Quotes from the news wire:
What we can say is that we'll cover a shortfall in seamless pipes by lower fuel expenses, save 50 billion yen from other cost cuts this year, in addition, we aim to boost profits of overseas units by 50 billion yen over the next three years.
– Executive Vice President Katsuhiko Ota
Found on Reuters 9 years ago
For this business year, seamless demand is likely to fall about 20-30 percent as oil majors have warned that they would cut their orders that much, our product mix will get worse because seamless pipes generate higher margins than other products.
– Executive Vice President Katsuhiko Ota
Found on Reuters 9 years ago
The fuel cost for bulker (vessels) and trucks to deliver our products to customers are down sharply, those costs will add up. We don't know if we can completely offset the impact from weaker demand, but we aim to offset most of it.
– Executive Vice President Katsuhiko Ota
Found on Reuters 9 years ago
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