Mitsubishi Steel Mfg. Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
April 27, 2017
Share
Mitsubishi Steel Mfg. Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017 and provided earnings guidance for the fiscal year ending March 31, 2018. For the year on consolidated basis, the company reported net sales of JPY 103,742 million against JPY 106,539 million a year ago. Operating income was JPY 3,861 million against JPY 4,286 million a year ago. Ordinary income was JPY 3,214 million against JPY 3,286 million a year ago. Net income attributable to owners of parent was JPY 3,504 million against JPY 2,486 million a year ago. Net income per share was JPY 22.78 against JPY 16.16 a year ago. Return on equity was 5.9% against 4.2% a year ago. Ordinary income to total assets was 2.5% against 2.7% a year ago. Operating income to Net Sales were 3.7% against 4.0% a year ago. Cash flows from operating activities were JPY 5,377 million against JPY 3,466 million a year ago. Purchase of property, plant and equipment was JPY 4,784 million against JPY 1,756 million a year ago. Purchase of intangible fixed assets was JPY 542 525 million against JPY 525 million a year ago.
For the year on non-consolidated basis, the company reported net sales of JPY 58,020 million against JPY 58,754 million a year ago. Operating income was JPY 2,210 million against JPY 2,841 million a year ago. Ordinary income was JPY 2,612 million against JPY 3,473 million a year ago. Net income was JPY 3,676 million against JPY 2,635 million a year ago. Net assets per share were JPY 309.97 against JPY 296.23 a year ago.
For the fiscal 2018, the company expects net sales of JPY 110,000, operating income of JPY 4,000 million, Ordinary income of JPY 3,500 million, net income attributable to owners of parent of JPY 3,000 million and net income per share of JPY 19.50.
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, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018