Net Sales
In addition to commodity prices such as steel materials, non-ferrous metals, and crude oil remaining at high levels due to high resource prices, growing business at overseas sales subsidiaries contributed to these results that reached record highs.
Ordinary Income / Net Income Attributable to Owners of the Company
In addition to the increase in operating income, income increased significantly and reached record highs due to dividend income from strategic investments, etc., and an increase in equity in the earnings of affiliates in the primary metal business segment.
FY2021
FY2022
Y on Y Change
（Billions of yen）
Full year
Full year
(Y on Y Rate)
Net Sales
2,164.0
2,668.2
+504.1
+23%
Gloss Profit
119.0
128.5
+9.5
+8%
Operating Income
62.3
64.1
+1.7
+3%
Ordinary Income
62.7
64.2
+1.5
+2%
Net Income Attributable to
43.6
51.5
+7.8
Owners of the Company
+18%
*Since the beginning of the fiscal year 2021, the Company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29).
Both net sales and income reached record highs in two consecutive years.
(billions of yen)
Net Sales
2,668.2
1,907.4
2,164.0
1,329.3
1,745.5
1,183.7
Net Income Attributable
H2
to Owners of the Company
H1
51.5
43.6
14.4
22.7
961.4 944.4
946.0 801.0 980.3
1,338.9
19.6
37.1
12.8
20.9
5.1
6.8
(18.8)
(13.6)
FY2019 FY2020 FY2021 FY2022
*Since the beginning of the fiscal year 2021, the Company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29).
The reported ordinary income was 64.2 billion yen but can be translated into about 61.3 billion yen after excluding one-time factors such as period-end valuation gains and losses.
Hanwa Co. Ltd. published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2023 07:19:09 UTC.
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
