１. Outline of FY2022/1～3Q Result Ordinary income : 20.7 billion yen (+6.2 billion yen)
Profit on YOY basis increased due to improved profit margin at Sanyo and OVAKO which includes transient factors, through increasing sales prices and improving product mix, partly offset by increase of raw material and fuel prices.
(OVAKO's results and Amortization of goodwill in FY21/1-3Q include 12 months (Jan.-Dec. 2021), due to the change of fiscal year end)
(Reference) FY22/1~3Q Sales Volume･･･for OVAKO; Apr. to Dec. 2022, for SSMI; Jan. to Sep. 2022
FY22/1~3Q (A)
FY21/1~3Q (B)
Change (B) → (A)
Sales Volume
1,210
(per month)134.5
1,542
(per month)152.1
-331
(per month) -17.6
(Thousand tons)
(Sanyo)
681
75.7
763
84.8
-82
-9.1
(OVAKO)
451
50.1
Jan.-Mar. 178
691
57.6
-240
-7.5
Apr.-Dec. 513
(SSMI)*1
78
8.7
88
9.7
-9
-1.1
2. Statements of Income (FY22/1～3Q vs. FY21/1～3Q)
(Unit：Billion yen)
FY22/1~3Q (A)
FY21/1~3Q (B)
Change (B) → (A)
Amount
Ratio(%)
Amount
Ratio(%)
Amount
Ratio(%)
Net Sales
294.4
100.0
269.3
100.0
+25.1
+9.3
Operating Income
20.4
6.9
14.4
5.4
+6.0
+41.8
Ordinary Income
20.7
ROS
7.0
14.5
ROS
5.4
+6.2
+42.3
(Sanyo)
9.5
6.5
7.5
6.1
+2.0
+26.4
(OVAKO)
13.9
11.0
Jan.-Mar. 2.5
8.6
6.7
+5.3
+61.2
Apr.-Dec. 6.1
(SSMI)*1
-0.4
－
0.3
2.7
-0.7
－
(Amortization of goodwill)
-2.2
－
Jan.-Mar.-0.7
-2.7
－
+0.5
－
Apr.-Dec.-2.0
Net Income*2
14.8
5.0
10.2
3.8
+4.6
+45.3
Net Income
16.9
5.8
12.9
4.8
+4.1
+31.8
before amortization of goodwill
(*1) SSMI has changed its name from MSSS in June, 2022. (*2) Profit attributable to owners of parent
Influence of destocking in the supply chain in addition to reduction of auto production partly due to semiconductor shortage have continued. Production for construction and industrial machineries also entered into an adjustment phase. The impact of inflation on the global economy is increasingly becoming a concern.
Raw Material
and Fuel Prices
Raw material price trend still remains high, though the depreciation of the yen has calmed down to some extent. Energy prices have continued to rise, hence electricity prices are also expected to continue to rise further.
■Volume of order booked (Specialty steel products)
■Raw Material and Fuel Prices (FY20/1Q＝100)
(thousand tons）
Source: The Japan Iron and Steel Federation
350
Scrap iron(market)
6,000
200%
5,000
Exports
Domestic
Year-on-year rate
150%
Chromium
Nickel
297
4,000
100%
300
Electricity
3,000
50%
LNG
270
283
* Based on purchase price
263
264
252
252
2,000
0%
250
251
246
1,000
-50%
239
230
221
231
0
-100%
223
201
222
200
217
221
208
* FY2022/3Q: Sanyo calculated at 1.5 times the total of Oct. and Nov.
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Sanyo Special Steel Co. Ltd. published this content on 01 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2023 08:27:01 UTC.
Sanyo Special Steel Co., Ltd. is a Japan-based company mainly engaged in the steel, special material and forging businesses. The Company has three business segments. The Steel segment is engaged in the manufacture and sale of bearing steel, steel for machine architecture, stainless steel, heat-resistant steel and tool steel, among others. The Power segment is engaged in the manufacture and sale of metal powder products. The Forging segment is engaged in the manufacture and sale of forging products made from special bar steel and steel pipes. The Company is also involved in the provision of support services for business operation, such as information processing, security and facility management services.
SANYO SPECIAL STEEL CO., LTD. 
