 |
May 10, 2004
Nisshin Steel Co., Ltd.
Consolidated Financial Highlights
Nisshin Steel Co., Ltd.
Years ended March 31, 2004 and 2003
1. Results of operations (Millions of yen)
| |
2004
|
2003
|
| Net sales |
451,451
|
412,411
|
| Operating income |
35,732
|
16,096
|
| Income before special items |
26,497
|
6,312
|
| Net income (loss) |
9,786
|
(2,695)
|
2. Per share amounts (Yen)
| Net income (loss) per share |
10.10
|
(2.73)
|
| Cash dividends per share |
4.00
|
2.00
|
3. Financial position (Millions of yen)
| Total assets |
637,246
|
625,529
|
| Total shareholders' equity |
249,415
|
229,148
|
4. Cash flows (Millions of yen)
| Net cash provided by operating activities |
40,605
|
30,117
|
| Net cash used in investing activities |
(10,703)
|
(17,213)
|
| Net cash used in financing activities |
(31,875)
|
(14,513)
|
| Cash and cash equivalents at end of year |
27,815
|
31,303
|
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 Logistics 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, 2005
1. Projected results of operations (Millions
of yen)
| |
2005
|
Six-month period ending September 30, 2004 |
| Net Sales |
480,000
|
240,000
|
| Income before special items |
29,000
|
15,000
|
| Net income |
11,000
|
6,000
|
2. Per share amount (Yen)
| Net income per share |
11.41
|
Note: The estimates above are based on information available at the
time
of this writing and include uncertain factors.
|
