Expanding earnings by capturing steel demand

「In steel, we worked diligently to secure the spread while being forced to adjust steel selling prices. However, production cuts during the suspension of electric-furnace operations caused by the substation accident, lower steel sales volumes due to weak demand and higher fixed costs resulted in lower earnings. Revenue was ¥145,860 million, down ¥20,786 million from the previous fiscal year, and ordinary profit was ¥4,215 million, down ¥3,609 million.」

「Against a backdrop of falling market conditions that required price adjustments for steel products, we worked to secure the spread. However, earnings declined because sales volumes fell, fixed costs increased and temporary expenses, including environmental assessment-related costs, were incurred.」

「Domestic demand from the construction and manufacturing sectors remained weak because of soaring material costs and delays in construction schedules caused by labor shortages. In addition, the inflow of low-priced imports caused both steel sales volumes and selling prices to decline.」

「Equipment problems caused by aging facilities in the same period of the previous year were resolved, allowing us to increase production and improve manufacturing costs. However, revenue declined because steel sales volumes fell, and earnings also declined as the steel spread deteriorated due to lower selling prices and higher main raw-material prices. As a result, revenue was ¥88,072 million, down ¥3,354 million year on year, and ordinary profit was ¥4,365 million, down ¥1,888 million.」

「In steel, scrap prices remained stable and declined from the previous fiscal year, and energy prices fell as fuel adjustment prices declined. However, lower steel selling prices and higher costs caused by equipment problems in the first half resulted in lower revenue and earnings. Revenue was ¥181,439 million, down ¥4,102 million from the previous fiscal year, and ordinary profit was ¥11,752 million, down ¥1,227 million.」

「In steel, scrap prices remained stable and declined year on year, but lower steel selling prices, higher costs caused by equipment problems and inventory valuation differences resulted in lower revenue and earnings. Revenue was ¥136,107 million, down ¥3,211 million year on year, and ordinary profit was ¥9,030 million, down ¥1,772 million.」

「In steel, scrap prices, our main raw material, remained weak and declined year on year. However, higher energy prices, higher costs caused by equipment problems and inventory valuation differences resulted in lower revenue and earnings. Revenue was ¥91,427 million, down ¥412 million year on year, and ordinary profit was ¥6,253 million, down ¥1,158 million.」

「In steel, although sales volumes declined and energy costs such as electricity and gas increased, the steel spread improved year on year because selling prices rose and scrap prices, our main raw material, declined. As a result, revenue declined but earnings increased. Revenue was ¥46,877 million, down ¥285 million year on year, while ordinary profit was ¥3,718 million, an increase of ¥590 million.」

「In steel, manufacturing costs increased as sales volumes declined and raw-material and energy prices, including scrap, billets, electricity and gas, rose amid higher resource prices and a weaker yen. However, improved steel selling prices expanded the steel spread, resulting in higher revenue and earnings from the previous fiscal year. As a result, revenue was ¥185,542 million, up ¥21,395 million from the previous fiscal year, and ordinary profit was ¥12,979 million, an increase of ¥6,130 million.」

「In steel, manufacturing costs increased because sales volumes declined and raw-material and energy prices, including scrap, billets, electricity and gas, rose as resource prices increased and the yen weakened. However, improved steel selling prices expanded the steel spread, resulting in higher revenue and earnings year on year. As a result, revenue was ¥139,319 million, up ¥20,402 million year on year, and ordinary profit was ¥10,803 million, an increase of ¥6,208 million year on year.」

「In steel, sales volumes declined from the same period of the previous year, while scrap and billet prices and energy costs such as electricity and gas increased. However, the substantial expansion in the steel spread resulting from improved selling prices outweighed these factors, resulting in higher revenue and earnings. As a result, revenue was ¥91,839 million, up ¥19,696 million year on year, and ordinary profit was ¥7,412 million, an increase of ¥5,284 million year on year.」

「Domestic steel demand, particularly from the manufacturing sector, was recovering. Accordingly, steel selling prices rose substantially and steel orders also increased substantially. Steel orders increased 16.9% year on year, the steel order backlog increased 15.9%, and steel revenue increased 34.5%.」

「In steel, revenue increased from the previous consolidated fiscal year because sales volumes rose and selling prices increased in line with higher raw-material prices. In terms of earnings, although prices of scrap, billets, ferroalloys and other main and auxiliary raw materials rose and energy costs increased, the earnings benefits of higher sales volumes and prices and diversified sourcing of iron sources outweighed these factors. As a result, revenue was ¥164,146 million, up ¥55,597 million year on year, and ordinary profit was ¥6,849 million, an increase of ¥4,625 million year on year.」

「Domestic steel demand, particularly from the manufacturing sector, was recovering. Accordingly, steel sales volumes and selling prices rose substantially, and steel orders also increased substantially. As a result, revenue was ¥118,916 million, up ¥39,890 million year on year, and ordinary profit was ¥4,594 million, an increase of ¥2,820 million year on year.」

