Osaka Steel Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the period, net sales were JPY 35,709 million against JPY 27,470 million a year ago. Operating profit was JPY 3,408 million against JPY 2,626 million a year ago. Ordinary profit was JPY 3,380 million against JPY 2,631 million a year ago. Profit attributable to owners of parent was JPY 2,162 million against JPY 859 million a year ago. Earnings per share were JPY 55.56 against JPY 22.08 a year ago. Profit before income taxes was JPY 3,380 million against JPY 1,344 million a year ago. Net cash used in operating activities was JPY 63 million against cash provided by operating activities was JPY 3,413 million a year ago. Purchase of non-current assets was JPY 6,770 million against JPY 5,744 million a year ago.

For fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 80,000 million, operating profit of JPY 7,000 million, ordinary profit of JPY 7,000 million, profit attributable to owners of parent of JPY 4,700 million or JPY 120.76 per share.

Company announced dividend of JPY 12.50 for the second quarter ended September 30, 2017 compared to JPY 12.50 paid a year ago.