1.1 SUMMARY OF FISCAL 1998 NON-CONSOLIDATED FINANCIAL RESULTS
(in millions of yen)
|
|
FY1998 |
FY1997 |
% change FY98/97 |
% change FY97/96 |
||
|
Net sales |
938,455 |
1,115,256 |
(15.9%) |
(2.3%) |
||
|
Export sales |
197,673 |
217,578 |
(9.1%) |
3.6% |
||
|
Percentage of export sales to net sales |
21.1% |
19.5% |
|
|
||
|
Operating income |
41,652 |
80,030 |
(48.0%) |
0.0% |
||
|
Ordinary income* (loss) |
(9,840) |
25,295 |
---- |
(5.1%) |
||
|
Net income (loss) |
(23,317) |
7,415 |
---- |
(65.8%) |
||
|
Net income (loss) per share |
(8.22yen) |
2.61 yen |
|
|
||
|
Fully diluted earnings per share |
--- |
--- |
|
|
||
|
Return on average equity |
(5.8%) |
1.8% |
|
|
||
|
Ordinary income/total liabilities & stockholders ’ equity |
(0.5%) |
1.4% |
|
|
||
|
Ordinary income/net sales |
(1.0%) |
2.3% |
|
|
||
| SALES BY SECTOR |
FY1998 |
FY1997 |
% change FY98/97 |
|
|
Iron & Steel |
462,243 |
525,997 |
(12.1%) |
|
|
Aluminum & Copper |
222,721 |
266,234 |
(16.3%) |
|
|
Machinery & Information |
253,490 |
323,024 |
(21.5%) |
|
|
Total |
938,455 |
1,115,256 |
(15.9%) |
|
|
1.2 DIVIDENDS |
FY1998 |
FY1997 |
||
|
Dividends per share (yen) |
-0- |
2 |
||
|
Dividends (yen) |
-0- |
5,670 |
||
|
Payout ratio |
-0- |
76.5% |
||
|
Dividends/stockholders ’ equity |
-0- |
1.4% |
||
| 1.3 FINANCIAL POSITION |
FY1998 |
FY1997 |
|
Total assets |
1,770,791 |
1,828,623 |
|
Total stockholders ’ equity |
382,397 |
416,581 |
|
Stockholders ’ equity/total assets |
21.6% |
22.8% |
|
Stockholders ’ equity per share |
134.86 |
146.91 |
2. NON-CONSOLIDATED FORECAST FOR FISCAL 1999 (ending March 2000)
|
|
Half-year |
Full year |
|
Estimated net sales |
430,000 |
850,000 |
|
Estimated ordinary income* (loss) |
(8,000) |
7,000 |
|
Estimated net income (loss) |
(13,000) |
(7,000) |
|
Estimated net income per share |
--- |
(2.46 yen) |
Notes
i. Sums of less than 1 million have been omitted.
ii. Average number of shares at March 31, 1998 and March 31, 1999: 2,835,436,826
iii. Number of shares issued at March 31, 1998 and March 31, 1999: 2,835,436,826
iv. Changes have been made in accounting policies.
v. The difference between the market value of marketable securities and the balance sheet amount of the securities as of March 31, 1999 was 11,372 million yen of unrealized gain.
vi. The difference between the market value of derivatives and the contract amount as of March 31, 1999 was an unrealized loss of 6,928 million yen.
vii. Tax effect accounting has been applied for fiscal 1998, ended March 1999.
viii. * Ordinary income is also known as pretax recurring profit.
ix. Figures in parentheses denote losses or decreases.
