Business Lines

The Metal Products Business Unit is involved in the trade of steel products (steel sheets, tubular products, etc.) and non-ferrous metals (aluminum, titanium, etc.), as well as a wide range of processing ventures both domestically and internationally.

Historical Data

Note)	We prepared consolidated financial statements in accordance with International Financial Reporting Standards ("IFRSs") from the fiscal year ended March 31, 2011. The date of transition to IFRSs was April 1, 2009. We established quantitative targets in our medium-term management plan based on U.S.GAAP until the fiscal year ended March 31, 2011. For readers' convenience, we disclose the consolidated financial information based on U.S.GAAP and IFRSs for the fiscal year ended March 31, 2011. FY2011 Forecast: Announced in November, 2011.
*	Calculation:	(Gross profit-Selling, general and administrative expenses (excluding provision for doubtful receivables)-Interest expenses, net of interest income+Dividends) x 59% (to take into account income taxes)+ Share of profit of investments accounted for using the equity method

Overview of Operation