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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kobe Steel's retained earnings for the quarter that ended in Mar. 2026 was €3,756 Mil.
Kobe Steel's quarterly retained earnings
declined
from Sep. 2025 (€3,884 Mil) to Dec. 2025 (€3,723 Mil) but then
increased
from Dec. 2025 (€3,723 Mil) to Mar. 2026 (€3,756 Mil).
Kobe Steel's annual retained earnings
increased
from Mar. 2024 (€3,371 Mil) to Mar. 2025 (€3,928 Mil) but then
declined
from Mar. 2025 (€3,928 Mil) to Mar. 2026 (€3,756 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Kobe Steel Retained Earnings Historical Data
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The historical data trend for Kobe Steel's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Kobe Steel (FRA:KST) has a Retained Earnings of €3,756 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Kobe Steel and its competitors.
Is Kobe Steel's Retained Earnings too high?
Kobe Steel's current Retained Earnings is €3,756 Mil. Overall, Kobe Steel has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kobe Steel's Retained Earnings compare to NUE and STLD?
Kobe Steel's Retained Earnings of €3,756 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Steel company?
A good Retained Earnings depends on the Steel industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Kobe Steel and its competitors. Kobe Steel's current Retained Earnings is €3,756 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobe Steel stock overvalued right now?
Based on GuruFocus' analysis, Kobe Steel (FRA:KST) is currently considered Fairly Valued. The stock's GF Value™ is €9.47, compared to a current price of €10.23 — trading 8% above its estimated fair value. The current Retained Earnings is €3,756 Mil. Kobe Steel's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Kobe Steel (FRA:KST), the current Retained Earnings is €3,756 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kobe Steel (FRA:KST) Overvalued in 2026?
Based on GuruFocus' analysis, Kobe Steel stock appears to be overvalued.
The current stock price of €10.23 is trading 8% above its estimated GF Value™ of €9.47.
GuruFocus considers Kobe Steel to be Fairly Valued.
Key valuation signals for FRA:KST:
Retained Earnings: €3,756 Mil
GF Value™: €9.47 vs. price of €10.23 (8% above fair value)
No single metric tells the full story. See the FRA:KST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobe Steel Ltd engages in the manufacture, production, and sale of iron and steel. The company operates through seven segments. The Construction Machinery segment offers excavators, cranes, loaders, and workboats. Electric Power supplies electricity through group companies. Engineering handles plants for steel, petrochemicals, nuclear, water, and waste treatment, along with civil engineering and transport systems. Machinery provides compressors, engines, refrigeration, heat pumps, chemical and rubber machinery, and specialty materials. Materials include steel, aluminum, titanium, copper, and forged products. Steel & Aluminum delivers rolled products, plates, wires, and special steels, while Welding covers electrodes, flux, robots, power sources, and related services.
77GF Score
Get the complete analysis for FRA:KST
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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