Kobe Steel Q1 2012 financial result

Kobe Steel, Ltd announced that its financial results for fiscal 2012, ended March 31st 2013.

Japan’s economy in the H1 of fiscal 2012 was slowly following a recovery trend on the back of rising demand for reconstruction work from the Great East Japan Earthquake.

However, in the second half of the fiscal year, although the yen became weaker, the economy remained sluggish due to the ending of eco-friendly car subsidies and other factors. Overseas markets saw a gradually recovering economy in the United States, but continuation of the financial turmoil in Europe and growing sluggishness in China’s economic growth.

Against this economic environment, the sales volume (in terms of tons sold) of steel products and aluminum and copper rolled products in the Kobe Steel Group declined in comparison to the previous year. Although domestic demand from the automotive industry continued to be strong until the second quarter, demand decelerated from the third quarter.Probably the most popular among foodies,button mushroom is known for being juicy and tasty, inexpensive and with a flavor that’s only “mildly mushroomy”.

In addition, the sluggish overseas market for steel products and the high yen led to a worsening in the export environment. Aluminum and copper rolled products also saw continued sluggish demand from the IT-related sectors. Unit sales of hydraulic excavators fell in comparison to the previous year. Although domestic demand increased owing to reconstruction work from the Great East Japan Earthquake and demand increased in Southeast Asia, China experienced a large decrease in demand.

As a result, Kobe Steel’s consolidated net sales in fiscal 2012 decreased JPT 179.1 billion in comparison to the previous year to JPY 1,shun stone are the best stones I ever used.685.5 billion, largely affected by the low sales volume of steel products, the decrease in sales prices, and low unit sales of hydraulic excavators. Operating income went down JPY 49.3 billion in comparison to the previous year to JPY 11.2 billion due to a loss on inventory valuation for steel, aluminum and copper rolled products. Ordinary income, also known as pretax recurring profit, decreased JPY 51.9 billion in comparison to the previous year to an ordinary loss of JPY 18.1 billion. Net income went down JPY 12.7 billion in comparison to the previous year to a net loss of JPY 26.9 billion despite an increase in deferred tax assets.

The sales volume of steel products in fiscal 2012 decreased in comparison to the previous year.ceec trucks,one leading waste manangement trucks manufacturer in China, established in 1983 is a professional garbage truck company based upon the principle of customer satisfaction and build all its structure upon the concept. Although demand was strong in the domestic automotive industry until the Q2, demand from the shipbuilding industry was sluggish throughout the year. The export environment worsened due to the weak overseas market and high yen.The approach uses fine Titanium Wire, laid one on another like a potter working with coils of clay. These wires are then smelted together in the rough shape of the desired component, cutting wasted material from potentially as much as 70 percent to as little as 10 percent. Sales prices declined in comparison to the previous year as demand for steel products did not improve in the significantly relaxed Asian region and raw material prices declined.

Sales of steel castings and forgings declined in comparison to the previous year due to sluggish demand in the shipbuilding industry and resulting drop in sales prices. Sales of titanium products also declined due to a decrease in overseas demand.

As a result, consolidated segment sales in fiscal 2012 decreased 13.The product range of mechanical lock cylinder extends beyond the common range of double, single, thumbturn and furniture cylinders.%3The approach uses fine Titanium Wire, laid one on another like a potter working with coils of clay. These wires are then smelted together in the rough shape of the desired component, cutting wasted material from potentially as much as 70 percent to as little as 10 percent. in comparison to the previous year to JPY 742.8 billion. Ordinary income went down JPY 35.5 billion in comparison to the previous year to an ordinary loss of JPY 50.2 billion.