Nippon Steel & Sumikin Stainless Steel announced on Wednesday the firm posted 1.973 billion yen of consolidated recurring loss for first half of fiscal 2010 started April while the firm posted 2.691 billion yen profit in fist half of fiscal 2009. The firm posted loss when raw material cost up pace was faster than stainless price increase while higher depreciation also impacted on the results after major investment in high valued products including duplex expansion program.
The shipment, which was increasing in April-June, decreased in July-September due to lower export under sharp yen appreciation. The sales increased by 38.0% to 128.12 billion yen in first half of fiscal 2010 compared with same period of fiscal 2009. The steel shipment increased by 24.0% to 455,000 tonnes. However, the shipment decreased by 8.8% to 217,000 tonnes in July-September from April-June. The firm tries to reduce the cost through across the board effort without exception for better profitability, said Mr. Kenya Ishikawa, director and operating officer of NSSC at the press conference. He said the firm manages to secure the profit for fiscal 2010 by increasing the sales of duplex and high purity ferritic stainless steel while the business condition keeps severe in the second half.Japan Steel Scrap Composite Prices (Sangyo Press)
- Agenda for Change Agreement
- Retention Bonus Agreement Pdf
- Car Rental Agreement Sample Free Uk
- Company Sale and Purchase Agreement Template
- Party Wall Agreement Cost London
- Wto Sps Agreement Ppt
- Athlete Representation Agreement
- Property Management Agreement Example
- China-Europe Comprehensive Investment Agreement
- Agreement on Subsidies and Countervailing Measures
- Agreement for the Provision of Marketing Services
- Prenuptial Agreement Form Nys
- Home for Sale by Owner Contract Form
- Business Combination Agreement Lilium
- Uk Dutch Double Taxation Agreement
- Quickbooks Online Service Agreement
- Simple Loan Agreement with Balloon Payment
- Agreements Form
- Liquidated Damages for Breach of Confidentiality Agreement
- An Agreement Synonyms