Kobe Steel expects data misconduct to cut 10 bln yen from FY17/18 recurring profit [Reuters]
KOBE STEEL SPON ADR (KBSTY)
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Source: Reuters
Kobe Steel Ltd (KBSTY.PK) Key Developments | Reuters.com Oct 30 (Reuters) - Kobe Steel Ltd ::Kobe Steel exec: cuts fy2017/18 recurring profit forecast of aluminium and copper segment to 10 billion yen from 14 billion yen due to impact from data fabrication.Kobe Steel exec: expecting data misconduct to cut 10 billion yen from its fy17/18 recurring profit.Kobe Steel exec: financial impact from data fabrication includes reduction of output and falling orders in aluminium, copper and other segments.Kobe Steel exec: started talking with banks on financing.Kobe Steel exec: continuing to generate cash on our own to fund capex and other costs including expenses related to data fabrication. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's m
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