Kobe Steel stock: SAIL discusses 0.5 million-ton plant. What it means for Kobe Steel stock

Published on 10/23/2026 at 05:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SAIL discusses a 0.5 million-ton plant in India. For Kobe Steel stock, first-quarter revenue was JPY 578.35 billion.

Plant scale and investor dates

SAIL and Kobe Steel discussed a 0.5 million-ton plant in India on October 23, 2026.
Kobe Steel posted JPY 578.35 billion in first-quarter revenue for the quarter ended June 30, 2026.
UBS maintained a Buy rating and a JPY 2,500.00 target on October 19, 2026.
Kobe Steel scheduled second-quarter fiscal 2026 results for November 10, 2026.

Kobe Steel, JP3289800009, Illustration mit AI erstellt.

Kobe Steel (ISIN JP3289800009) is linked to talks for a 0.5 million-ton steel plant in India, a project that could use its ITmk3 iron-making technology. The Economic Times reported the talks on October 23, 2026. The feasibility study is expected to take three months, while investment, ownership and location remain subjects for the study.

What does 0.5 million tons mean?

The proposed facility would use Kobe Steel technology to produce iron nuggets for steelmaking. The report describes a 0.5 million-ton module and says a second module could lift potential capacity to 1 million tons. That scale gives the India discussion a concrete operating dimension, even though the project is still at the feasibility-study stage.

Results show the earnings pressure

Kobe Steel reported JPY 578.35 billion in revenue and JPY 12.20 billion in net profit for the quarter ended June 30, 2026, compared with JPY 569.06 billion of revenue and JPY 38.64 billion of net profit in the prior-year quarter, according to Markets Insider. Revenue increased between the periods, while net profit was lower, making project execution and profitability important parts of the investment case.

The recent analyst chronology shows a divided view. Markets Insider reported Nomura's Hold rating and JPY 1,900.00 target on October 14, 2026. The same outlet reported on October 19, 2026 that UBS maintained a Buy rating and a JPY 2,500.00 target. The two targets differ by JPY 600.00.

Three dates frame the story

On October 14, 2026, Nomura retained its JPY 1,900.00 target. On October 19, 2026, UBS retained its JPY 2,500.00 target. On October 23, 2026, SAIL and Kobe Steel were reported to be discussing the 0.5 million-ton India project.

When are the next results?

Kobe Steel scheduled its fiscal 2026 second-quarter financial results for November 10, 2026, at 1:00 p.m. JST. The release will provide the next formal test of revenue, profit and the full-year outlook.

Tokyo quote and valuation

Kobe Steel was trading at JPY 2,014.50 on the Tokyo Stock Exchange on October 23, 2026 at 12:35 p.m. JST. Its market capitalization was JPY 796.6 billion, and the 52-week range was JPY 1,756.00 to JPY 2,379.50 as of that date. The further course of trading is shown by the continuously updated real-time quote of Kobe Steel stock.