TOKYO, May 12 (Pulse News Wire) – Osaka Steel CO.,LTD. (5449.T) reported a lower net profit of ¥203.5 billion for the fiscal year ended March 31, 2026, compared to a profit of ¥33 million in the previous year.
The significant decline was primarily due to a -¥200 million special loss related to the shutdown of its Indonesian subsidiary, PT. Krakatau Osaka Steel (KOS). In the fiscal year ending March 31, 2026, Osaka Steel's sales revenue decreased to ¥950.9 billion from ¥1,164.2 billion in the prior year. Operating income was ¥300 million from ¥4.911 billion, while ordinary income dropped to a loss of ¥1.2 billion from a profit of ¥4.911 billion. The company also noted that steel sales volume declined to ¥913 thousand tons from ¥1,047 thousand tons in the previous year.
Additionally, KOS’s contribution saw a sharp downturn, with sales falling to ¥206 thousand tons from ¥281 thousand tons last year, resulting in a ¥1.300 billion lower operating profit compared to a ¥1.21 billion loss previously. Looking ahead, Osaka Steel expects sales revenue of ¥980 billion and ordinary income of ¥950 million for the fiscal year ending March 31, 2027. The company plans to focus on enhancing product competitiveness, improving delivery times, and strengthening operational efficiency across its four domestic locations. It will continue efforts towards carbon neutrality and digital transformation (DX) initiatives aimed at boosting labor productivity. Regarding dividend policy, the company decided to maintain a payout ratio of around 41%, but due to the weak performance, no dividends will be paid out for the current fiscal year.
Future dividend decisions will depend on ongoing assessments of economic conditions and future performance trends.
Financial results — FY2026/3 (consolidated)
| Metric | Current | YoY |
|---|---|---|
| Revenue | ¥95,096M | -18.3% |
| Operating profit | ¥-259M | +33.0% |
| Net profit | n/a | n/a |
Source: TDNet filing · Figures in millions of yen
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