steel, Ltd. to Report Q2, 2026 Results on Nov 10, 2025Kobe Steel, Ltd. announced that they will report Q2, 2026 results at 12:00 PM, Tokyo Standard Time on Nov 10, 2025
Upcoming Dividend • Sep 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 29% and the cash payout ratio is 90%. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%).
分析記事 • Sep 02Is Kobe Steel (TSE:5406) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Reported Earnings • Aug 08First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: JP¥98.03 (up from JP¥60.91 in 1Q 2025). Revenue: JP¥569.1b (down 3.7% from 1Q 2025). Net income: JP¥38.6b (up 61% from 1Q 2025). Profit margin: 6.8% (up from 4.1% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) exceeded analyst estimates by 34%. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Aug 06There's Been No Shortage Of Growth Recently For Kobe Steel's (TSE:5406) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Declared Dividend • Jul 09Final dividend of JP¥40.00 announcedShareholders will receive a dividend of JP¥40.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (89.9% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.2% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jul 03Kobe Steel, Ltd. to Report Q1, 2026 Results on Aug 07, 2025Kobe Steel, Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Jun 21Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥305 (up from JP¥277 in FY 2024). Revenue: JP¥2.56t (flat on FY 2024). Net income: JP¥120.2b (up 9.7% from FY 2024). Profit margin: 4.7% (up from 4.3% in FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 13Kobe Steel, Ltd. (TSE:5406) announces an Equity Buyback for 1,900,000 shares, representing 0.48% for ¥3,900 million.Kobe Steel, Ltd. (TSE:5406) announces a share repurchase program. Under the program, the company will repurchase up to 1,900,000 shares, representing 0.48% of its issued share capital, for ¥3,900 million. The purpose of the buyback is to issue shares to shareholders of Nippon Koshuha Steel Co., Ltd. when it becomes a wholly owned subsidiary through a share exchange. The program will expire on June 9, 2025. As of March 31, 2025, the company had 396,064,263 shares in issue (excluding treasury stock) and 281,700 shares in treasury.
Reported Earnings • May 13Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥305 (up from JP¥277 in FY 2024). Revenue: JP¥2.56t (flat on FY 2024). Net income: JP¥120.2b (up 9.7% from FY 2024). Profit margin: 4.7% (up from 4.3% in FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 12+ 4 more updatesKobe Steel, Ltd., Annual General Meeting, Jun 19, 2025Kobe Steel, Ltd., Annual General Meeting, Jun 19, 2025.
お知らせ • Apr 25Court Dismisses the Appeal Against Kobe Steel and Kobelco Power Kobe No. 2, IncKobe Steel, Ltd. announced that the Osaka High Court handed down a judgement dismissing the appeal by the appellants against the Kobe District Court's judgement that dismissed the plaintiffs' claims raised against the Company and its wholly owned subsidiary Kobelco Power Kobe No. 2 Inc. on March 20, 2023, as announced in the press release "Legal appeal filed against Kobe Steel and a Group company" as of June 29, 2023. The Companies undertook environmental impact assessment procedures for the plan to build the Kobe Power Plant's No. 3 and No. 4 units (hereinafter, the new power plant), which are currently in operation at 2, Nadahama Higashicho, Nada-ku, Kobe, Hyogo Prefecture (the procedures completed on June 25, 2018, with the end of the public inspection period for the environmental impact assessment report), as well as made efforts to provide information and explanations in order to gain the understanding of the parties involved, including the residents of the immediate area. Despite such efforts, a lawsuit demanding injunctions on the construction of the new power plant was filed from those who claimed that by living in the vicinity of the new power plant site, they could suffer from the operation. The lawsuit was dismissed by the Kobe District Court as the court of first instance, but the appellants were dissatisfied with the judgement of the first instance and thereby filed the appeal. 34 people who claim to be living in the vicinity of the new power plant. The appellants sought a judgment to rescind the judgment of the first instance and to order the Companies and one other company to stop the operation of the new plant. This judgement has no impact on the Companies' business performance. If the appellants appeal to the Supreme Court, we will continue to respond appropriately.
