Metal One Metal One Coporation
  HOME     JAPANESE     CHINESE     SITE MAP  
News
November 5, 2009
 
Consolidated Financial Results for the First Half of FY2009
(Based on Japanese GAAP)
 

Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Naoto Matsuoka) is pleased to announce its interim results of operations for the first half of FY2009 (April to September) as follows:

[Overview]
 

Sales, gross profit, operating income, ordinary income, and net income in the first half of FY2009 all declined compared to those in the same period of the previous year due to the extremely large impact that last fall's once-in-a-century worldwide financial crisis had on the real economy, both domestically and externally, as well as the sluggish and, depending on the market or industry, spotty recovery. Moreover, results for gross profit, operating income, and ordinary income were the lowest ever recorded for half-year figures. As a result, net income in the first half of the current fiscal year was ¥1.6 billion, ¥19.2 billion less than that in the first half of FY2008.

   
[First-half results]
  Consolidated performance in the first half of FY2009 saw sales fall ¥774.9 billion (44.3%) compared to that in the same period the year before, to ¥972.8 billion; gross profits decline ¥43.6 billion (49.6%), to ¥44.4 billion; operating income plummet ¥34.8 billion (92.9%), to ¥2.6 billion; and ordinary income plunge ¥38.9 billion (96.8%), to ¥1.3 billion.
Although extraordinary gains exceeded extraordinary losses by ¥3.6 billion thanks to sales of assets and other factors, net income after income taxes was ¥1.6 billion, down ¥19.2 billion, or 92.4%, compared to previous year's first-half figure.
 
(Unit: ¥ million)
Item First half of FY2009
(Apr. to Sep.)
Reference
Same period of the previous year
Sales
972,813
1,747,736
Gross profit
44,399
88,045
Operating income
2,648
37,404
Ordinary income
1,267
40,158
Net income
1,587
20,750
 
   
[Financial status]
 

Regarding the Company's financial position at the end of the first half of FY2009, decreases in accounts receivable and inventories resulted in consolidated gross assets of ¥936.2 billion, a decrease of ¥122.1 billion from that at the close of FY2008. Consolidated interest-bearing debt fell ¥70 billion, to ¥321.3 billion, compared to that at the close of the previous fiscal year.
Net assets, excluding minority shareholders' equity, came to ¥251.3 billion, up ¥5.5 billion from the level at the close of FY2008 due to net unrealized gains on securities and foreign-currency translation adjustments.

   
   
News
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
?Terms of Use  
(C) Copyright Metal One Corporation. All rights reserved.