Osaka Steel Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
January 31, 2018
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Osaka Steel Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 57,679 million as compared to JPY 43,612 million for the same period last year. Operating profit was JPY 5,229 million as compared to JPY 4,232 million for the same period last year. Ordinary profit was JPY 5,162 million as compared to JPY 4,233 million for the same period last year. Profit attributable to owners of parent was JPY 3,334 million as compared to JPY 1,723 million for the same period last year. Earnings per share was JPY 85.66 as compared to JPY 44.27 for the same period last year. Profit before income taxes was JPY 5,162 million as compared to JPY 2,657 million for the same period last year.
For the year ending March 31, 2018, the company expects net sales of JPY 80,000 million, operating profit of JPY 6,500 million, ordinary profit of JPY 6,500 million, profit attributable to owners of parent of JPY 4,200 million and earnings per share of JPY 107.91.
OSAKA STEEL CO., LTD. is a company mainly engaged in the steel business. The Company is engaged in the manufacture and sale of various types of steel products, such as shape steels, flat steels, steel bars, square steel bars and steel processed products. Through subsidiaries, the Company is also engaged in the provision of delivery services and premises operation business.
Osaka Steel Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018