Annual Report>2005>Financial Section>Consolidated Financial Highlights

CONSOLIDATED FINANCIAL HIGHLIGHTS

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JFE Holdings, Inc. and Consolidated Subsidiaries

Millions of yen
(Unless otherwise specified)
Thousands of U.S. dollars
Years ended March 31 2005 2004 2003 2005  
OPERATING RESULTS (FOR THE YEAR)
Net sales ¥2,803,699 ¥2,473,725 ¥2,426,886 $26,107,641  
EBITDA(2) 662,221 432,352 316,695 6,166,505  
Operating income 467,237 253,605 146,879 4,350,848  
Ordinary income(3) 460,684 218,372 104,670 4,289,827  
Net income 160,057 106,872 15,951 1,490,436  
FINANCIAL POSITION (AT YEAR-END)
Total assets 3,656,389 3,724,441 3,831,643 34,047,763  
Total shareholders' equity 968,614 746,298 594,563 9,019,600  
Debt outstanding 1,446,785 1,837,404 2,057,105 13,472,251  
RATIO
Return on sales (ROS)(4) 16.4% 8.8% 4.3%    
Return on assets (ROA)(5) 13.1% 6.5% 3.7%    
Return on equity (ROE)(6) 18.7% 15.9% 2.7%    
Equity ratio 26.5% 20.0% 15.5%    
Debt-to-equity(7) 149.4% 246.2% 346.0%    
PER SHARE DATA
Net income (Yen) ¥ 273.97 ¥ 185.84 ¥ 27.74 $ 2.55  
Shareholders' equity (Yen) 1,652.31 1,289.54 1,035.98 15.39  
Cash dividends (Yen) 45.00 30.00 15.00 0.42  
Reference: JFE Steel
Consolidated
Crude-steel output (thousand ton) 31,281 30,547 29,957    
Non-Consolidated
Crude-steel output (thousand ton) 27,648 27,007 26,475    
Shipment (thousand ton) 25,725 25,247 25,206    
Average sales price (yen/ton) 61,700 50,500 46,300    
Notes: (1) Translations of the Japanese yen amounts into U.S. dollars are made at the rate of 107.39 = U.S.$1.00, solely for the convenience of readers.
  (2) EBITDA = ordinary income + interest and discount expenses + depreciation
  (3) Ordinary income = operating income + non-operating income – non-operating expenses
  (4) Return on sales = ordinary income/net sales x 100
  (5) Return on assets = (ordinary income + interest and discount expenses)/total assets*x 100
* (Total assets at beginning of term + total assets at end of term)/2
  (6) Return on equity = net income/total shareholders’ equity**x 100
**(Total shareholders’ equity at beginning of term + total shareholders’ equity at end of term)/2
  (7) Debt-to-equity = debt outstanding/total shareholders’ equity


Net Sales and Ordinary Income and ROA
Net Income and ROE Total Shareholders' Equity
and Debt-to-Equity