Mitsubishi Aluminum announced on Monday the firm aims consolidated net sales of 93 billion yen with consolidated recurring profit of 6 billion yen (5 billion yen generated at the parent company) in fiscal 2012 ending in March 2013 along its new 3-year management plan. ROA (Return on Asset) is targeted at 6%. The firm plans to resume dividend payment during fiscal 2010-2012. Capital expenditure is planned at 12 billion yen for 3 years.
Mitsubishi Aluminum posted net loss in fiscal 2009 and passed dividend payment for 2 financial years in a row though the sales and profits widely improved year-to-year basis. Mr. Hiroshi Yao, president of Mitsubishi Aluminum, explained the firm restructures the group’s profitable bases for the next growth during fiscal 2010-2012. He suggested the firm aggressively enters overseas markets where strong demand growth is expected while the firm improves profitability of conventional businesses mainly in Japan. The firm plans to expand offshore production of aluminium plates and extrusions, especially in Thailand. The firm supposes to raise overseas sales rate to 10% of total in fiscal 2012 from present 6%. In Japan, new hot rolling facilities are expected to contribute to better productivity. At the same time, the firm intends to enhance new product sales related to environment including lithium ion battery and solar cells.Japan Steel Scrap Composite Prices (Sangyo Press)
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