February 3, 2017

Overview

  • Japan's economy was on a moderate recovery path thanks mainly to higher corporate earnings, improved employment and income environment along with signs of recovery in corporate production activities.

    • Brisk business with such sectors as automotive and construction industries kept domestic steel demand firm and steel inventories adequate.

    • Meantime in the international arena, even though some progress was made to curb excessive production capacity of China, crude steel output and steel exports still moved at high levels and uncertainties lingered.

    • Under such circumstances, the Nisshin Steel Group proactively worked to implement diverse programs set out in the 24th Medium-term Management Plan, which entered its final year.

    • The raw materials market became soft and yen was appreciated from the previous fiscal year through the first half of the current fiscal year but the coal prices surged in the latter part. In addition, production costs rose as the priority was given to stable operation of production equipment, and ordinary income totaled ¥2.3 billion (down ¥2.2 billion year on year).

（Billions of yen）

No

FY2017

FY2016

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

119.4

132.3

251.7

130.0

381.7

409.9

Operating income

2

0.2

4.0

4.2

1.5

5.7

6.9

Ordinary income

Ordinary steel /

Special steel

3

1.2

3.3

4.5

3.3

7.8

12.5

Stainless steel

4

(2.5)

(1.0)

(3.5)

(2.0)

(5.5)

(8.0)

Total

5

(1.3)

2.3

1.0

1.3

2.3

4.5

Profit attributable to owners of parent

6

(1.5)

1.5

0.0

0.2

0.2

0.0

Difference

（ⅰ）

e-f

（ⅱ）

d-b

(28.2)

(2.3)

(1.2)

(2.5)

(4.7)

0.0

2.5

(1.0)

(2.2)

(1.0)

0.2

(1.3)

Inventory evaluation

Ordinary steel / Special steel

7

(1.5)

(1.0)

(2.5)

2.0

(0.5)

(4.0)

Stainless steel

8

(1.5)

(2.0)

(3.5)

0.5

(3.0)

(6.0)

Total

9

(3.0)

(3.0)

(6.0)

2.5

(3.5)

(10.0)

3.5

3.0

3.0

2.5

6.5

5.5

No

FY2017

FY2016

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

68

79

147

76

223

236

Stainless steel

2

18

17

35

14

49

50

Total

3

86

96

182

90

272

286

Sales volume

(10,000tons)

Ordinary steel / Special steel

4

70

79

149

76

225

225

Stainless steel

5

12

15

27

12

39

37

Total

6

82

94

176

88

264

262

Average sales price of steel

products(1,000yen/tons)

7

109

106

108

106

107

119

Export ratio(monetary basis;%)

8

15

15

15

15

15

16

Export exchange rate(yen/US$)

9

108

102

105

109

106

122

Difference

（ⅰ） e-f

（ⅱ） d-b

(13)

(3)

(1)

(3)

(14)

(6)

0

(3)

2

(3)

2

(6)

(12)

0

(1)

0

(16)

7

Nisshin Steel Co. Ltd. published this content on 03 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 February 2017 06:52:11 UTC.

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