Company Name: | |
Representative Name: | Kosei Shindo |
Representative Director and President | |
Stock listing: | First Section of Tokyo Stock Exchange, and |
Nagoya, Sapporo and Fukuoka Stock Exchanges | |
Code Number: | 5401 |
Contact | Public Relations Center, General Administration |
Div. | |
Telephone | +81-3-6867-2135 |
Nippon Steel & Sumitomo Metal Corporation
Announcement Concerning Differences between Subsidiary's Non-Consolidated Financial
Results for Fiscal 2017 and the Previous Results
Today, Nisshin Steel Co., Ltd., a subsidiary of Nippon Steel & Sumitomo Metal Corporation, announced the differences between its non-consolidated financial results for fiscal 2017 and the previous results, as per the attachment.
Attachment
Company Name: | Nisshin Steel Co., Ltd. |
Representative Name: | Kinya Yanagawa |
Representative Director and President | |
(Code Number: 5413, First Section of the TSE) | |
Contact: | Hirokazu Kuwasako, Executive Officer, |
General Manager, General Administration Dept. | |
(Telephone: +81-3-3216-5566) |
Announcement Concerning Differences between Consolidated Financial Results for Fiscal 2017 and their Forecasts and Differences between Non-Consolidated Financial Results for
Fiscal 2017 and the Previous Results
Nisshin Steel Co., Ltd. (the "Company") hereby reports the differences between the actual consolidated financial results for fiscal 2017 ended March 31, 2018 and the previous forecasts which were released at the time of the earnings announcement for the first nine months of fiscal 2017 ended March 31, 2018 (on February 1, 2018).
The Company also reports the differences between the actual non-consolidated financial results for fiscal 2017 ended March 31, 2018 and the previous results for fiscal 2016 ended March 31, 2017.
1.
Differences between the actual consolidated financial results for fiscal 2017 (April 1, 2017 - March 31, 2018) and the previous forecasts
Net sales (Million yen) | Operating profit (Million yen) | Ordinary profit (Million yen) | Profit attributable to owners of parent (Million yen) | Earnings per share (Yen) | |
Previous forecasts (A) | 615,000 | 17,500 | 18,000 | 10,000 | 91.23 |
Actual results (B) | 614,196 | 17,801 | 18,873 | 13,014 | 118.74 |
Increase/Decrease (B-A) | (803) | 301 | 873 | 3,014 | |
Change (%) | (0.1) | 1.7 | 4.9 | 30.1 | |
(For reference) Results for fiscal 2016 ended March 31, 2017 | 525,563 | 7,834 | 5,998 | 1,672 | 15.26 |
2.
Differences between the actual non-consolidated financial results for fiscal 2017 (April 1, 2017 - March 31, 2018) and the previous results
Net sales (Million yen) | Operating profit (Million yen) | Ordinary profit (Million yen) | Net profit (Million yen) | Earnings per share (Yen) | |
Results for fiscal 2016 ended March 31, 2017 (A) | 397,764 | 1,706 | 2,750 | 3,302 | 30.08 |
Results for fiscal 2017 ended March 31, 2018 (B) | 463,448 | 7,584 | 8,269 | 1,629 | 14.84 |
Increase/Decrease (B-A) | 65,684 | 5,878 | 5,519 | (1,673) | |
Change (%) | 16.5 | 344.4 | 200.7 | (50.7) |
3.
Reasons for the differencesWith regard to the consolidated financial results for fiscal 2017 ended March 31, 2018, due to improvement in sales prices, recording of deferred-tax assets and other factors, profit attributable to owners of parent increases by 3,014 million yen compared to the previous forecasts.
With regard to the non-consolidated financial results for fiscal 2017 ended March 31, 2018, due to changes in sales prices associated with the increase in raw material prices and other factors, net sales increases by 65,684 million yen compared to the previous results.
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Nippon Steel & Sumitomo Metal Corporation published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 04:43:01 UTC