Nippon Steel, a major steel company, announced the financial results of the entire group for the last year, and as raw material prices soared, the product price was raised, resulting in a final profit of 637.3 billion yen.
It was in the black for the first time in three years, and it was the highest since 2012 when it was integrated with Sumitomo Metal Industries.
According to the financial results of last year announced by Nippon Steel on the 10th, sales were 6,0808.8 billion yen, 41% higher than the previous year, and the final profit was 637.3 billion yen.
It is the first time in three years that the final profit and loss will be in the black, and since 2012, when the management integration with Sumitomo Metal Industries, both sales and final profit have been the highest.
This was due to the rationalization of management, such as raising the price of products amid soaring prices of raw materials such as iron ore and coal, and suspending the operation of blast furnaces in preparation for the closure of the steelworks in Kure City, Hiroshima Prefecture. Is the main factor.
On the other hand, regarding the business forecast for this fiscal year, the outlook is uncertain due to the situation in Ukraine and soaring resource prices, so we have not disclosed it.
At an online press conference, Nippon Steel President Eiji Hashimoto said, "The prices of all energy and raw materials are rising. We would like to negotiate prices with our business partners in order to respond to the soaring prices." ..
In addition, the company has announced that it will start producing products at its base in Himeji City, Hyogo Prefecture from next year in a way that does not emit carbon dioxide during the manufacturing process.
Specifically, the company plans to use electricity generated from renewable energy to melt iron scraps and produce electrical steel sheets used in hybrid vehicle motors.