Report of Foreign Issuer (6-k)
November 08 2019 - 6:15AM
Edgar (US Regulatory)
FORM 6-K
U.S.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November 2019
Commission File Number: 333-228135
NIPPON STEEL CORPORATION
(Translation of registrant’s name into English)
6-1, Marunouchi 2-chome
Chiyoda-ku, Tokyo 100-8071
Japan
(Address of principal executive offices)
Indicate by
check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): ☐
Information furnished on this form:
EXHIBIT
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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NIPPON STEEL CORPORATION
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Date: November 8, 2019
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By:
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/s/ Kazumasa Shinkai
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Kazumasa Shinkai
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Executive Officer, Head of General Administration Division
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November 8, 2019
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Company Name
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Nippon Steel Corporation
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Representative
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Eiji Hashimoto
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Representative Director and President
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Stock listing
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First Section of Tokyo Stock Exchange, and
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Nagoya, Fukuoka and Sapporo Stock Exchanges
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Code Number
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5401
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Contact
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Public Relations Center, General Administration Div.
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Telephone
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+81-3-6867-2135
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Announcement of Revision to Subsidiary’s Earnings Forecasts
Today, GEOSTR Corporation, a subsidiary of Nippon Steel Corporation (the “Company”), announced revision to its earnings forecasts, as per the
attachment.
The impact of the revision is immaterial with regard to the Company’s consolidated financial results.
November 8, 2019
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Company Name:
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GEOSTR Corporation
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Representative:
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Shingo Hayama
Representative Director and President
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Code Number:
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5282 (Tokyo Stock Exchange, Second Section)
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Contact:
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Yoshitaka Furuhashi, Executive Director,
Finance and Accounting Team,
Business
Management Headquarter
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Telephone:
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+81-3-5844-1201
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Notice Concerning Revision to Earnings Forecasts
Considering recent trends in performance, GEOSTR Corporation (the “Company”) hereby notifies that it has revised its earnings
forecasts (consolidated and non-consolidated) for the full year of fiscal 2019 ending March 31, 2020, which were announced on August 9, 2019.
1. Revision to Full-Year Fiscal 2019 Earnings Forecasts (April 1, 2019 – March 31, 2020)
(i) Revision to Full-Year Consolidated Earnings Forecasts
(Million yen)
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Net sales
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Operating
profit
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Ordinary
profit
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Profit attributable
to owners of parent
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Earnings per
share
(Yen)
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Previous forecasts (A)
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29,000
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800
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800
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100
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3.20
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Revised forecasts (B)
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29,000
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1,000
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1,000
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200
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6.39
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Increase/Decrease (B-A)
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—
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200
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200
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100
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Change (%)
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—
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25.0
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25.0
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100.0
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—
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(For reference)
Results for fiscal 2018 ended March 31, 2019
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34,266
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3,504
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3,507
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2,022
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64.65
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(ii) Revision to Full-Year Non-Consolidated Earnings
Forecasts
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(Million yen)
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Net sales
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Operating
profit
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Ordinary
profit
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Net profit
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Earnings per
share
(Yen)
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Previous forecasts (A)
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28,100
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960
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960
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160
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5.11
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Revised forecasts (B)
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28,100
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1,050
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1,050
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230
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7.35
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Increase/Decrease (B-A)
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—
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90
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90
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70
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—
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Change (%)
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—
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9.4
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9.4
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43.8
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—
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(For reference)
Results for fiscal 2018 ended March 31, 2019
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33,134
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3,516
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3,536
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2,044
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65.34
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2. Reasons for the Revisions to Earnings Forecasts
In terms of the consolidated operating results, net sales are expected to be 29,000 million yen, unchanged compared to the previous
forecasts.
With regard to profit and loss, operating profit and ordinary profit are both expected to be 1,000 million yen (up 25.0%
from the previous forecasts), and profit attributable to owners of parent is expected to be 200 million yen (up 100.0% from the previous forecasts), due to an improvement in the gross margin ratio resulting from increased production and
thorough cost reduction.
As for the non-consolidated operating results, net sales are expected to
be 28,100 million yen (unchanged compared to the previous forecasts), operating profit and ordinary profit are both expected to be 1,050 million yen (up 9.4% from the previous forecasts), and net profit is expected to be 230 million
yen (up 43.8% from the previous forecasts), due to the same reasons as those for the revision to the consolidated operating results.
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Note:
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The above forecasts are based on information that was available on the announcement date of this release.
Actual results may differ from the forecasts due to various risks and uncertainties.
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