Hanwa Co., Ltd.

To Our Shareholders and Investors

During the fiscal year, net sales increased by 23% YoY, to 2,668.2 billion yen, because as economic activities continued to be on the right track for recovery, price of the products represented by steel, non-ferrous metal and crude oil remained at a high level. In addition, enhancement in business performance of the overseas sales subsidiaries contributed to the net sales increase. Operating income increased by 3% YoY, to 64.1 billion yen, as segment income increased in Primary metals business and Energy & Living Materials business, while ordinary income increased by 2% YoY, to 64.2 billion yen, as dividend income from strategic investments increased and equity in earnings of affiliates expanded mainly in the Primary metals business, and net income attributable to owners of the parent increased by 18% to 51.5 billion yen, as recorded a gain on sale of property and equipment in extraordinary income.

With regard to year-end dividends, we resolved to distribute a dividend of 80 yen per share at the Ordinary General Meeting of Shareholders held on June 23, 2023. As a result, the annual dividend per share for the fiscal year ending March 2023, including the interim payment of 50 yen per share already implemented, is 130 yen.

We formulated the Medium-Term Business Plan for the period from FY 2023 to FY 2025 in May,2023. In this Medium-Term Business Plan, we will strengthen corporate foundation and improve medium-to long-term profitability in well-balanced manner, and advance initiatives aimed at achieving sustainable growth with a view toward FY2030. These targets are based on a three-tier approach that comprises "Sustainability management" as basement floor, "Enhancement of the Management Foundation" as 1st floor, "Development of Business Strategy" as the 2nd floor and "Generate profits from investment" as 3rd floor.

Going forward, we will continue to deepen implementation of our corporate strategies under the Medium-Term Business Plan, achieve sustainable growth and improve the overall corporate value of our Group, to meet the expectations of our shareholders and investors. We ask once again for your continued understanding and support.

June 2023

Yoichi Nakagawa


  • The Hanwa Scholarship Foundation Corporate Citizenship