Nisshin Steel Co., Ltd. reported consolidated earnings results for the fiscal year ended March 31, 2016. For the period, the company's net sales were ¥547.0 billion against ¥617.5 billion a year ago. Operating income was ¥10.0 billion against ¥21.0 billion a year ago. Ordinary income was ¥6.2 billion against ¥19.6 billion a year ago. Loss attributable to owners of parent was ¥6.6 billion against profit of ¥16.9 billion a year ago. Cash flows from operating activities were ¥50.5 billion against ¥39.3 billion a year ago. Acquisition of property, plant and equipment was ¥24.8 billion. Capital expenditures (Tangible) were ¥28.8 billion against ¥30.1 billion a year ago.

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.