Osaka Steel Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
January 30, 2017
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Osaka Steel Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 43,612 million, operating income of JPY 4,232 million, ordinary income of JPY 4,233 million and profit attributable to owners of the parent of JPY 1,723 million or JPY 44.27 per share as compared to net sales of JPY 42,074 million, operating income of JPY 6,176 million, ordinary income of JPY 6,369 million and profit attributable to owners of the parent of JPY 3,790 million or JPY 97.38 per share for the same period a year ago. Profit before income taxes was JPY 2,657 million compared to JPY 5,718 million a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of JPY 61,000 million, operating income of JPY 6,000 million, ordinary income of JPY 6,000 million and profit attributable to owners of the parent of JPY 2,900 million or JPY 74.51 per share.
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, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017