 |
May 9, 2003
Nisshin Steel Co., Ltd.
Consolidated Financial Highlights
Nisshin Steel Co., Ltd.
Years ended March 31, 2003 and 2002
1. Results of operations (Millions of yen)
| |
2003
|
2002
|
| Net sales |
412,411
|
394,494
|
| Operating income (loss) |
16,096
|
(10,384)
|
| Income (loss) before special items |
6,312
|
(17,096)
|
| Net loss |
(2,695)
|
(25,221)
|
2. Per share amounts (Yen)
| Net loss per share |
(2.73)
|
(25.36)
|
| Cash dividends per share |
2.00
|
-
|
3. Financial position (Millions of yen)
| Total assets |
625,529
|
638,458
|
| Total shareholders' equity |
229,148
|
233,500
|
4. Cash flows (Millions of yen)
| Net cash provided by operating activities |
30,117
|
13,795
|
| Net cash used in investing activities |
(17,213)
|
(9,547)
|
| Net cash (used in) provided by financing activities |
(14,513)
|
13,022
|
| Cash and cash equivalents at end of year |
31,303
|
33,789
|
Nisshin Steel's consolidated financial statements include the accounts
of Nisshin Steel and its nine subsidiaries listed below :
| Nisshin A&C Co., Ltd. |
Nisshin Kokan Co., Ltd. |
Nisshin Koki Co., Ltd. |
| Shinwa Kigyo Co., Ltd. |
Tsukiboshi Kaiun Co., Ltd. |
Tsukiboshi Shoji Co., Ltd. |
| Nisshin Holding, Inc. |
Nisshin Steel USA, LLC |
Wheeling-Nisshin, Inc. |
Equity method is applied to the investments in unconsolidated subsidiaries
and major affiliates.
•Projection for year ending March 31, 2004
1. Projected results of operations (Millions
of yen)
| |
2004
|
Six-month period ending September 30, 2003 |
| Net Sales |
430,000
|
215,000
|
| Income before special items |
17,000
|
10,000
|
| Net income |
5,500
|
3,000
|
2. Per share amount (Yen)
| Net income per share |
5.65
|
Note: The estimates above are based on information available at the
time
of this writing and include uncertain factors.
|
