Nisshin Steel Co., Ltd. Reports Production and Consolidated Earnings Results for the Fiscal Year Ended March 31, 2016; Provides Production and Earnings Outlook for the First Half, Second Half and Full Year of Fiscal 2017
Total crude steel production was 3,790,000 tons against 3,850,000 tons for same period a year ago.
For the fiscal year 2017, the company expects net sales of ¥521 billion, operating income of ¥25.5 billion, ordinary income of ¥20.0 billion and profit attributable to owners of parent of ¥14.5 billion.
For the first half of fiscal year 2017, the company expects net sales of ¥254 billion, operating income of ¥9.0 billion, ordinary income of ¥5.0 billion and profit attributable to owners of parent of ¥3.0 billion.
For the second half of fiscal year 2017, the company expects net sales of ¥267 billion, operating income of ¥16.5 billion, ordinary income of ¥15.0 billion and profit attributable to owners of parent of ¥11.5 billion.
For the fiscal year 2017, the company expects total crude steel production of 3,920,000 tons.
For the first half of fiscal year 2017, the company expects total crude steel production of 1,980,000 tons.
For the second half of fiscal year 2017, the company expects total crude steel production of 1,940,000 tons.