OREANDA-NEWS. Kobe Steel’s consolidated net sales in the nine months to December 31, 2012 decreased 161.8 billion yen in comparison to the same period last year to 1,247.7 billion yen. Operating income went down 62.6 billion yen in comparison to the same period last year to 6.4 billion yen. Ordinary income, also known as pretax recurring profit, decreased 66.4 billion yen in comparison to the same period last year to an ordinary loss of 16.2 billion yen. Net income went down 35.2 billion yen in comparison to the same period last year to a net loss of 22.6 billion yen.

Iron & Steel Business
Consolidated segment sales in the nine months to December 31, 2012 decreased 12.4 percent in comparison to the same period last year to 562.5 billion yen. Ordinary income went down 40.7 billion yen in comparison to an ordinary loss of 37.0 billion yen.

Welding Business
Consolidated segment sales in the nine months to December 31, 2012 decreased 2.0 percent in comparison to the same period last year to 61.6 billion yen. Ordinary income decreased 1.4 billion yen in comparison to the same period last year to 1.0 billion yen.

Aluminum & Copper Business
Consolidated segment sales in the nine months to December 31, 2012 decreased 11.4 percent in comparison to the same period last year to 199.0 billion yen. Ordinary income went down 4.7 billion yen in comparison to the same period last year to 3.2 billion yen, due to a worsening in inventory valuation and other factors.