Mitsubishi Steel Mfg. Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months of Fiscal Year 2019 and Fiscal Year Ending March 31, 2019
April 26, 2018
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Mitsubishi Steel Mfg. Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year on consolidated basis, the company reported net sales of JPY 118,742 million against JPY 103,742 million a year ago. Operating income was JPY 3,219 million against JPY 3,861 million a year ago. Ordinary income was JPY 2,837 million against JPY 3,214 million a year ago. Income before income taxes was JPY 5,830 million against JPY 5,370 million a year ago. Net income attributable to owners of parent was JPY 2,904 million against JPY 3,504 million a year ago. Net income per share was JPY 118.79 against JPY 227.78 a year ago. Return on equity was 4.7% against 5.9% a year ago. Cash flows used in operating activities were JPY 4,520 million against cash flow from operating activity of JPY 5,377 million a year ago. Purchase of property, plant and equipment was JPY 5,088 million against JPY 4,784 million a year ago. Purchase of intangible fixed assets was JPY 277 million against JPY 542 million a year ago.
For the year on non-consolidated basis, the company reported net sales of JPY 70,986 million against JPY 58,020 million a year ago. Operating income was JPY 2,918 million against JPY 2,210 million a year ago. Ordinary income was JPY 2,847 million against JPY 2,612 million a year ago. Net income was JPY 2,731 million against JPY 3,676 million a year ago. Net assets per share were JPY 3,226.58 against JPY 3,099.72 a year ago.
For the six months of fiscal year ending March 31, 2019, the company expects consolidated net sales of JPY 65,000, operating income of JPY 1,300 million, ordinary income of JPY 900 million, net income attributable to owners of parent of JPY 700 million and net income per share of JPY 45.50.
For the fiscal year ending March 31, 2019, the company expects consolidated net sales of JPY 140,000, operating income of JPY 5,000 million, Ordinary income of JPY 4,500 million, net income attributable to owners of parent of JPY 3,000 million and net income per share of JPY 194.99.
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.
Mitsubishi Steel Mfg. Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months of Fiscal Year 2019 and Fiscal Year Ending March 31, 2019
MITSUBISHI STEEL MFG. CO., LTD. 
