Flash Report
Consolidated Basis
Results for the First Quarter of Fiscal 2021 | |
(April 1, 2021―June 30, 2021) | |
<under IFRS> | |
August 3, 2021 | |
Company name: | Nippon Steel Corporation |
Stock listing: | Tokyo, Nagoya, Sapporo, Fukuoka stock exchanges |
Code number: | 5401 |
URL: | https://www.nipponsteel.com/en/index.html |
Representative: | Eiji Hashimoto, Representative Director and President |
Contact: | Shinnosuke Arita, General Manager, Public Relations Center |
Telephone: | +81-3-6867-2135, 2146, 2977, 3419 |
Scheduled date to submit Securities Report: | August 6, 2021 |
Scheduled date to pay dividends: | - |
Preparation of supplemental explanatory materials: | Yes |
Holding of quarterly financial results meeting: | Yes (for investment analysts) |
(All amounts have been truncated to the nearest millions of Japanese yen.)
1. Consolidated Operating Results and Financial Position through the First Quarter of Fiscal 2021 (April 1, 2021―June 30, 2021)
(1) Consolidated Operating Results (Accumulated)
(Percentage figures are changes from the same period of the previous fiscal year.)
Revenue | Business profit (*) | Operating profit | Profit before | Profit | |||||||||
income taxes | |||||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | ||||
yen | yen | yen | yen | yen | |||||||||
First quarter of Fiscal 2021 | 1,503,151 | 32.8 | 217,024 | ― | 256,341 | ― | 250,382 | ― | 172,306 | ― | |||
First quarter of Fiscal 2020 | 1,131,604 | (25.7) | (27,510) | ― | (27,510) | ― | (32,577) | ― | (41,422) | ― | |||
Profit attributable to | Total comprehensive | Basic earnings | Diluted earnings | ||||||||||
owners of the parent | income | per share | per share | ||||||||||
Millions of | % | Millions of | % | Yen | Yen | ||||||||
yen | yen | ||||||||||||
First quarter of Fiscal 2021 | 162,129 | ― | 234,367 | ― | 176.08 | ― | |||||||
First quarter of Fiscal 2020 | (42,071) | ― | (91,911) | ― | (45.69) | ― |
(*)Business Profit on Consolidated Statements of Profit or Loss indicates the results of sustainable business activities, and is an important measure to compare and evaluate the Company's consolidated performance continuously. It is defined as being deducted Cost of sales, Selling, general and administrative expenses and Other operating expenses from Revenue, and added Share of profit in investments accounted for using the equity method and Other operating income. Other operating income and expenses are composed mainly of Dividend income, Foreign exchange gains or losses, Loss on disposal of fixed assets.
(2) Consolidated Financial Position
Total equity attributable to | Ratio of total equity | |||
Total assets | Total equity | attributable to owners of the | ||
owners of the parent | ||||
parent to total assets | ||||
Millions of yen | Millions of yen | Millions of yen | % | |
First quarter of Fiscal 2021 | 7,753,035 | 3,353,326 | 2,971,911 | 38.3 |
Fiscal 2020 | 7,573,946 | 3,131,387 | 2,759,996 | 36.4 |
2. Dividends
Dividends per share | |||||
End of first quarter | End of second quarter | End of third quarter | End of fiscal year | Fiscal year | |
Yen | Yen | Yen | Yen | Yen | |
Fiscal 2020 | ― | 0.00 | ― | 10.00 | 10.00 |
Fiscal 2021 | ― | ||||
Fiscal 2021 (Forecasts) | 55.00 | ― | ― | ― | |
Notes: 1. Whether the dividends forecasts have been revised: Yes
3. Consolidated Financial Forecasts for Fiscal 2021 (April 1, 2021―March 31, 2022)
(Percentage figures are changes from the same period of the previous fiscal year.)
Revenue | Business profit | Profit attributable to | Basic earnings per share | ||||||
owners of the parent | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||
First half of Fiscal 2021 | 3,100,000 | 38.3 | 350,000 | ― | 200,000 | ― | 217.00 | ||
Fiscal 2021 | 6,500,000 | 34.6 | 600,000 | 445.2 | 370,000 | ― | 402.00 |
Notes: 1. Whether the consolidated financial forecasts for fiscal 2021 under review have been revised: Yes
- Notes
- Changes in significant subsidiaries during the period: None
- Changes in accounting policies and changes in accounting estimates
- Changes in accounting policies required by IFRS: None
- Changes other than those in (a) above: None
- Changes in accounting estimates: None
- Number of shares outstanding (common shares)
- Number of shares outstanding at the end of the period (including treasury stock)
First quarter of Fiscal 2021 | 950,321,402 shares |
Fiscal 2020 | 950,321,402 shares |
(b) Number of treasury stock at the end of the period | |
First quarter of Fiscal 2021 | 29,553,811 shares |
Fiscal 2020 | 29,564,533 shares |
(c) Weighted average number of shares outstanding | |
First quarter of Fiscal 2021 | 920,762,338 shares |
First quarter of Fiscal 2020 | 920,681,631 shares |
- This quarterly flash report is not subject to quarterly review procedures.
