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2020/3/2 KOBELCO STEEL TUBE CO., LTD. Corporate Name Change

KOBELCO STEEL TUBE CO., LTD. Corporate Name Change
~To be renamed MARUICHI STAINLESS TUBE CO., LTD. from June 1~

KOBELCO STEEL TUBE CO., LTD. will change its name to MARUICHI STAINLESS TUBE CO., LTD. upon transfer of its shares to Maruichi Steel Tube Ltd. (“Maruichi Steel Tube”). This corporate name change follows the transfer of all outstanding shares (100%) of the Company to Maruichi Steel Tube on April 1, 2020 by Kobe Steel, Ltd. (“Kobe Steel”), as previously disclosed on November 27, 2019 (“Announcement on transfer of shares of Kobelco Steel Tube Co., Ltd.”).

The Company will continue to provide a stable supply of high-quality seamless stainless pipes and tubes, as well as high-growth products such as semiconductor clean pipes (Bright Annealed pipes) and precision tubes (Bright Annealed tubes) used in the fuel injection of automotive direct injection engines, etc. we will continue to contribute to society through the creation of new products that capture the evolving needs of our clients.

1. Date of Name Change:   June 1, 2020
2. New Corporate Name:   MARUICHI STAINLESS TUBE CO., LTD.
3. Current Corporate Name:  KOBELCO STEEL TUBE CO., LTD. 
4. Reasons for Change: To clearly identify affiliation with the Maruichi Steel Tube Group,
            strengthening the global production and sales network of the Group
            and enhancing collaboration in manufacturing technology,
            to further cultivate growth opportunities.

【Company Facts】

Founded: April, 1996
     Kobe Special Tube Co., Ltd. was incorporated as an independent entity
     through spin-off of Kobe Steel Tube Business Headquarters (Steel Tube Business Unit,
     Chofu-Kita Manufacturing Plant).
     Renamed Kobelco Steel Tube Co., Ltd. in 2016, till present day.
Address: Tokyo Headquarter          5-9-11 Kita-Shinagawa, Shinagawa-ku, Tokyo
     Shimonoseki Headquarters (Head Office) 13-1 Chofu-Minato Machi,
                         Shimonoseki City, Yamaguchi Prefecture
     Osaka Branch          4-1-3 Bingo-cho, Chuo-ku, Osaka City, Osaka
Share Capital: 4,250 million JPY
Representative: Takashi Onishi, President and Representative Director
Shareholder: Kobe Steel 100%; To be Maruichi Steel Tube 100% as of April 1, 2020
Net Assets: 12,248 million JPY (FY March 2019)
Total Assets: 20,912 million JPY (FY March 2019)
Revenues: 26,059 million JPY (FY March 2019)
Recurring Profits: 1,016 million JPY (FY March 2019)

<Inquiries concerning this announcement>
  Kobelco Steel Tube Co., Ltd., Planning and Administration Department
  Imai / Hata <+81-3-5739-5051>