Osaka Steel Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for the Year 2016
January 27, 2016
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Osaka Steel Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of JPY 42,074 million compared to JPY 51,501 million a year ago. Operating profit was JPY 6,176 million compared to JPY 6,541 million a year ago. Ordinary profit was JPY 6,369 million compared to JPY 6,703 million a year ago. Profit before income taxes was JPY 5,718 million compared to JPY 6,811 million a year ago. Profit attributable to owners of the parent of JPY 3,790 million, or JPY 97.38 per share compared to JPY 4,379 million or JPY 112.52 per share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2016. The company expects net sales of JPY 55,000 million, operating profit of JPY 7,800 million, ordinary profit of JPY 8,000 million and profit attributable to owners of the parent of JPY 4,900 million or JPY 125.89 per share.
The company provided dividend guidance for the year 2016. For the year, the company expected dividend of JPY 27.50 per share compared to paid dividend of JPY 22.50 per share a year ago.
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, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend Guidance for the Year 2016