TOKYO, May 12 (Pulse News Wire) – Osaka Steel CO.,LTD. (5449.T) reported its consolidated earnings for the fiscal year ending March 31, 2026, showing a significant deviation from previously forecast figures.
According to the company's statement released today, operating profit was projected at ¥98.00 billion but was ¥95.10 billion, marking a decrease of ¥2.904 billion compared to the previous estimate. Similarly, ordinary profit declined from ¥--¥800 million to ¥33 million, while net income per share dropped from ¥--¥26.7 million to ¥--¥699.8 million. The discrepancy stems primarily from a special loss of ¥20.14 billion recorded due to the anticipated dissolution of PT.
Krakatau Osaka Steel, a consolidated subsidiary. This unexpected development led to a reduction in overall profitability, resulting in a negative variance across key performance indicators. In comparison to the prior fiscal year, which ended March 31, 2025, Osaka Steel’s revenue stood at ¥116.4 billion, with operating profit at ¥5.328 billion, ordinary profit at ¥4.911 billion, and net income per share at ¥82.9 million.
The company attributes the recent downturn largely to unforeseen circumstances surrounding the subsidiary's dissolution.
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