|  | 29/10/2004 |
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Nippon Steel Consolidated Pretax Profit to Increase by Twice to 135.9 billion yen
Nippon Steel, Japan major steel maker, announced on Thursday that the firm's consolidated pretax profit in September, 2004 six months closing of account increased by twice compared with the same period of last year to 135.9 billion yen and net earnings increased by 2.2 times to 81 billion yen. Because the selling price improvement progressed against the background of expansion of steel-materials demand in domestic and overseas. The prospect of the consolidated pretax profit in the ending of March, 2005 rise at 320 billion yen by 1.9 times and net earnings rise at 190 billion yen by 4.6 times compared with the last year, it exceeded by 20 billion yen of the anticipation numerical value early in September, both profit update the highest ever of the term ended March, 1990. The firm will compress a connection liability with interest into 1,370 billion yen in March, 2005 at the end of a term.The consolidated pretax profit of mid-term exceeded the anticipation value of 20.9 billion yen and net earnings exceeded by 11 billion yen early in September, respectively. Consolidated sales increased to 1,509.2 billion yen by 12.9% compared with the same period of last year. The consolidated pretax profit increased by 67.8 billion yen. As for the steel making buisness, its sales increased 61 billion yen.
Consolidated ROS (return on sales ratio) was 9%, and went up 3.9% compared with the same period of last year. The consolidated liability at the end of September decreased to 1,450.9 billion yen by 110 billion yen from March, 2004. The D/E ratio fell by 0.62 from the same period of last year, and was set to 1-43.
The amount of crude steel production in the first half of fiscal 2004 (April - September) increased to 14.61 million tonnes (15.2 million tonnes of the same periods of last year) of independent bases, and increased to 16.08 million tonnes (16.37 million tonnes) of consolidated bases. The average selling price of the steel products increased to 58,100 yen per tonne by 6,800 yen since the second half of the preceding year. The export ratio of the steel products as a proportion of sales (amount-of-money base) was 31.1% comparede with the preceding year second half ratio leveling off.
 Nippon Steel |
 
 | Nippon Steel Consolidated Pretax Profit to Increase by Twice to 135.9 billion yen
| | Japan Special Steel Output Increases by 7% in Oct.-Dec.
| | Japan Steel Stock Decreases by 6% in September
| | Japan Sheet Steel Stock Drops by 4.6% for Domestic in Sep.
| | Ferrous Scrap Price Decreases More in Tokyo
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