NIPPON STEEL CORPORATION [5401.T]
TOKYO, May 12 (Pulse News Wire) – NIPPON STEEL CORPORATION (5401.T) announced today that its subsidiary Osaka Steel Corporation reported a difference between forecasted and actual quarterly results for the fiscal year ending March 31, 2026. Osaka Steel's operating profit fell below expectations due to lower sales volumes than initially planned, particularly in the construction sector, and margin deterioration caused by rising raw material costs.
However, the company’s ordinary profit saw an increase due to favorable foreign exchange gains. Net income was negatively impacted by anticipated losses from the dissolution of PT.
Krakatau Osaka Steel, resulting in a lower net profit of 193.5 billion yen and a withdrawal expense of 45 billion yen recorded as extraordinary losses. The impact on Nippon Steel's consolidated earnings remains minor according to the parent company.
Osaka Steel's detailed performance figures show: | Item | Forecasted Value (A) | Actual Value (B) | Difference (B-A) | |------------------|----------------------------|-------------------------|--------------------| | Revenue | ¥79.30 billion | ¥74.79 billion | -¥4.509 billion (-5.7%) | | Operating Profit | ¥2.550 billion | ¥1.078 billion | -¥1.472 billion (-57.7%) | | Ordinary Profit | ¥3.050 billion | ¥3.204 billion | ¥154 million (+5.0%) | | Net Income | ¥2.220 billion | -¥21.60 billion | -¥23.82 billion | For the previous fiscal year ended March 31, 2025, Osaka Steel reported revenues of ¥91.83 billion, operating profits of ¥4.645 billion, ordinary profits of ¥5.783 billion, and net income of ¥2.906 billion.
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