Nisshin Steel Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company's net sales were ¥119,408 million against ¥137,225 million a year ago. Operating income was ¥278 million against ¥1,013 million a year ago. Ordinary loss was ¥1,345 million against ordinary profit of ¥1,820 million a year ago. Loss attributable to owners of parent was ¥1,544 million against profit attributable to owners of parent was ¥1,243 million a year ago. Net loss per share was ¥14.09 against net profit per share was ¥11.34 per share ago.

For the first six months ending September 30, 2016, the company expects net sales to be ¥252,000 million, operating income to be ¥2,500 million, ordinary loss of ¥2,000 million and loss attributable to owners of parent to be ¥3,500 million and net loss per share to be ¥31.93 per share.

For the year ending March 31, 2017, the company expects net sales to be ¥516,000 million, operating income to be ¥17,000 million, ordinary income of ¥11,500 million and profit attributable to owners of parent to be ¥7,500 million and net income per share to be ¥68.42 per share.