Sanyo Special Steel Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2020
April 30, 2020 at 02:00 am EDT
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Sanyo Special Steel Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2020. For the period, on consolidated basis, the company reported net sales of ¥262,452 million against ¥262,452 million a year ago. Operating loss was ¥1,417 million against income of ¥10,123 million a year ago. Net loss attributable to owners of the parent was ¥3,717 million against income of ¥7,721 million a year ago. Loss per share was ¥67.14 against income of ¥237.75 a year ago.
For the period, on non-consolidated basis, the company reported net sales of ¥134,624 million against ¥162,804 million a year ago. Operating income was ¥3,618 million against ¥9,757 million a year ago. Net loss was ¥954 million against income of ¥7,162 million a year ago. Loss per share was ¥17.24 against income of ¥220.54 a year ago.
Sanyo Special Steel Co., Ltd. is a Japan-based company mainly engaged in the steel, special material and forging businesses. The Company has three business segments. The Steel segment is engaged in the manufacture and sale of bearing steel, steel for machine architecture, stainless steel, heat-resistant steel and tool steel, among others. The Power segment is engaged in the manufacture and sale of metal powder products. The Forging segment is engaged in the manufacture and sale of forging products made from special bar steel and steel pipes. The Company is also involved in the provision of support services for business operation, such as information processing, security and facility management services.
SANYO SPECIAL STEEL CO., LTD. 
