OREANDA-NEWS. Kobe Steel, Ltd. established a retirement benefit trust to provide retirement benefits in the future. Pension assets, including the retirement benefit trust, face a situation where they are greatly overfunded with regard to the projected benefit obligation (PBO). As this situation is anticipated to continue in the future, Kobe Steel decided to cancel a portion of the retirement benefit trust.

Kobe Steel anticipates no change in its earnings forecast for the fiscal year ending in March 2015 announced on February 3, 2015.

If a correction is necessary following a detailed examination of other items, Kobe Steel will promptly make a disclosure.