Nisshin Steel Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the six months, the company reported net sales of ¥251,700 million compared to ¥276,759 million, operating income of ¥4,286 million compared to ¥6,336 million, ordinary income of ¥1,036 million compared to ¥5,455 million and profit attributable to owners of parent of ¥32 million or ¥0.30 per share compared to ¥2,007 million or ¥18.31 per share for the last year.

The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of ¥561,000 million, operating income of ¥11,000 million, ordinary income of ¥7,500 million and profit attributable to owners of parent of ¥3,000 million or ¥27.37 per share.

For the second quarter of fiscal 2017, the company announced dividend of ¥0.00 per share compared to ¥15.00 per share in last year.