Ordinary income in FY22/1H was 13.7 billion yen positive, increase of 3.2 billion yen compared to FY21/1H
Profit on YOY basis increased due to improved profit margin through increasing sales prices and improving product mix at Sanyo and OVAKO, partly offset by increase of raw material and fuel prices.
(OVAKO's results and Amortization of goodwill in FY21/1H include 9 months (Jan.-Sep. 2021), due to the change of fiscal year end)
(Reference) FY22/1H Sales Volume･･･for OVAKO; Apr. to Sep. 2022, for SSMI; Jan. to Jun. 2022)
FY22/1H (A)
FY21/1H (B)
Change(B) → (A)
Sales Volume
812
(per month)135.3
1,079
(per month)151.4
-267
(per month) -16.1
(thousand tons)
(Sanyo)
458
76.3
Apr.-Sep. 333
511
85.2
-53
-8.9
(OVAKO)
303
50.5
511
56.8
-208
-6.3
Jan.-Mar. 178
(SSMI)
51
8.5
57
9.5
-6
-1.0
2. Statements of Income (FY22/1H vs. FY21/1H)
(Unit：Billion yen)
FY22/1H(A)
FY21/1H (B)
Change(B) → (A)
Amount
Ratio(%)
Amount
Ratio(%)
Amount
Ratio(%)
Net Sales
195.4
100.0
183.3
100.0
+12.1
+6.6
Operating Income
13.2
6.7
10.4
5.7
+2.8
+26.7
Ordinary Income
13.7
ROS 7.0
10.5
ROS 5.7
+3.2
+30.8
(Sanyo)
7.0
7.2
Apr.-Sep. 4.3
5.2
6.5
+1.7
+33.6
(OVAKO)
8.9
10.4
6.8
7.4
+2.1
+30.6
Jan.-Mar. 2.5
(SSMI)
-0.2
-
0.2
2.0
-0.3
-
(Amortization
-1.4
-
Jan.-Mar.-0.7
-2.0
-
+0.6
-
of goodwill )
Apr.-Sep.-1.3
Net Income*2
9.9
5.1
7.3
4.0
+2.6
+35.4
Net Income
11.3
5.8
9.3
5.1
+2.0
+21.5
before amortization of goodwill
(*1) SSMI has changed its name from MSSS in June, 2022. (*2) Profit attributable to owners of parent
Demand of Special Steel has been robust in major market segments, but some effects of destocking in the supply chain and reduction of auto production partly due to semiconductor shortage have continued. The slowdown in major economies attributable to the impact of inflation is increasingly becoming a concern.
Raw Material
and Fuel Prices
Raw material price trend still remains high partly because of the depreciation of the yen, though rocketed raw material prices have started to settle down to some extent. Energy prices are expected to continue to rise.
■Volume of order booked (Specialty steel products)
■Raw Material and Fuel Prices (FY20/1Q＝100)
(thousand tons）
Source: The Japan Iron and Steel Federation
350
Scrap iron(market)
6,000
200%
5,000
Exports
Domestic
Year-on-year rate
150%
Chromium
Nickel
297
4,000
100%
300
Electricity
3,000
50%
LNG
270
283
2,000
* Based on purchase price
251
263
265
0%
250
244
1,000
-50%
235
240
221
0
-100%
234
220
201
217
200
208
* FY2022/2Q: Sanyo calculated at 1.5 times the total of July and August
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Sanyo Special Steel Co. Ltd. published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 05:18:07 UTC.
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. 
