Nippon Steel & Sumitomo Metal : Announcement of Revision in Forecasts for Performance
August 02, 2018 at 02:19 am EDT
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For Immediate Release
August 2, 2018
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
In view of recent trends in performance, Nippon Steel & Sumitomo Metal Corporation (the Company) today announced its forecasts for the first half and the full fiscal year ending March 31, 2019, which had been undetermined at the time of the announcement of results for the fiscal year ended March 31, 2018 (on April 26, 2018).
Ⅰ . Japanese GAAP
Net sales
Ordinary profit
Profit attributable to owners of parent
Earnings per share (¥)
Previous forecasts (A)
―
―
―
―
Revised forecasts (B)
3,000,000
150,000
130,000
147.0
Change (B-A)
―
―
―
% change
―
―
―
(For reference)
Actual for the first half of the previous fiscal year ended March 31, 2018 (C)
2,745,096
157,634
99,153
112.34
Change (B-C)
254,903
(7,634)
30,846
% change
9.3
(4.8)
31.1
Net sales
Business profit
Profit attributable to owners of parent
Earnings per share (¥)
Previous forecasts (A)
―
―
―
―
Revised forecasts (B)
3,000,000
160,000
110,000
125.0
Change (B-A)
―
―
―
% change
―
―
―
Net sales
Business profit
Profit attributable to owners of parent
Earnings per share (¥)
Previous forecasts (A)
―
―
―
―
Revised forecasts (B)
6,300,000
350,000
240,000
269.0
Change (B-A)
―
―
―
% change
―
―
―
Consolidated financial forecasts for the first half of fiscal 2018 (April 1, 2018-September 30, 2018)
(Millions of yen)
Ⅱ. International Financial Reporting Standards (IFRS)
Consolidated financial forecasts for the first half of fiscal 2018 (April 1, 2018-September 30, 2018)
The Company has determined its forecasts for the performance of the first half and the full fiscal year ending March 31, 2019, which had not been estimated at the time of the previous announcement of results.
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Nippon Steel & Sumitomo Metal Corporation published this content on 02 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 August 2018 06:17:10 UTC
Nippon Steel Corporation is one of the Japanese largest iron and steel groups. Net sales break down by activity as follows:
- manufacturing of steel products (88.5%): long steel, flat steel, rails, sheets, iron bars, tubular products, etc.;
- engineering and construction services (4%): design, development and construction of offshore structures, infrastructures and environmental systems;
- technologic services (3.9%);
- manufacturing of chemical product (3.6%): primarily raw materials and iron and steel by-products (coal, coke, tar, etc.).
Net sales are distributed geographically as follows: Japan (60.2%), Asia (22.8%) and other (17%).
NIPPON STEEL CORPORATION 
