Sanyo Special Steel Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Non-Consolidated Earnings Guidance for the Year and Consolidated Earnings Guidance for the Third Quarter, Fourth Quarter and Second Half of Fiscal Year Ending March 31, 2020
January 31, 2020 at 01:00 am
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Sanyo Special Steel Co., Ltd. revised consolidated and non-consolidated earnings guidance for the year ending March 31, 2020. For the year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 260,000 million compared to previous guidance of JPY 277,000 million; operating loss expects to JPY 1,900 million compared to previous guidance of income of JPY 4,000 million; and net loss attributable to owners of the parent of JPY 2,800 million or JPY 50.57 loss per share compared to previous guidance of income of JPY 1,600 million or JPY 28.89 per share. Sales volume of 1,616,000 tons.
For the year ending March 31, 2020, on non-consolidated basis, the company expects net sales of JPY 132,000 million; operating income expects to JPY 3,100 million; and net income of JPY 2,500 million or JPY 45.16 per share.
For the third quarter of fiscal 2020, the consolidated company expects net sales of JPY 57.6 billion, operating loss of JPY 1.1 billion, net loss of JPY 1.3 billion. Sales volume of 381,000 tons.
For the fourth quarter of fiscal 2020, the consolidated company expects net sales of JPY 56.3 billion, operating loss of JPY 3.4 billion, net loss of JPY 2.8 billion. Sales volume of 333,000 tons.
For the second half of fiscal 2020, the consolidated company expects net sales of JPY 113.9 billion, operating loss of JPY 4.5 billion, net loss of JPY 4.2 billion. Sales volume of 714,000 tons.
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. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Non-Consolidated Earnings Guidance for the Year and Consolidated Earnings Guidance for the Third Quarter, Fourth Quarter and Second Half of Fiscal Year Ending March 31, 2020