It will focus on becoming a unified company centered on high return on assets and on business units with high cash flow. In April 1999, Kobe Steel turned its business divisions into internal companies to foster more independent management. Going one step further in its new business plan, Kobe Steel intends to form a holding company in 2003, provided that consolidated taxation and numerous other issues are resolved. In preparation, the Iron and Steel Company will merge into the head office at the end of June 2000. Kobe Steel will also consider personnel policies and the optimum formation of the head office for a holding company structure.
Figures are in billions of yen.
Ordinary income is also known as pretax recurring profit. Debt is also known as interest-bearing liabilities. Business Sector Plans 1.1. Each facility plans to increase its competitiveness in cost and quality. In particular, Kobe Steel will emphasize specialty steel and high tensile steel for the auto industry, two areas in which it excels.