NIPPON STEEL NISSHIN CO., LTD. February 2, 2016
Overview
At home, amid slow demand recovery in the automotive and other sectors, inventory adjustment lagged. Abroad, operating environment remained severe with China's widening supply-demand gap depressing the Asian steel market and reducing exports.
Under such circumstances, we kept on tailoring our production and sales to demand for promoting steel inventory optimization. Our crude steel output totaled
2.86 million tons, sales 2.62 million tons and consolidated sales stood at ¥40.99 billion.
Meantime, ordinary income was down to ¥4.5 billion, negatively impacted by inventory valuation loss due to falling iron ore and other raw materials prices. Excluding this factor, the income read ¥14.5billion, substantially the same as the previous period.
Our stainless steel business did not perform well. The Ni market remained dull for an extended period and caused inventory valuation loss. In addition, business results of our group companies - particularly overseas firms - were lackluster. As a result, ordinary loss came to ¥8 billion and with the valuation loss excluded,
¥2 billion.
（Billions of yen）
No | FY2016 | FY2015 Apr-Dec (Actual) f | ||||||
1st half | 2nd half Oct-Dec (Actual) d | (Actual) e | ||||||
Apr-Jun (Actual) a | Jul-Sep (Actual) b | (Actual) c | ||||||
Net sales | 1 | 137.2 | 139.5 | 276.7 | 133.2 | 409.9 | 459.7 | |
Operating income | 2 | 1.0 | 5.3 | 6.3 | 0.6 | 6.9 | 15.4 | |
Ordinary income | Ordinary steel / Special steel | 3 | 3.8 | 5.6 | 9.4 | 3.1 | 12.5 | 12.5 |
Stainless steel | 4 | (2.0) | (2.0) | (4.0) | (4.0) | (8.0) | 4.5 | |
Total | 5 | 1.8 | 3.6 | 5.4 | (0.9) | 4.5 | 17.0 | |
Profit attributable to owners of parent | 6 | 1.2 | 0.8 | 2.0 | (2.0) | 0.0 | 12.9 | |
Difference | |
（ⅰ） e-f | （ⅱ） d-b |
(49.8) | (6.3) |
(8.5) | (4.7) |
0.0 | (2.5) |
(12.5) | (2.0) |
(12.5) | (4.5) |
(12.9) | (2.8) |
Inventory evaluation | Ordinary steel / Special steel | 7 | (1.0) | (1.0) | (2.0) | (2.0) | (4.0) | (1.0) |
Stainless steel | 8 | (1.5) | (1.5) | (3.0) | (3.0) | (6.0) | 3.5 | |
Total | 9 | (2.5) | (2.5) | (5.0) | (5.0) | (10.0) | 2.5 | |
(3.0) | (1.0) |
(9.5) | (1.5) |
(12.5) | (2.5) |
No | FY2016 | FY2015 Apr-Dec (Actual) f | ||||||
1st half | 2nd half Oct-Dec (Actual) d | (Actual) e | ||||||
Apr-Jun (Actual) a | Jul-Sep (Actual) b | (Actual) c | ||||||
Crude steel production (10,000tons) | Ordinary steel / Special steel | 1 | 79 | 79 | 158 | 78 | 236 | 248 |
Stainless steel | 2 | 15 | 19 | 34 | 16 | 50 | 55 | |
Total | 3 | 94 | 98 | 192 | 94 | 286 | 303 | |
Sales volume (10,000tons) | Ordinary steel / Special steel | 4 | 74 | 76 | 150 | 75 | 225 | 238 |
Stainless steel | 5 | 12 | 13 | 25 | 12 | 37 | 45 | |
Total | 6 | 86 | 89 | 175 | 87 | 262 | 283 | |
Average sales price of steel products(1,000yen/tons) | 7 | 124 | 120 | 122 | 114 | 119 | 127 | |
Export ratio(monetary basis;%) | 8 | 17 | 16 | 16 | 14 | 16 | 17 | |
Export exchange rate(yen/US$) | 9 | 121 | 122 | 122 | 121 | 122 | 106 | |
Difference | |
（ⅰ） e-f | （ⅱ） d-b |
(12) | (1) |
(5) | (3) |
(17) | (4) |
(13) | (1) |
(8) | (1) |
(21) | (2) |
(8) | (6) |
(1) | (2) |
16 | (1) |
Nisshin Steel Co. Ltd. issued this content on 02 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 February 2016 08:12:22 UTC
Original Document: http://v4.eir-parts.net/v4Contents/View.aspx?template=ir_material_for_fiscal_ym&sid=22543&code=5413
