Osaka Steel Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2015; Revises Earnings Guidance for the Year Ending March 31, 2016
October 28, 2015
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Osaka Steel Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported net sales of JPY 28,877 million compared to JPY 34,452 million a year ago. Operating income was JPY 3,706 million compared to JPY 3,820 million a year ago. Ordinary income was JPY 3,843 million compared to JPY 3,909 million a year ago. Profit before income taxes was JPY 3,192 million compared to JPY 3,192 million a year ago. Profit attributable to owners of the parent of JPY 2,088 million, or JPY 53.65 per share compared to JPY 2,517 million or JPY 64.69 per share a year ago. Net cash provided by operating activities was JPY 3,416 million against JPY 5,215 million a year ago. Purchase of non-current assets was JPY 1,005 million against JPY 956 million a year ago.
The company revised earnings guidance for the year ending March 31, 2016. The company expects net sales of JPY 58,000 million, operating income of JPY 6,800 million, ordinary profit of JPY 7,000 million and profit attributable to owners of the parent of JPY 4,200 million or JPY 107.91 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 Six Months Ended September 30, 2015; Revises Earnings Guidance for the Year Ending March 31, 2016