en.Wedoany.com Reported - Kobe Steel held a briefing on May 19 regarding the progress of its medium-term management plan (FY2024 to FY2026), disclosing the status of restructuring in its aluminum business segment. In the aluminum sheet unit and suspension business, reform measures have begun to yield results. However, the aluminum extrusion business continues to face sluggish conditions in both the Japanese and U.S. markets.

To promote the restructuring of its aluminum extrusion business, Kobe Steel has begun exploring various options, including collaboration with other companies. With earnings in the aluminum extrusion business remaining persistently weak, the company is seeking improvement pathways through external partnerships. Kobe Steel's aluminum sheet and suspension businesses are benefiting from the trend toward vehicle lightweighting, with the effects of related reforms gradually becoming evident.

Price improvement efforts in the previous fiscal year progressed as planned. The effectiveness seen in the aluminum sheet unit and suspension business stands in stark contrast to the sluggishness of the aluminum extrusion business, reflecting the divergent trends across the company's different business segments. Kobe Steel will continue to advance the overall restructuring of its aluminum business.

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