Godo Steel, Ltd. reported consolidated and non-consolidated earnings results for the full year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 99,465 million against JPY 100,024 million a year ago. Operating profit was JPY 2,336 million against JPY 4,349 million a year ago. Ordinary profit was JPY 2,761 million against JPY 5,339 million a year ago. Profit before income taxes was JPY 2,479 million against JPY 5,552 million a year ago. Profit attributable to owners of parent was JPY 1,979 million or JPY 132.28 per basic share against JPY 5,681 million or JPY 363.36 per basic share a year ago. Cash flows from operating activities were JPY 428 million against JPY 10,309million a year ago. Rate of return on equity was 2.4% against 7.1% a year ago. Return on assets was 1.8% against 3.4% a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 59,417 million against JPY 64,630 million a year ago. Operating profit was JPY 1,035 million against JPY 3,524 million a year ago. Ordinary profit was JPY 1,469 million against JPY 4,140 million a year ago. Profit was JPY 1,231 million or JPY 82.26 per basic share against JPY 7,090million or JPY 453.45 per basic share a year ago.


The company provided earnings guidance for the second quarter and full year of fiscal year ending March 31, 2018. For the second quarter, the company expects net sales of JPY 55,000 million, operating profit of JPY 600 million, ordinary profit of JPY 1,000 million, profit attributable to owners of parent of JPY 700 million or 47.84 per basic share.

For the year, the company expects net sales of JPY 115,000 million, operating profit of JPY 2,500 million, ordinary profit of JPY 3,000 million, profit attributable to owners of parent of JPY 5,000 million or 341.72 per basic share.