Non-Energy Minerals

Aichi Steel Corp.

Business Summary

Aichi Steel Corp. engages in the manufacture and sale of specialty steels, forgings, and electromagnetic products. It operates through the following segments: Steel Company, Forging Company, Smart Company, and Other. The Steel Company segment offers hot-rolled steel materials, secondary steel processing products, and steelmaking materials. The Forging Company segment provides stamped and forged products for automobile and machine parts. The Smart Company segment includes electronic functional materials, magnet application products, and metal fibers. The Other segment deals in computer software development, sales of goods, and greening activities. The company was founded by Kiichiro Toyoda on March 8, 1940 and is headquartered in Tokai, Japan.

Financial Highlights

Mar 2023	JPY	USD
Revenue	285,141M	2,104.09M
Gross Profit	29,068M	214.49M
Operating income	3,923M	28.94M
Income before tax	4,099M	30.24M
Net income	1,610M	11.88M
EBITDA	21,744M	160.45M
Diluted EPS	81.63	0.60
Dividends Per Share	30	0.22
Total Assets	385,449M	2,896.15M
Total liabilities	171,124M	1,285.77M
Total equity	203,760M	1,530.99M
Operating cash flow	13,028M	96.13M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	257,315M	242,262M	202,247M	260,117M	285,141M
Gross Profit	34,206M	37,108M	26,211M	26,307M	29,068M
Operating income	11,120M	13,902M	4,832M	3,122M	3,923M
Income before tax	10,455M	13,158M	5,552M	2,895M	4,099M
Net income	6,503M	8,544M	3,137M	1,090M	1,610M
EBITDA	25,543M	29,786M	21,735M	20,398M	21,744M
Diluted EPS	330.38	434.05	159.22	55.25	81.63
Dividends Per Share	120	130	45	30	30
Total Assets	290,294M	288,889M	353,043M	364,400M	385,449M
Total liabilities	128,401M	125,195M	150,156M	151,921M	171,124M
Total equity	152,638M	154,648M	192,953M	201,548M	203,760M
Operating cash flow	13,580M	36,308M	15,896M	5,210M	13,028M

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	2,320.35M	2,228.19M	1,906.95M	2,314.77M	2,104.09M
Gross Profit	308.45M	341.29M	247.13M	234.10M	214.49M
Operating income	100.27M	127.86M	45.56M	27.78M	28.94M
Income before tax	94.27M	121.02M	52.34M	25.76M	30.24M
Net income	58.64M	78.58M	29.57M	9.69M	11.88M
EBITDA	230.33M	273.95M	204.93M	181.52M	160.45M
Diluted EPS	2.97	3.99	1.50	0.49	0.60
Dividends Per Share	1.08	1.19	0.42	0.26	0.22
Total Assets	2,622.70M	2,676.01M	3,194.95M	3,002.26M	2,896.15M
Total liabilities	1,160.05M	1,159.69M	1,358.87M	1,251.66M	1,285.77M
Total equity	1,379.03M	1,432.52M	1,746.18M	1,660.53M	1,530.99M
Operating cash flow	122.45M	333.94M	149.88M	46.36M	96.13M

Valuation Measures

Mar 2023
PER	28.66
ROA	0.42%
ROE	0.79%
Operating margin	1.37%
Profit margin	0.56%

Key executives

President & Representative Director: Takahiro Fujioka
Executive Officer & Head-IT Management: Masato Soji
Representative Director & Vice President: Motoshi Nakamura
Director & Managing Executive Officer: Ichie Nomura
Senior Executive Officer & GM-Customer: Toshiyuki Yamanaka

Shareholders

Toyota Motor Corp. (23.7%)
NIPPON STEEL CORP. (7.6%)
Toyota Industries Corp. (6.8%)
Sumitomo Mitsui Financial Group, Inc. (2.4%)
Mitsubishi UFJ Financial Group, Inc. (2.3%)
Toyota Fudosan Co., Ltd. (2.3%)
Dimensional Fund Advisors LP (2.2%)
Aichi Steel Employee Stock Ownership Plan (1.9%)
Nomura Asset Management Co., Ltd. (1.7%)
Aichi Steel Business Association (1.5%)

Contact Details

Website:http://www.aichi-steel.co.jp
Address: 1 Wanowari, Arao-machi, Tokai, 476-8666, Japan
Phone: +81.52.604.1111

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Competitors

SAMWONSTEEL Co., Ltd.

Last Updated on 7 Jun, 2023