Top-tier steel cost competitiveness in Japan and demand development

「Against this backdrop, selling prices declined while steel scrap prices rose in the second half, narrowing the spread. In addition, increases in repair expenses and other costs resulted in net sales of ¥89,226 million, down 13.1% from the previous fiscal year, and operating profit of ¥2,470 million, down 61.1%.」

「販売価格が低下した一方で下期に入り鉄スクラップ価格が上昇したことで値差が縮小したことに加え、修繕費等の諸コストの増加等により、当社グループの売上高は89,226百万円(前期比13.1％減)、営業利益は2,470百万円(前期比61.1％減)となりました。」

「Against this backdrop, the Group's net sales were ¥45,395 million, down 11.9% year on year, and operating profit was ¥1,496 million, down 46.2%, due to the impact of weak demand and increases in repair expenses and other costs.」

「We will work to improve profitability by reducing costs through higher stable operating rates and improved energy efficiency, while strengthening sales of our proprietary high-value-added products, including deformed sections.」

「Against this backdrop, the Group worked to establish appropriate steel material selling prices. In addition to the wider spread over steel scrap prices, its main raw material, the Group optimized its product mix with a focus on profitability. As a result, net sales were ¥83,018 million, up 5.7% year on year, and operating profit was ¥7,679 million, up 27.4%.」

「Against this backdrop, the Group worked to establish appropriate steel material selling prices. In addition to the wider spread over the purchase price of steel scrap, its main raw material, the Group optimized its product mix with a focus on profitability. As a result, net sales were ¥54,262 million, up 8.2% year on year, and operating profit was ¥4,614 million, up 59.4%.」

「Against this backdrop, the Group worked to establish appropriate steel material selling prices. In addition to the wider spread over the purchase price of steel scrap, its main raw material, the Group optimized its product mix with a focus on profitability. As a result, net sales were ¥27,699 million, up 5.0% year on year, and operating profit was ¥2,432 million, up 1,119.5%.」

「Against this backdrop, the Group worked to optimize steel material selling prices in line with the costs of steel scrap, energy, auxiliary materials and other items and pursued orders with a focus on profitability. As a result, net sales were ¥50,144 million, up 18.4% year on year, and operating profit was ¥2,895 million, compared with an operating loss of ¥38 million in the same period of the previous fiscal year.」

「Against this backdrop, the Group worked to optimize steel material selling prices in line with the costs of steel scrap, energy, auxiliary materials and other items, and promoted sales of high-margin products. As a result, net sales were ¥26,387 million, up 75.0% year on year, and operating profit was ¥199 million, compared with an operating loss of ¥493 million in the same period of the previous fiscal year.」

「Against this backdrop, the Group progressed with improvements in steel material selling prices, among other measures, resulting in net sales of ¥66,129 million, up 23.6% year on year. However, it was unable to pass on the higher costs resulting from increases in steel scrap and energy prices to steel material selling prices in time, resulting in an operating loss of ¥323 million, compared with operating profit of ¥944 million in the same period of the previous fiscal year.」

「The Group worked to improve steel material selling prices, but was unable to pass on the higher costs resulting from rising steel scrap prices in time. Operating loss was ¥493 million, compared with operating profit of ¥671 million in the same period of the previous fiscal year.」

「However, as steel scrap prices rose, selling prices remained weak, resulting in net sales of ¥32,825 million, down 11.2% year on year, and operating profit of ¥671 million, down 68.6%.」

「However, the spread between steel material selling prices and steel scrap purchase prices widened, and efforts to secure sales volume and continue cost improvements resulted in operating profit of ¥4,142 million, up 84.3% from the previous fiscal year.」

「Against this backdrop, the Group maintained sales volume year on year, but lower selling prices resulted in net sales of ¥56,104 million, down 5.7% year on year. However, the spread between selling prices and steel scrap prices widened, and continued cost improvements resulted in operating profit of ¥3,560 million, up 558.2% year on year.」

「Against this backdrop, lower sales volume and other factors resulted in net sales of ¥36,975 million, down 9.8% year on year. However, maintaining selling prices widened the spread over steel scrap prices, and continued cost improvements resulted in operating profit of ¥2,139 million, up 65.0% year on year.」

「Against this backdrop, the Group continued to expand sales volume and improve costs while progressing with selling price improvements. It also restored operations promptly following problems with steelmaking equipment and worked to recover lost business after the restart. As a result, net sales were ¥80,442 million, up 12.5% from the previous fiscal year, and operating profit was ¥2,248 million, up 16.7%.」

「Against this backdrop, the Group worked to improve selling prices, resulting in net sales of ¥59,488 million, up 16.5% year on year. However, operating profit fell to ¥540 million, down 71.2% year on year, due mainly to lower sales volume following an accident at a steelmaking plant.」

「Against this backdrop, the Group increased sales volume and worked to improve selling prices, resulting in net sales of ¥40,996 million, up 23.6% year on year. However, the significant impact of higher costs due to increases in auxiliary material and other prices resulted in operating profit of ¥1,297 million, down 22.6% year on year.」

「Against this backdrop, the Group increased sales volume and worked to improve selling prices, resulting in net sales of ¥20,988 million, up 29.2% year on year. In addition to higher sales, the Group promoted cost improvements, but was unable to fully offset higher costs resulting from increases in steel scrap and auxiliary material prices. Operating profit was therefore ¥1,068 million, down 2.3% year on year.」

「Against this backdrop, the Group continued to pursue cost improvements and worked to improve selling prices. As a result, selling prices rose by more than steel scrap prices, but the significant impact of higher costs due to soaring prices for auxiliary materials and other items resulted in net sales of ¥71,525 million, up 12.1% from the previous fiscal year, and operating profit of ¥1,925 million, down 33.2%.」

「Against this backdrop, the Group worked to improve selling prices and implement thorough cost reductions. However, its response to the sharp increase in various costs was delayed. Net sales were ¥51,083 million, up 10.4% year on year, while operating profit was ¥1,877 million, down 23.4%.」

「Against this backdrop, the Group worked to improve selling prices amid expanding demand for steel materials. As a result, the spread over steel scrap prices widened, and net sales were ¥33,164 million, up 9.6% year on year, while operating profit was ¥1,676 million, up 58.8%.」

「Against this backdrop, the Group worked to improve selling prices in response to higher steel scrap prices. As a result, net sales were ¥16,250 million, up 1.4% year on year. In addition to the wider spread between selling prices and steel scrap prices, demand increased for steel materials used in undercarriage components for construction equipment supplied to the automotive and industrial machinery parts business, resulting in operating profit of ¥1,092 million, up 87.1% year on year.」

「Against this backdrop, the Group pursued initiatives including developing demand for deformed sections and expanding exports. Although sales volume increased, lower selling prices resulted in net sales of ¥46,283 million, down 5.4% year on year.」

「Against this backdrop, the Group worked to develop demand for non-standard sections and expand exports, and sales volume increased. However, because selling prices declined, net sales were ¥30.263 billion, down 8.6% year on year.」

「With cost competitiveness at the top level in Japan and distinctive non-standard sections as a competitive advantage, the Group aims to become an industry-leading company. It will maximize the benefits of its new steelmaking plant and develop new demand with a range of products leveraging the Group’s strengths in the manufacturing and processing technologies for non-standard sections.」