Sanyo Special Steel Co. Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Full Year of 2017
July 27, 2016
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Sanyo Special Steel Co. Ltd. announced consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of JPY 149,148 million compared to JPY 171,495 million a year ago. Ordinary income was JPY 11,540 million compared to JPY 9,735 million a year ago. Income before income taxes was JPY 11,131 million compared to JPY 10,248 million a year ago. Net income attributable to owners of the parent was JPY 7,417 million or JPY 46.00 per share compared to JPY 6,548 million or JPY 40.60 per share a year ago. Net cash provided by operating activities was JPY 28,771 million compared to JPY 20,698 million a year ago. Acquisition of property, plant and equipment was JPY 7,089 million compared to JPY 7,113 million a year ago. Acquisition of intangible assets was JPY 413 million compared to JPY 313 million a year ago. ROE was 6.6% compared to 6.1% a year ago. ROA was 6.0% compared to 4.8% a year ago.
The company provided earnings guidance for the full year of 2017. For the year, the company reported net sales of JPY 200.0 billion, operating income of JPY 15.0 billion, ordinary income of JPY 15.0 billion, net income of JPY 9.0 billion, ROE of 7.5%, depreciation of JPY 10.0 billion and EBITDA of JPY 25.0 billion.
Sanyo Special Steel Co., Ltd. is a Japan-based company mainly engaged in the steel, special material and forging businesses. The Company has three business segments. The Steel segment is engaged in the manufacture and sale of bearing steel, steel for machine architecture, stainless steel, heat-resistant steel and tool steel, among others. The Power segment is engaged in the manufacture and sale of metal powder products. The Forging segment is engaged in the manufacture and sale of forging products made from special bar steel and steel pipes. The Company is also involved in the provision of support services for business operation, such as information processing, security and facility management services.
Sanyo Special Steel Co. Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Full Year of 2017