Nisshin Steel Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the period, on consolidated basis, the company reported net sales of JPY 525,563 million against JPY 547,026 million a year ago. Operating profit was JPY 7,834 million against JPY 10,087 million a year ago. Profit attributable to owner of parent was JPY 1,672 million or JPY 15.26 per share against loss of JPY 6,613 million or JPY 60.33 per share a year ago. Cash flows from
operating activities was JPY 57,591 million. ROE was 0.8% against negative 2.8% a year ago. ROA was 0.8% against 0.8 a year ago.


For the period, on non-consolidated basis, the company reported net sales of JPY 397,764 million against JPY 418,393 million a year ago. Operating profit was JPY 1,706 million against JPY 5,373 million a year ago. Net profit was JPY 3,302 million or JPY 30.08 per share against JPY 5,886 million or JPY 53.62 per share a year ago.

The company announced a fiscal year dividend of ¥5 per share for the fiscal year ended March 31, 2017 against ¥25 per share paid a year ago. Scheduled date to commence dividend payments is June 6, 2017.