Sanyo Special Steel Co., Ltd. Reports Earnings Results for the Nine Months Ended December 2017; Reaffirms Earnings Guidance for the Full Year Ending March 31, 2018
February 01, 2018
Share
Sanyo Special Steel Co., Ltd. reported earnings results for the nine months ended December 2017. For the period, the company reported net sales of JPY 115.6 billion against JPY 101.4 billion a year ago. Operating income was JPY 9.2 billion against JPY 8.5 billion a year ago. Ordinary income was JPY 9.1 billion against JPY 8.7 billion a year ago. Net income was JPY 1 6.0 billion against JPY 5.8 billion a year ago. ROE was 6.4% against 6.7% a year ago. ROS was 7.9% against 8.5% a year ago. ROA was 6.3% against 6.5% a year ago. Interest-bearing Debt (Net) was 25.8% against 12.7% a year ago. Net income per share was JPY 186.9 against JPY 241.5 a year ago. Net assets per share were JPY 3,968 against JPY 3,797 a year ago.
The company reaffirmed earnings guidance for the full year ending March 31, 2018. For the period, the company expects net sales of JPY 150.0 billion, operating income of JPY 11.8 billion, ordinary income of JPY 11.8 billion and net Income of 7.8 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. Reports Earnings Results for the Nine Months Ended December 2017; Reaffirms Earnings Guidance for the Full Year Ending March 31, 2018