[Translation]
May 11, 2022
To whom it may concern
Company name: NIPPON STEEL TRADING CORPORATION
Representative name: Yasumitsu Saeki, President and Representative Director
(Code No.: 9810, Prime Market of Tokyo Stock Exchange)
Inquiries: Ryutaro Iwanami, General Manager of General Affairs & Corporate Communications Department
(Tel: +81-(0)3-6772-5003)
Notice Regarding Difference Between Full-Year Consolidated Financial Results and Actual Results
for the Previous Fiscal Year, and Dividends of Surplus (Increase in Dividend)
NIPPON STEEL TRADING CORPORATION (the "Company") hereby announces that the difference has arisen between full- year consolidated financial results for the fiscal year ended March 31, 2022 (April 1, 2021 to March 31, 2022) and actual results for the previous fiscal year.
In addition, at its board of directors meeting held on May 11, 2022, the Company resolved to pay dividends of surplus with the record date of March 31, 2022, as described below.
The matter of dividends of surplus is to be proposed for the approval of the 45th Ordinary General Meeting of Shareholders to be held on June 24, 2022.
1. Full-year consolidated financial results
- Difference between the full-year consolidated financial results for the fiscal year ended March 31, 2022 (April 1, 2021 to March 31, 2022) and actual results for the previous fiscal year
(Millions of yen) | |||||||||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable | Earnings per share | |||||||||||
to owners of parent | (Yen) | ||||||||||||||
Actual results for the | |||||||||||||||
previous fiscal year (A) | 1,271,050 | 22,361 | 25,772 | 15,992 | 495.79 | ||||||||||
FYE March 31, 2021 | |||||||||||||||
Financial results for the | |||||||||||||||
current fiscal year (B) | 1,865,907 | 44,627 | 47,810 | 35,417 | 1,098.03 | ||||||||||
FYE March 31, 2022 | |||||||||||||||
Changes (B-A) | 594,857 | 22,265 | 22,038 | 19,424 | |||||||||||
Percentage changes (%) | 46.8 | 99.6 | 85.5 | 121.5 | |||||||||||
- The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the fiscal year ended March 31, 2022. In line with this change, the full- year results ended March 31, 2021 represent the figures after retrospectively applying the accounting standard and relevant ASBJ regulations.
- Reason for the difference
Mainly due to the improvement of the business environment for the Steel Business accompanying the recovery of demand and other factors, the financial results for the fiscal year ended March 31, 2022 have significantly exceeded the actual results for the previous fiscal year.
2. | Year-end dividend | |||||||||
(1) | Details | |||||||||
Resolved amount | Latest projection | Previous-year amount | ||||||||
(announced on February 3, 2022) | (FYE March 31, 2021) | |||||||||
Record date | March 31, 2022 | Same as left | March 31, 2021 | |||||||
Dividends per share (Yen) | 190.00 | 160.00 | 110.00 | |||||||
Total dividends | 6,129 | - | 3,548 | |||||||
(Millions of yen) | ||||||||||
Effective date | June 27,2022 | - | June 30, 2021 | |||||||
Source of dividends | Retained earnings | - | Retained earnings | |||||||
- Reason
In the actual results for the fiscal year ended March 31, 2022, profit attributable to owners of parent exceeded the earnings projections announced on February 3, 2022. Therefore, the Company has decided to increase the year-end dividend by ¥30 from the last projection to ¥190 per share.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Nippon Steel & Sumikin Bussan Corporation published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 07:21:08 UTC.