Osaka Steel Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the period, net sales were JPY 27,470 million against JPY 28,877 million a year ago. Operating income was JPY 2,626 million against JPY 3,706 million a year ago. Ordinary income was JPY 2,631 million against JPY 3,843 million a year ago. Profit attributable to owners of parent was JPY 859 million against JPY 2,088 million a year ago. Earnings per share were JPY 22.08 against JPY 53.65 a year ago. Profit before income taxes was JPY 1,344 million against JPY 3,192 million a year ago. Net cash provided by operating activities was JPY 3,413 million against JPY 3,416 million a year ago. Purchase of non-current assets was JPY 5,744 million against JPY 1,005 million a year ago.

For fiscal year ending March 31, 2017, on consolidated basis, the company expects net sales of JPY 60,000 million, operating income of JPY 6,900 million, ordinary income of JPY 6,900 million, profit attributable to owners of parent of JPY 4,000 million or JPY 102.77 per share.