Nippon Steel announces revision in forecast for performance
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Friday, 30 Oct 2009
In view of recent trends in performance, Nippon Steel Corporation has announced the following revisions in its forecast for performance, which was released on April 28th 2009.
Consolidated operating results for fiscal 2009
| Net sales | OPR profit | ORD profit | Net income | |
| Previous forecast (A) | 3,500,000 | 0 | 0 | 0 |
| Revised forecast (B) | 3,500,000 | 40,000 | 20,000 | 0 |
| Change (B-A) | 0 | 40,000 | 20,000 | 0 |
| % Change | 0 | - - | - - | - - |
| Actual for previous fiscal | 4,769,821 | 342,930 | 336,140 | 155,077 |
In JPY millions
Non consolidated operating results for fiscal 2009
| Net sales | OPR profit | ORD profit | Net income | |
| Previous forecast (A) | 2,100,000 | -40,000 | -50,000 | -30,000 |
| Revised forecast (B) | 2,100,000 | -50,000 | -80,000 | -50,000 |
| Change (B-A) | 0 | -10,000 | -30,000 | -20,000 |
| % Change | 0 | - - | - - | - - |
| Actual for previous fiscal | 3,128,694 | 252,965 | 203,661 | 108,986 |
In JPY millions
Reasons for the Revision
In view of recent economic trends, the company has announced the above revisions in its previous forecast for performance, which was released as provisional figures since it was still impossible to predict with any certainty when the economy would recover.