Buy Or Sell Opportunity • Apr 07Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.8% to JP¥1,488. The fair value is estimated to be JP¥1,954, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are forecast to decline by 3.0% per annum over the same time period.
お知らせ • Apr 01Kobe Steel, Ltd. to Report Fiscal Year 2025 Results on May 12, 2025Kobe Steel, Ltd. announced that they will report fiscal year 2025 results on May 12, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (4.1%).
New Risk • Feb 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Feb 08Kobe Steel, Ltd. Provides Consolidated Earning Guidance for the Full Year Ending March 31, 2025Kobe Steel, Ltd. provided Consolidated earning guidance for the full year ending March 31, 2025. For the year company expects net sales to be JPY 2,580,000 million; Operating profit JPY 150,00 million; Profit attributable to owners of parent JPY 130,000 million; and Basic earnings per share JPY 329.52.
お知らせ • Feb 07Kobe Steel, Ltd. Revises Dividend Guidance for the Fiscal Year Ending March 31, 2025Kobe Steel, Ltd. revised dividend guidance for the fiscal year ending March 31, 2025. For the quarter, the company now expects to pay a dividend of JPY 55.00 per share against previous guidance of JPY 45.00 per share. Reason for revision: Kobe Steel considers the return of profits to shareholders to be one of its top management priorities and strives to enhance the corporate value of the entire Group by promoting business development from a medium- to long-term perspective. The Company determines dividends taking its financial condition, business performance, future capital needs and other factors into overall consideration with the aim of paying dividends on a continuous and steady basis in principle. The target dividend payout ratio is set at approximately 30% of profit attributable to owners of parent. In accordance with this policy, the Company has decided to revise its dividend forecast to increase the year-end dividend to JPY 55 per share (annual dividend: JPY 100), a JPY 10 increase from the previous forecast, based on the profit attributable to owners of parent projected for fiscal 2024.
Price Target Changed • Jan 31Price target decreased by 7.8% to JP¥1,840Down from JP¥1,996, the current price target is an average from 7 analysts. New target price is 11% above last closing price of JP¥1,660. Stock is down 19% over the past year. The company is forecast to post earnings per share of JP¥285 for next year compared to JP¥277 last year.
お知らせ • Jan 14Kobe Steel, Ltd. to Report Q3, 2025 Results on Feb 07, 2025Kobe Steel, Ltd. announced that they will report Q3, 2025 results at 1:00 PM, Tokyo Standard Time on Feb 07, 2025
Price Target Changed • Jan 09Price target decreased by 10% to JP¥1,920Down from JP¥2,142, the current price target is an average from 5 analysts. New target price is 24% above last closing price of JP¥1,553. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥284 for next year compared to JP¥277 last year.
Price Target Changed • Dec 09Price target decreased by 8.5% to JP¥1,996Down from JP¥2,182, the current price target is an average from 5 analysts. New target price is 32% above last closing price of JP¥1,517. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of JP¥288 for next year compared to JP¥277 last year.
Declared Dividend • Dec 03First half dividend of JP¥45.00 announcedDividend of JP¥45.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 2nd June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 26JEOL Ltd. (TSE:6951) agreed to acquire an additional majority stake in Japan Superconductor Technology, Inc. from Kobe Steel, Ltd. (TSE:5406).JEOL Ltd. (TSE:6951) agreed to acquire an additional majority stake in Japan Superconductor Technology, Inc. from Kobe Steel, Ltd. (TSE:5406) on November 22, 2024. Post the closing of the transaction, Kobe Steel will not hold any stake in Japan Superconductor Technology. For the period ending March 31, 2024, Japan Superconductor Technology, Inc. reported total revenue of ¥4.14 billion. The expected completion of the transaction is January 6, 2025.
