Mitsubishi Steel Manufacturing Co. Ltd. Reports Audited Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016
May 25, 2016 at 12:23 am
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Mitsubishi Steel Manufacturing Co. Ltd. reported audited consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company's net sales were ¥106,539 million against ¥118,739 million a year ago. Operating income was ¥4,286 million against ¥4,933 million a year ago. Ordinary income was ¥3,286 million against ¥5,824 million a year ago. Income before tax was ¥2,769 million. Profit attributable to owners of parent was ¥2,486 million or ¥16.16 per share against ¥3,545 million or ¥23.03 per share a year ago.
For the year, on non-consolidated basis, the company's net sales were ¥58,754 million against ¥69,540 million a year ago. Operating income was ¥2,841 million against ¥3,411 million a year ago. Ordinary income was ¥3,473 million against ¥3,345 million a year ago. Income before tax was ¥2,132 million. Profit was ¥2,635 million or ¥17.13 per share against ¥1,700 million or ¥11.05 per share a year ago.
Mitsubishi Steel Mfg. Co Ltd is a Japan-based company principally engaged in the manufacture and sale of speciality steel products, springs, fabricated materials and equipment. The Company operates through four segments. The Specialty Steel Products segment manufactures and sells speciality steel products such as carbon steel, low alloy steel, spring steel, and bearing steel. The Spring segment manufactures and sells coil springs, stabilizers, leaf springs, and coiled wave springs. The Fabricated Materials segment is engaged in the manufacture and sale of special alloy powders, fine powders, precision castings, and cast steel products. The Equipment and Device segment manufactures and sells forging machines, industrial machinery, steel structures, and environmental recycling equipment. The Company is also engaged in marine transportation, truck transportation, and warehousing businesses.