For Immediate Release

October 27, 2017

Company name:

Nippon Steel & Sumitomo Metal Corporation

Representative:

Kosei Shindo, Representative Director and President

Code number:

5401

Contact:

Fumiaki Ohnishi, General Manager, Public Relations Center

Telephone:

+81-3-6867-2130

Announcement of Revision in Forecasts for Performance

Nippon Steel & Sumitomo Metal Corporation ("the Company") hereby reports the following revisions in its consolidated financial forecasts for the fiscal year ending March 31, 2018, which were released at the time of the announcement of results for the first quarter of fiscal 2017 (on July 28, 2017).

  1. Consolidated operating results for fiscal 2017 (April 1, 2017―March 31, 2018)

    (Millions of yen, except per share figures)

    Net sales

    Ordinary profit

    Profit attributable to owners of parent

    Earnings per share (¥)

    Previous forecasts (A)

    －

    300,000

    －

    －

    Revised forecasts (B)

    5,600,000

    300,000

    170,000

    193.0

    Change (B-A)

    －

    0

    －

    % change

    －

    0

    －

    (For reference)

    Actual for the previous fiscal year

    ended March 31, 2017(C)

    4,632,890

    174,531

    130,946

    147.97

    Change (B-C)

    967,109

    125,468

    39,053

    % change

    20.9

    71.9

    29.8

  2. Reason for the Revision

At the time of the previous quarterly result announcement, only ordinary profit of a full-year forecast for fiscal 2017 had been posted. At this time, based on current economic trends, the Company announces full-year forecasts for fiscal 2017.

Nippon Steel & Sumitomo Metal Corporation published this content on 27 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 October 2017 06:12:04 UTC.

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