Aichi Steel Corp, 8T2:DEU profile

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About the company

AICHI STEEL CORPORATION is a Japan-based company mainly engaged in the production and sale of steel products, forged products, electronic functional materials and parts, and magnet applied products. It has four business segments. Steel (Hagane) Company segment is engaged in the manufacture and sale of hot-rolled steel, secondary processed steel products and stainless steel structural materials, the production of steelmaking materials, and transportation and storage of steel products. Forging (Kitael) Company segment is engaged in the manufacture and sale of stamped and forged products such as automotive parts and machine parts. Smart Company segment manufactures and sells electronic functional materials and parts, magnet applied products, plant active materials, and metal fibers. Products include amorphous magnetic impedance (MI) sensors, denture attachments and neodymium anisotropic bonded magnets. Other segment provides software development, product sales and greening services.

Revenue in JPY (TTM)292.17bn
Net income in JPY5.02bn
Incorporated1940
Employees4.57k

Location
Aichi Steel Corp1, Wanowari, Arao-machiTOKAI-SHI 476-8666JapanJPN
Phone+81 526041111
Fax+81 526031835
Websitehttps://www.aichi-steel.co.jp/

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Income statement (JPY)

Year on year Aichi Steel Corp grew revenues 3.99% from 285.14bn to 296.52bn. In addition the company has reduced the cost of goods sold as a percent of sales, selling, general and administrative expenses as a percent of sales and interest paid as a percent of sales. These improvements contributed to 309.31% net income growth from 1.61bn to 6.59bn.

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