Osaka Steel Co., Ltd. Revises Consolidated Earnings Guidance for the First Half Ending September 30, 2016 and Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
July 28, 2016 at 09:00 am EDT
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Osaka Steel Co., Ltd. revised consolidated earnings guidance for the first half ending September 30, 2016 and consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2017. For the first half, the consolidated company expected net sales of ¥28,000 million, operating profit of ¥2,500 million, ordinary profit of ¥2,500 million and profit attributable to owners of the parent of ¥900 million or ¥23.12 per share.
For the fiscal year 2017, the consolidated company expected net sales of ¥60,000 million, operating profit of ¥6,900 million, ordinary profit of ¥7,000 million and profit attributable to owners of the parent of ¥4,000 million or ¥102.77 per share.
For the fiscal year 2017, the non-consolidated company expected net sales of ¥45,000 million, operating profit of ¥5,200 million, ordinary profit of ¥5,300 million and profit attributable to owners of the parent of ¥2,900 million or ¥74.51 per share. The Company announces its earnings forecasts for the fiscal year ended March 31, 2017, which had been undetermined at the time of the announcement of the results for the fiscal year ended March 31, 2016 (on April 27, 2016), as a result of difficulty in reasonably calculating earnings forecasts due to uncertain influence of the 2016 Kumamoto Earthquakes.
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. Revises Consolidated Earnings Guidance for the First Half Ending September 30, 2016 and Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017