Osaka Steel Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, the Group reported net sales of JPY 62,135 million, operating income of JPY 5,955 million, ordinary income of JPY 5,931 million and profit attributable to owners of the parent of JPY 2,769 million or JPY 71.16 per share as compared to net sales of JPY 54,677 million, operating income of JPY 8,100 million, ordinary income of JPY 8,284 million and profit attributable to owners of the parent of JPY 10,350 million or JPY 265.92 per share for the same period a year ago. Profit before income taxes was JPY 4,290 million compared to JPY 10,911 million a year ago. Net cash provided by operating activities was JPY 4,924 million compared to JPY 9,864 million a year ago. Purchase of non-current assets was JPY 12,115 million compared to JPY 3,240 million a year ago. Return on equity was 2.0% against 7.8% a year ago. Return on assets was 3.6% against 5.5% a year ago.

For the year, the parent company (non-consolidated) reported net sales of JPY 45,147 million, operating income of JPY 4,669 million, ordinary income of JPY 4,543 million and profit of JPY 2,023 million or JPY 51.98 per share as compared to net sales of JPY 48,847 million, operating income of JPY 7,637 million, ordinary income of JPY 7,908 million and profit of JPY 6,121 million or JPY 157.27 per share for the same period a year ago.

The company announced year end dividend of JPY 17.50 per share compared to JPY 37.50 per share declared last year.