-
Explanation of the appropriate use of performance forecasts and other related items (Explanation of the appropriate use of performance forecasts)
The forward-looking statements included in this flash report are based on the assumptions, forecasts, and plans of the Company as of the date on which this document is made public. The Company's actual results may differ substantially from such statements due to various risks and uncertainties.
Nippon Steel Corporation (5401)
The First Quarter of Fiscal 2021
Index of Attached Documents | ||
Quarterly Condensed Consolidated Financial Statements and Major Notes.................................................................... | 2 | |
(1) | Quarterly Condensed Consolidated Statements of Financial Position .................................................................... | 2 |
(2) | Quarterly Condensed Consolidated Statements of Profit or Loss and | |
Quarterly Condensed Consolidated Statements of Comprehensive Income........................................................... | 4 | |
(3) | Quarterly Condensed Consolidated Statements of Changes in Equity.................................................................... | 5 |
(4) | Notes to the Quarterly Condensed Consolidated Financial Statements .................................................................. | 7 |
(Going Concern Assumption)............................................................................................................................... | 7 | |
(Segment Information) ......................................................................................................................................... | 7 |
1
Nippon Steel Corporation (5401)
The First Quarter of Fiscal 2021
Quarterly Condensed Consolidated Financial Statements and Major Notes
(1) Quarterly Condensed Consolidated Statements of Financial Position
(Millions of Yen) | |||
ASSETS | March 31, 2021 | June 30, 2021 | |
Current assets : | |||
Cash and cash equivalents | 359,465 | 381,530 | |
Trade and other receivables | 805,306 | 751,461 | |
Inventories | 1,349,355 | 1,449,923 | |
Other financial assets | 27,772 | 33,538 | |
Other current assets | 130,786 | 181,680 | |
Total current assets | 2,672,686 | 2,798,135 | |
Non-current assets : | |||
Property, plant and equipment | 2,954,938 | 2,989,635 | |
Right-of-use assets | 88,559 | 84,674 | |
Goodwill | 46,341 | 47,111 | |
Intangible assets | 95,826 | 114,589 | |
Investments accounted for using the equity method | 817,328 | 846,063 | |
Other financial assets | 628,226 | 588,476 | |
Defined benefit assets | 110,396 | 115,389 | |
Deferred tax assets | 153,123 | 162,614 | |
Other non-current assets | 6,519 | 6,344 | |
Total non-current assets | 4,901,260 | 4,954,899 | |
Total assets | 7,573,946 | 7,753,035 | |
2
Nippon Steel Corporation (5401)
The First Quarter of Fiscal 2021
(Millions of Yen) | |||
LIABILITIES | March 31, 2021 | June 30, 2021 | |
Current liabilities : | |||
Trade and other payables | 1,382,761 | 1,300,208 | |
Bonds, borrowings and lease liabilities | 308,985 | 377,194 | |
Other financial liabilities | 1,250 | 1,351 | |
Income taxes payable | 24,256 | 93,282 | |
Other current liabilities | 54,077 | 44,295 | |
Total current liabilities | 1,771,331 | 1,816,332 | |
Non-current liabilities : | |||
Bonds, borrowings and lease liabilities | 2,250,246 | 2,158,131 | |
Other financial liabilities | 4,784 | 5,544 | |
Defined benefit liabilities | 189,453 | 183,815 | |
Deferred tax liabilities | 37,385 | 39,459 | |
Other non-current liabilities | 189,358 | 196,425 | |
Total non-current liabilities | 2,671,228 | 2,583,375 | |
Total liabilities | 4,442,559 | 4,399,708 | |
EQUITY |
Common stock | 419,524 |
Capital surplus | 393,168 |
Retained earnings | 1,910,333 |
Treasury stock | (58,342) |
Other components of equity | 95,311 |
Total equity attributable to owners of the parent | 2,759,996 |
Non-controlling interests | 371,390 |
Total equity | 3,131,387 |
Total liabilities and equity | 7,573,946 |
419,524
393,257
2,081,017
(58,337)
136,448
2,971,911
381,415
3,353,326
7,753,035
3
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Nippon Steel & Sumitomo Metal Corporation published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:18 UTC.