Nippon Steel Engineering Targets 500B Yen Net Sales with 7% ROS in F2015

Mr. Toru Haya, president of Nippon Steel Engineering, and Mr. Makoto Takahashi, the firm’s next president, attended a press conference in Tokyo on 25 March. Mr. Takahashi explained the firm targets consolidated net sales at 400-500 billion yen with ROS (Return on Sales) at 7% along its mid-term management plan until March 2016 by improvement of cost competitiveness and acceleration of overseas business. Mr. Takahashi announced the firm sets cost reduction target by 30% in each division and by 10-15% as all of the company until the first half of fiscal 2012 while the firm tries to raise consolidated sales ratio of overseas business to 40% from present 15-25%.

Mr. Haya commented his job was to achieve consolidated net sales at 380 billion yen with ROS 5-7% and to enhance the firm’s basic competitiveness. Mr. Haya explained the firm’s next target is to enhance special business fields. Mr. Haya appreciated Mr. Takahashi has both comprehensive and specialized aspects to manage Nippon Steel Engineering that involves various business fields.