Nippon Steel Trading : 〔Delayed〕Summary of Consolidated Financial Results for Fiscal Year Ended March 31, 2021

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation, nor for direct, indirect, or any other form of damages that may arise from use of this translation.

	Summary of Consolidated Financial Results
	for Fiscal Year Ended March 31, 2021
	(Japanese GAAP)
	May 10, 2021
	Stock Exchange: Tokyo
Listed company name:	NIPPON STEEL TRADING CORPORATION
Code No.:	9810
URL:	https://www.nst.nipponsteel.com/en/
Representative name:	Yasumitsu Saeki, President and Representative Director
Tel.	[phone]

Scheduled ordinary general meeting of shareholders: June 29, 2021

Start of cash dividend payments:	June 30, 2021
Securities report to be submitted:	June 29, 2021
Supplementary materials:	Yes (Japanese only)
IR conference:	Yes (for institutional investors and analysts; Japanese
only)
	(Figures rounded down to nearest million yen)

1. Consolidated Earnings through the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)

(1)	Consolidated Operating Results								(%: change from the previous year)
				Net sales				Operating profit	Ordinary profit	Profit attributable to
								owners of parent
			Millions of yen		%		Millions of yen	%	Millions of yen	%	Millions of yen		%
	FYE March 31, 2021		2,073,240		(16.4)		22,277	(30.6)	25,687	(22.7)	15,934		(23.1)
	FYE March 31, 2020		2,480,256		(2.8)		32,088	(11.3)	33,244	(8.7)	20,708		(10.9)
Note:	Comprehensive income
		FYE March 31, 2021	¥21,262 million (47.0%)
		FYE March 31, 2020	¥14,462 million (-26.8%)
			Earnings per share		Diluted earnings per	Return on equity	Ordinary profit/total	Operating profit/net
						share		assets		sales
				Yen		Yen		%			%			%
	FYE March 31, 2021		493.98			−		6.5			3.0			1.1
	FYE March 31, 2020		641.97			−		8.9			3.7			1.3
Reference: Shares of profit/loss of entities accounted for using equity method
		FYE March 31, 2021	¥2,559 million
		FYE March 31, 2020	¥2,786 million

(2) Consolidated Financial Position
			Total assets		Net assets	Equity ratio	Net assets per share
			Millions of yen		Millions of yen	%	Yen
	As of March 31, 2021		883,442		278,247	28.9	7,922.37
	As of March 31, 2020		857,744		254,877	27.6	7,329.73
Reference: Equity capital
	As of March 31, 2021	¥255,545 million
	As of March 31, 2020	¥236,440 million

(3) Consolidated Cash Flows
		Cash flows from		Cash flows from		Cash flows from		Cash and cash equivalents
		operating activities		investing activities		financing activities		at the end of period
		Millions of yen		Millions of yen		Millions of yen		Millions of yen
	FYE March 31, 2021	47,255		(6,451)		(9,993)		55,881
	FYE March 31, 2020	39,732		(5,736)		(32,679)		25,314

2.	Dividends
				Annual dividends per share		Dividends paid	Payout ratio	Dividends on
						Fiscal		equity ratio
			1Q	2Q	3Q	Total	(total)	(consolidated)
			year end	(consolidated)
			Yen	Yen	Yen	Yen	Yen	Millions of	%	%
			yen
	FYE March 31, 2020	−	115.00	−	85.00	200.00	6,452	31.2	2.8
	FYE March 31, 2021	−	50.00	−	110.00	160.00	5,161	32.4	2.1
	FYE March 31, 2022 (Est.)	−	110.00	−	110.00	220.00		32.3

3. Projected Consolidated Results for Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

(%: change from the same period of the previous year)

	Operating profit		Ordinary profit		Profit attributable to	Earnings per share
			owners of parent
	Millions of yen		%	Millions of yen		%	Millions of yen	%	Yen
First six months	15,000		82.9	15,500		62.3	11,000	111.3	341.02
Full fiscal year	32,000		43.6	33,000		28.5	22,000	38.1	682.04

• As Accounting Standard for Revenue Recognition (ASBJ Statement No. 29 of March 31, 2020) will apply from the beginning of the fiscal year ending March 2022, the amounts in the above-stated projected consolidated results are after application of the relevant Standard.