「In steel, sales volumes increased from the same period of the previous year as demand from the manufacturing sector showed signs of recovery. Although the steel spread deteriorated because scrap and billet prices rose by more than the increase in steel selling prices as overseas market conditions strengthened, revenue and earnings increased year on year due to cost improvements from operating efforts and stronger efforts on processed-steel projects. As a result, revenue was ¥35,071 million, up ¥8,796 million year on year, and ordinary profit was ¥903 million, an increase of ¥85 million year on year.」

「In steel, revenue was ¥110,868 million, down ¥22,871 million from the previous fiscal year, due to lower sales volumes and selling prices. Although we worked to reduce costs through operating improvements, ordinary profit fell to ¥2,227 million, down ¥2,182 million year on year, as the steel spread deteriorated substantially, particularly in the second half, because of soaring raw-material prices.」

「In steel, sales volumes declined substantially from the same period of the previous year because demand from the core construction and manufacturing sectors fell sharply, while selling prices also declined, resulting in lower revenue. In terms of earnings, the steel spread improved because scrap prices, our main raw material, also declined even though steel selling prices fell. However, lower sales volumes and other factors led to lower earnings year on year. As a result, revenue was ¥27,033 million, down ¥9,302 million year on year, and ordinary profit was ¥823 million, down ¥377 million year on year.」

「In steel, sales volumes declined substantially from the same period of the previous year because export conditions deteriorated and domestic shipments remained sluggish, resulting in lower revenue.」

「In steel, selling prices increased from the same period of the previous year, but revenue declined because sales volumes fell and for other reasons. In terms of earnings, the steel spread improved substantially as scrap prices declined despite higher selling prices, but higher prices for materials such as electrodes and refractories, together with increased energy and logistics costs, left earnings at roughly the same level as in the same period of the previous year. As a result, revenue was ¥72,934 million, down ¥108 million year on year, and ordinary profit was ¥2,410 million, down ¥55 million year on year.」

「In steel, selling prices increased from the same period of the previous year, but revenue declined because sales volumes fell substantially and for other reasons.」

「In steel, sales volumes declined from the previous fiscal year, but revenue rose to ¥151,261 million, up ¥4,985 million year on year, because selling prices increased substantially.」

「Revenue for the six months ended 30 September increased by ¥3,389 million from the same period of the previous year to ¥73,918 million, up 4.8% year on year. This was mainly due to higher steel selling prices.」

「In steel, the order backlog increased 24.6% year on year as steel orders increased and prices rose.」

「In steel, sales volumes and selling prices increased from the previous fiscal year, resulting in a substantial increase in revenue. Although costs rose due to higher prices for scrap and purchased steel billets and higher fuel costs such as electricity and gas, ordinary profit increased, supported by higher sales volumes and selling prices and improved plant costs from operating improvements. As a result, revenue was ¥146,276 million, up ¥24,555 million year on year, and ordinary profit was ¥6,036 million, an increase of ¥248 million year on year.」

「In steel, sales volumes and selling prices increased significantly from the same period of the previous year, resulting in a substantial increase in revenue. Although costs rose due to significant increases in scrap and purchased billet prices and higher fuel costs such as electricity and gas, the benefits of higher sales volumes, selling prices and operating improvements outweighed these factors, resulting in higher earnings. As a result, revenue was ¥108,585 million, up ¥20,227 million year on year, and ordinary profit was ¥4,818 million, an increase of ¥719 million year on year.」

「In steel, sales volumes and selling prices increased significantly from the same period of the previous year, resulting in a substantial increase in revenue. Although costs rose due to significant increases in scrap and purchased billet prices and higher fuel costs such as electricity and gas, the benefits of higher sales volumes and selling prices outweighed these factors, resulting in higher earnings. As a result, revenue was ¥69,539 million, up ¥13,010 million year on year, and ordinary profit was ¥3,150 million, an increase of ¥520 million year on year.」

「In steel, sales volumes and selling prices increased from the same period of the previous year, resulting in higher revenue. Although costs increased because prices of scrap and purchased steel billets, our main raw materials, rose and electricity costs increased, the benefits of higher selling prices and sales volumes outweighed these factors, resulting in higher earnings. As a result, revenue was ¥35,283 million, up ¥7,808 million year on year, and ordinary profit was ¥1,714 million, an increase of ¥336 million year on year.」

「In steel, revenue declined due to lower selling prices and other factors. However, ordinary profit increased as the prices of purchased steel billets, our main raw material, declined from the previous fiscal year, energy costs such as electricity and gas fell as fuel adjustment prices declined, and plant costs were reduced through operating improvements including higher yields. As a result, revenue was ¥121,720 million, down ¥7,872 million year on year, while ordinary profit was ¥5,787 million, an increase of ¥844 million year on year.」

「We aim to expand earnings by reliably capturing the steel demand expected to increase in the near term.」