Osaka Steel Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 18,299 million, operating income of JPY 2,342 million, ordinary income of JPY 2,380 million and profit attributable to owners of the parent of JPY 1,559 million or JPY 40.07 per share compared to net sales of JPY 13,220 million, operating income of JPY 1,022 million, ordinary income of JPY 1,057 million and loss attributable to owners of the parent of JPY 26 million or JPY 0.68 per share a year ago. Income before income taxes was JPY 2,380 million against JPY 57 million a year ago.

For the first half of fiscal 2017, the company expects net sales of JPY 36,000 million, operating income of JPY 3,400 million, ordinary income of JPY 3,400 million and profit attributable to owners of the parent of JPY 2,300 million or JPY 59.09 per share.

For the fiscal year ending March 31, 2018, the company expects net sales of JPY 78,000 million, operating income of JPY 7,500 million, ordinary income of JPY 7,500 million and profit attributable to owners of the parent of JPY 5,200 million or JPY 133.60 per share.