* Notes

1. Changes in significant subsidiaries during period (changes in specified subsidiaries resulting in changes in scope of consolidation): None
2. Changes of accounting policies, changes of accounting estimates and retrospective restatements
3. 1. Changes in accounting policies resulting from changes in accounting standards, etc.: None
   2. Other accounting policy changes: None
   3. Changes in accounting estimates: None
   4. Restatements: None
4. Number of shares outstanding (common shares)
5. 1. Number of shares outstanding at the end of the period (including treasury shares)

As of March 31, 2021	32,307,800 shares
As of March 31, 2020	32,307,800 shares

ii. Number of treasury shares at the end of the period

As of March 31, 2021	51,577 shares
As of March 31, 2020	50,132 shares
iii. Average number of shares during the period
FYE March 31, 2021	32,257,181 shares
FYE March 31, 2020	32,258,362 shares

(Reference) Overview of Non-consolidated Financial Results

Non-consolidated Results for Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)

(1) Non-consolidated Operating Results						(%: change from the previous year)
			Net sales		Ordinary profit				Profit
			Millions of yen		%	Millions of yen		%		Millions of yen	%
	FYE March 31, 2021		1,688,795		(17.1)	20,049		(11.3)		15,706	7.1
	FYE March 31, 2020		2,037,389		(7.6)	22,604		(18.5)		14,671	(32.6)
			Earnings per share		Diluted earnings per share
					Yen				Yen
	FYE March 31, 2021				486.87				−
	FYE March 31, 2020				454.77				−
(2) Non-consolidated Financial Condition
			Total assets		Net assets		Equity ratio		Net assets per share
			Millions of yen		Millions of yen				%		Yen
	As of March 31, 2021		686,679		186,432					27.1		5,779.19
	As of March 31, 2020		664,262		170,219					25.6		5,276.38
Reference: Equity capital
	As of March 31, 2021	¥186,432 million
	As of March 31, 2020	¥170,219 million

non-consolidated financial results from actual results of the previous period> In the Steel business, due to the decline of sales volume, etc. there has been a difference between the actual results for the previous fiscal year and the actual results for the fiscal year under review.

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Explanation for the proper use of earnings projections, and other special matters

(Caution on description of future events, etc.)

The preceding projections are based on information available at the time of the publication of these materials, and are not intended as pledges on the part of the Company that the said projections will be achieved. Actual results may differ materially from projections due to various factors that may occur in the future. For the assumptions on which these earnings projections were based, see "1. Overview of Operating Results and Others,

(1) Outline of Operating Results for the Fiscal Year" on page 2 of the attachment.

(How to acquire supplementary materials)

Supplementary materials were published on TDnet as of May 10, 2021, and they were published on the Group's website on the same date.

(How to acquire materials for briefing session)

The Company has scheduled a briefing session for institutional investors and analysts on May 10, 2021. Soon after the session is over, the presentation materials distributed during the event will be posted on the Company's website (Japanese only).

NIPPON STEEL TRADING CORPORATION (9810)

Consolidated Financial Statements for the Fiscal Year Ended March 31, 2021

Index of attached documents

1. Overview of Operating Results and Others..........................................................................................................................	2
(1)	Outline of Operating Results for the Fiscal Year ............................................................................................................	2
(2)	Overview of Financial Position for the Fiscal Year ........................................................................................................	3
(3)	Basic Policy on Distribution of Profits, and Dividends in Period under Review and Subsequent Period.......................	4
2. Basic Philosophy for Selecting Accounting Standards ........................................................................................................	4
3. Consolidated Financial Statements and Significant Notes Thereto ......................................................................................	5
(1)	Consolidated Balance Sheets ..........................................................................................................................................	5
(2)	Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ......................................	7
(3)	Consolidated Statements of Changes in Equity ..............................................................................................................	9
(4)	Consolidated Statements of Cash Flows .......................................................................................................................	11
(5)	Consolidated Financial Statements and Significant Notes Thereto...............................................................................	13
	(Notes on Going Concern Assumption)........................................................................................................................	13
	(Additional Information)...............................................................................................................................................	13
	(Segment Information, etc.) ..........................................................................................................................................	14
	(Per Share Information) ................................................................................................................................................	19
	(Subsequent Events) .....................................................................................................................................................	19

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