OREANDA-NEWS. Nippon Steel & Sumitomo Metal Corporation Announced sales and income through the third quarter of fiscal 2012.

The Company posted consolidated net sales of JPN 3,072.6 billion, an operating loss of JPN 5.9 billion, and ordinary profit of JPN 32.0 billion. The Company reported a net loss of JPN 151.9 billion for the third quarter of the fiscal year as an unavoidable result of the booking of a JPN 234.0 billion special loss from impairment losses, including for the Hirohata Works and Sakai Works, and the impact of the sluggish stock markets, which led to a loss on sales of investments in securities, including from the sale of shares of Sumitomo Metal Industries, Ltd.

The Company’s forecasts for consolidated financial performance for the second half of fiscal 2012 are ordinary profit of JPN 40.0 billion and a net profit of JPN 35.0 billion.

The Company’s forecasts for consolidated financial performance for the second half of fiscal 2012, ending March 31, 2013, are net sales of JPN 4,300.0 billion, ordinary profit of JPN 60.0 billion, and a net loss of JPN 140.0 billion.