The First Three Quarters Of Fiscal 2020 Of Nippon Seien Decreased By Approximately 18.3%, And Net Profit Increased By Approximately 21.7%

www.ferroalloynet.com:The consolidated performance report released by Japan’s stainless steel wire and metal fiber manufacturer Nippon Seisen Co., Ltd. shows that in the first three quarters of fiscal 2020 (April-December 2020), due to the decline in sales of stainless steel wire, its sales fell by about 8.1% year-on-year to 240.49. Billion yen. Mainly due to the increase in the sales of high-performance, self-made products from 60.2% in the previous year to 65.8% (of which high-performance, self-made stainless steel wires accounted for about 48.1%), the operating profit of the first three quarters increased by about 12.3% year-on-year To 1.536 billion yen, regular profit increased by about 21.8% year-on-year to 1.728 billion yen, and net profit attributable to the parent increased by about 21.7% year-on-year to 1.214 billion yen. Sales in the third quarter increased to the highest of the previous three quarters, and regular profits and regular profit margins reached their highest points in recent quarters.

In terms of regions, the sales in Japan in the first three quarters decreased by about 6.6% year-on-year to 22.176 billion yen (to outside the group fell by nearly 6.7% year-on-year to 22.87 billion yen), and operating profit increased by about 26.5% year-on-year to 1.482 billion yen. ; Sales in Thailand decreased by approximately 23.2% year-on-year to 2,544 million yen due to a significant decrease in sales (to outside the group, down approximately 22.7% year-on-year to 1,397 million yen), and operating profit fell approximately 55.4% year-on-year to 64 million yen; Sales in China and South Korea fell by approximately 21.4% year-on-year to 672 million yen (decreased by 20% year-on-year to 564 million yen outside the group), and operating profit fell by approximately 74.3% year-on-year to 27 million yen.

In terms of different sectors, the stainless steel wire segment: The average monthly sales of stainless steel wire in the first three quarters decreased by about 18.3% year-on-year to 2,703 tons, and sales fell by approximately 10.7% year-on-year to 19.794 billion yen. Among them, the average monthly sales volume in the third quarter increased nearly compared to the previous quarter. 29.6% to 3083 tons, sales increased by nearly 21.9% from the previous month to 7.203 billion yen.

Metal fiber department: Sales in the first three quarters increased by approximately 5.7% year-on-year to 4.254 billion yen, of which, the third quarter increased by approximately 13.3% from the previous quarter to 1.455 billion yen.

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