The negative impact of COVID-19 persists in domestic and overseas markets, but signs of recovery emerged in US and elsewhere.
Profit rose significantly YoY with general increase in sales volume and higher sales prices.
• Net sales:
¥224.2 bn (See note below)
• Ordinary income:
¥4.6 bn (YoY increase of ¥2.9 bn, 181.9%)
• Net income:
¥3.9 bn (YoY increase of ¥3.4 bn, 689.5%)
Equity ratio was 18.1% (compared to 19.5% at the end of the
previous year)
Dividend
We will pay an interim dividend of ¥85 per share and a full-year dividend of ¥170 per share (compared to ¥15 and ¥50 in same period last year).
No year-on-year comparison is shown for consolidated net sales because the item complies with the Accounting Standard for Revenue Recognition (ASBJ No. 29), whereas same item for the previous year did not (we applied the standard at the start of FY2021).
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Shinsho Corporation published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 08:11:09 UTC.
Shinsho Corp is a Japan-based company mainly engaged in the transaction of iron and steel, ferrous raw materials, nonferrous metals, equipment, welding products and other products, as well as the manufacture of related products, the provision of information services, and the investment business. The Company has five business segments. The Iron and Steel segment is mainly engaged in the sale of wire rods, steel sheets, steel plates, cast and forged steels, titanium and steel powder. The Ferrous Raw Material segment is mainly engaged in the procurement and sale of coal, alloy steels and iron ores. The Nonferrous Metal segment is mainly engaged in the sale of aluminum and copper products for automobiles. The Machinery and Information segment is mainly engaged in the sale of industrial machinery and chemical machinery. The Welding segment is mainly engaged in the sale of welding materials and welding equipment. The Company is also engaged in the real estate leasing business.