New Risk • Nov 14New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Reported Earnings • Nov 09First half 2025 earnings: EPS exceeds analyst expectationsFirst half 2025 results: EPS: JP¥143 (down from JP¥203 in 1H 2024). Revenue: JP¥1.25t (flat on 1H 2024). Net income: JP¥56.6b (down 30% from 1H 2024). Profit margin: 4.5% (down from 6.4% in 1H 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Nov 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).
お知らせ • Oct 07Kobe Steel, Ltd. to Report Q2, 2025 Results on Nov 07, 2024Kobe Steel, Ltd. announced that they will report Q2, 2025 results at 3:30 PM, Tokyo Standard Time on Nov 07, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (4.3%).
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,477, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Japan. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,280 per share.
Buy Or Sell Opportunity • Aug 02Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.6% to JP¥1,721. The fair value is estimated to be JP¥2,273, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are forecast to decline by 0.02% per annum over the same time period.
New Risk • Jul 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Jul 13Kobe Steel, Ltd. to Report Q1, 2025 Results on Aug 07, 2024Kobe Steel, Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024
Declared Dividend • Jul 11Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.0% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Jun 23Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: JP¥277 (up from JP¥184 in FY 2023). Revenue: JP¥2.54t (up 2.9% from FY 2023). Net income: JP¥109.6b (up 51% from FY 2023). Profit margin: 4.3% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 11Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: JP¥277 (up from JP¥184 in FY 2023). Revenue: JP¥2.54t (up 2.9% from FY 2023). Net income: JP¥109.6b (up 51% from FY 2023). Profit margin: 4.3% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 11Kobe Steel, Ltd., Annual General Meeting, Jun 19, 2024Kobe Steel, Ltd., Annual General Meeting, Jun 19, 2024.
お知らせ • Apr 12Kobe Steel, Ltd. to Report Fiscal Year 2024 Results on May 09, 2024Kobe Steel, Ltd. announced that they will report fiscal year 2024 results on May 09, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (3.5%).
Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥74.39 (vs JP¥49.39 in 3Q 2023)Third quarter 2024 results: EPS: JP¥74.39 (up from JP¥49.39 in 3Q 2023). Revenue: JP¥619.9b (flat on 3Q 2023). Net income: JP¥29.4b (up 51% from 3Q 2023). Profit margin: 4.7% (up from 3.2% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 21Kobe Steel, Ltd. to Report Q3, 2024 Results on Feb 09, 2024Kobe Steel, Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024
Buying Opportunity • Dec 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥2,051, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings is forecast to decline by 7.0% per annum over the same time period.
Price Target Changed • Nov 24Price target increased by 7.9% to JP¥1,942Up from JP¥1,800, the current price target is an average from 6 analysts. New target price is 10% above last closing price of JP¥1,761. Stock is up 179% over the past year. The company is forecast to post earnings per share of JP¥303 for next year compared to JP¥184 last year.
Reported Earnings • Nov 10Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: JP¥139 (up from JP¥17.65 in 2Q 2023). Revenue: JP¥655.1b (up 4.5% from 2Q 2023). Net income: JP¥54.9b (up JP¥47.9b from 2Q 2023). Profit margin: 8.4% (up from 1.1% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Metals and Mining industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥45.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 21% and the cash payout ratio is 86%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%).
お知らせ • Sep 05Kobe Steel, Ltd. to Report Q2, 2024 Results on Nov 09, 2023Kobe Steel, Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023
Price Target Changed • Aug 22Price target increased by 15% to JP¥1,570Up from JP¥1,368, the current price target is an average from 6 analysts. New target price is 6.8% below last closing price of JP¥1,684. Stock is up 175% over the past year. The company is forecast to post earnings per share of JP¥254 for next year compared to JP¥184 last year.
Price Target Changed • Aug 17Price target increased by 12% to JP¥1,452Up from JP¥1,302, the current price target is an average from 6 analysts. New target price is 15% below last closing price of JP¥1,717. Stock is up 180% over the past year. The company is forecast to post earnings per share of JP¥230 for next year compared to JP¥184 last year.
