Japan Steel Co., Ltd. deficit of up to ¥ 431.5 billion, impact of US-China friction May 8 20:18
Japan's largest steel company, the Japanese steel company, settled its financial results for the fiscal year ending March in the fiscal year ended March 31, 2013, due to the deterioration of the steel market due to the trade friction between the United States and China. It became a deficit settlement.
In the fiscal year ended March 31, 2013, Nippon Steel made a record deficit of ¥ 5,921.5 billion in net sales, a 4.2% decrease from the previous year, and a final loss of ¥ 431.5 billion.
This was due to a decline in global steel demand due to trade friction between the United States and China, and in addition to a decline in profits.In addition, the asset value of an aging domestic steel mill was reviewed and an extraordinary loss of 400 billion was It is because it was added.
Eiji Hashimoto, president of Nippon Steel, said, "I have to regret the fact that I have made a huge deficit due to the lack of efforts over the past few years." In addition, we have not announced the outlook for the financial results for this fiscal year because the impact of the spread of the new coronavirus infection cannot be predicted at this time.
President Hashimoto shows a severe view of the impact of the new coronavirus, that domestic crude steel production could not reach 80 million tons this year, and that it will fall below 2009, when production dropped to 9.44 million tons immediately after the Lehman shock. It was.
On top of that, he said that depending on future demand trends, not only the rationalization of the ironworks in Hiroshima Prefecture announced in February this year, but also the further streamlining of the production system would be necessary.