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July 04, 2025
 

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KOBE STEEL

Overall net profit is expected to go down 42.9% from the previous year to ¥200 billion at Nippon Steel, 18.4% to ¥75 billion at JFE Holdings and 16.8% to ¥100 billion at Kobe Steel.
BUSINESS / Companies
May 13, 2025
Three major Japan steelmakers say they expect profit falls in fiscal 2025
Overall net profit is expected to go down 42.9% from the previous year to ¥200 billion at Nippon Steel, 18.4% to ¥75 billion at JFE and 16.8% to ¥100 billion at Kobe Steel.
BUSINESS
Jun 12, 2023
Major Japanese steelmakers face high bar for decarbonization
Carbon dioxide emissions from the steel industry account for roughly 50% of the total from the domestic industry sector.
Japan Times
BUSINESS
Aug 5, 2019
Highlighting industry's troubles, Kobe Steel's shares take huge hit
Kobe Steel Ltd. tumbled as much as 13 percent in Tokyo to hit the lowest level in almost seven years after Japan's third-biggest steelmaker swung to a first-quarter loss and warned that full-year profit will collapse.
Japan Times
COMMUNITY / Issues / LAW OF THE LAND
Oct 10, 2018
Japan demonstrates how too many rules can ruin governance
Culture of over-regulation helps explain the country's persistent problem with data falsification.
EDITORIALS
May 11, 2018
Get to the bottom of product data falsification
Corporate Japan's tarnished image can only be restored by thorough efforts to uncover the cause of the data falsifaction scandals and to ensure that they don't happen again.
Japan Times
BUSINESS / Companies
Apr 28, 2018
Kobe Steel posts first profit in three years despite data fraud scandal
Kobe Steel Ltd., Japan's third-biggest steel-maker, on Friday posted its first annual profit in three years, even after admitting to falsifying quality data, a scandal that affected hundreds of customers and hurt the country's reputation for manufacturing prowess.
Japan Times
BUSINESS / Companies
Mar 16, 2018
Kobe Steel's new CEO vows to restore damaged trust with program of reforms
Mitsugu Yamaguchi vows to rebuild corporate governance and culture at Japan's third-largest steel-maker when he starts work on April 1.
Japan Times
BUSINESS / Companies
Mar 6, 2018
Kobe Steel CEO steps down over data fabrication scandal
The move comes as the firm seeks to take responsibility for the brouhaha that dented the nation's once vaunted reputation for excellence.
BUSINESS
Dec 27, 2017
The top business news stories of 2017
The Japan Times newsroom selected these economy and technology stories as the most important of 2017.
BUSINESS / Companies
Dec 21, 2017
Kobe Steel says senior executives knew about data tampering
Kobe Steel Ltd., at the center of a data-falsification scandal that has shaken Japan's manufacturing industry, admitted for the first time that executives had been aware of the tampering and reassigned three senior officials.
Japan Times
BUSINESS / Companies / ANALYSIS
Dec 7, 2017
Kobe Steel scandal may open doors for rivals, spurned suitors
The worst product quality scandal in Kobe Steel Ltd.'s 112-year history has reignited speculation it could be broken up for sale or merged with a rival.
BUSINESS
Dec 3, 2017
Abuse of irregular but authorized shipments said behind Japan's manufacturing scandals
Long-term abuse of a customary business practice is spotted in the data-faking scandals tainting Japan's manufacturing industry.
JAPAN
Nov 16, 2017
Nine reactors in Japan use products manufactured by steel maker that admitted faking quality data
Nine reactors at five nuclear power plants in Japan, including some currently in operation, have used products manufactured by the Kobe Steel Ltd. group which has admitted fabricating product quality data, it has been learned.
Japan Times
BUSINESS / Companies
Nov 5, 2017
Scandal-hit Kobe Steel has 'look the other way' culture, they say in its hometown
A retired Kobe Steel employee says the company's corporate culture was to look the other way even while you saw what was going on.
EDITORIALS
Nov 3, 2017
What's behind manufacturers' compliance lapses?
The government must determine how to prevent the compliance and quality problems that have surfaced at Japanese manufacturers.
Japan Times
BUSINESS / Companies
Oct 28, 2017
Kobe Steel plans to raise ¥70 billion with early asset sale
Kobe Steel Ltd. has shown creditors a plan to secure some ¥70 billion mainly by selling assets earlier than scheduled, informed sources said.
BUSINESS / Companies
Oct 27, 2017
Nissan has conducted faulty quality checks since 1979: source
Nissan Motor Co. had been conducting its current inspection process for vehicles sold in Japan—deemed faulty by the government last month — since at least 1979, according to a person familiar with the situation.
EDITORIALS
Oct 22, 2017
What Kobe Steel's fake data scandal portends
Global trust in the quality control of Japanese manufacturing has been damaged, maybe for good.
Japan Times
BUSINESS / Companies
Oct 21, 2017
Lack of automation let Kobe Steel manually manipulate inspection certificate process, official says
Some Kobe Steel Ltd. plants lack systems that automatically input product inspection data from measuring devices to produce inspection certificates, it was learned Saturday.
Japan Times
BUSINESS / Companies
Oct 20, 2017
Kobe Steel said employees' cover-up hampered internal probe on data falsification scandal
Kobe Steel's data-fabrication scandal deepens after revelations that employees failed to disclose deceptive practices at the troubled metal maker.
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Onosato's yokozuna promotion causes rare quirk in new sumo rankings
Newly promoted yokozuna Onosato holds a copy of the latest banzuke ranking in Anjo, Aichi Prefecture, on Monday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Over 900 earthquakes strike Tokara islands in space of two weeks
A screenshot shows many quakes occurring in the Tokara islands over the past 30 days, in this image taken from the U.S. Geological Survey website.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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