© Reuters. FILE PHOTO: The logos of Nippon Metal Corp. are didplayed on the firm headquarters in Tokyo, Japan March 18, 2019. Image taken March 18, 2019. REUTERS/Yuka Obayashi(Reuters) – Japan’s prime steelmaker Nippon Metal Corp on Thursday posted a 2% improve in April-December web revenue to 517 billion yen ($4 billion) and stated it could pay a record-high full-year dividend of 180 yen per share.
Nippon Metal, which saved its full-year web revenue forecast unchanged at 670 billion yen, paid an annual dividend of 160 yen per share final yr. Japan’s monetary yr ends on March 31.
The corporate raised its full-year underlying enterprise revenue forecast by 60 billion yen to 690 billion yen, because it expects its non-consolidated metal output to be 200,000 tonnes larger than estimated in its earlier forecast launched in November.
On Thursday, it posted April-December gross sales up 21% to six trillion yen.
As Nippon Metal expands in lower-emission enterprise together with carbon seize and storage, it plans to difficulty a inexperienced bond on the Japanese market to co-finance manufacturing {of electrical} metal sheets utilized in eco-friendly automotive motors, it stated.
The scale and maturity of the bond are but to be introduced and the difficulty itself might are available March or later, Nippon Metal added.
($1 = 131.2300 yen)
(This story has been corrected to repair gross sales determine to six trillion yen, not 5.7 trillion yen, in paragraph 4.)
