OREANDA-NEWS. Kobe Steel, Ltd. announces that in the first quarter fiscal 2013, it will record a gain on the sale of investment securities by the sale of the shares issued by Nabtesco Corporation.

This announcement intends to disclose the gain/loss on the sale in relation to the prior press release “Kobe Steel announces the Sale of Investment Securities” made on May 17, as the price of the sale of shares from Kobe Steel to the underwriters (Distribution Price) has been determined.

Gain on the Sale of Investment Securities to Be Recorded in the First Quarter Fiscal 2013. Number of the shares sold - 15,100,000 shares (owned by Kobe Steel)
Total price of the sale - 29.5 billion yen (1,957.76yen per share)
Gain on the sale - 23.9 billion yen.

Kobe Steel will promptly disclose its earnings forecast for fiscal 2013 if Kobe Steel judges it necessary to modify the earnings forecast.