Kobe Steel has admitted to shipping aluminum and copper that fell outside specifications set by its customers. Photo: Kiyoshi Ota/Bloomberg NewsTOKYO— Kobe Steel Ltd. KBSTY 3.58% on Monday withdrew its full-year profit guidance and said it wouldn’t pay an interim dividend, as it prepares for a potential blow to earnings from a product-quality scandal. The company reported net profit of ¥39.3 billion ($346 million) for the first six months of the financial year ending in March, beating its forecast of ¥25 billion, as its steel business recovered.

Source: Wall Street Journal October 30, 2017 07:53 UTC