NIPPON STEEL CORPORATION February 2, 2017
Company name: | Nippon Steel & Sumitomo Metal Corporation |
Representative: | Kosei Shindo, Representative Director and President |
Code number: | 5401 |
Contact: | Fumiaki Ohnishi, General Manager, Public Relations Center |
Telephone: | +81-3-6867-2130 |
Nippon Steel & Sumitomo Metal Corporation ("the Company") hereby reports the following revisions in its consolidated financial forecasts for the fiscal year ending March 31, 2017, which were released at the time of the announcement of results for the first half of fiscal 2016 (on November 1, 2016).
Consolidated operating results for fiscal 2016 (April 1, 2016―March 31, 2017)(Millions of yen, except per share figures)
Net sales | Ordinary profit | Profit attributable to owners of parent | Earnings per share (¥) | |
Previous forecasts (A) | 4,550,000 | 130,000 | 60,000 | 68.00 |
Revised forecasts (B) | 4,550,000 | 130,000 | 80,000 | 90.00 |
Change (B-A) | 0 | 0 | 20,000 | |
% change | 0 | 0 | 33.3 | |
(For reference) Actual for the previous fiscal year ended March 31, 2016 | 4,907,429 | 200,929 | 145,419 | 158.72 |
The Company's profit attributable to owners of parent forecasts increased due to the uptrend in affiliates' profit.
Note: The Company carried out the share consolidation at the ratio of 10 shares to 1 share effective October 1, 2015. In accordance with it, earnings per share are calculated based on the assumption that the share consolidation had been carried out at the beginning of the previous fiscal year.
Nippon Steel & Sumitomo Metal Corporation published this content on 02 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 February 2017 06:12:04 UTC.
Original documenthttp://www.nssmc.com/en/ir/library/pdf/20170202_300.pdf
Public permalinkhttp://www.publicnow.com/view/B10831D22F75E05A26CFFD61B26023F5B1F9878F
