Osaka Steel (5449) Q1 2025 earnings summary

Executive summary

• Net sales increased by 2.4% year-over-year to ¥31,626 million for the first quarter of fiscal 2024.

• Operating profit declined by 22.4% year-over-year to ¥2,151 million.

• Ordinary profit rose 22.1% year-over-year to ¥3,526 million, driven by higher non-operating income, especially foreign exchange gains.

• Profit attributable to owners of parent increased 15.0% year-over-year to ¥2,317 million.

• Comprehensive income surged 139.8% year-over-year to ¥2,180 million.

Financial highlights

• Gross profit decreased to ¥4,197 million from ¥4,514 million year-over-year.

• Selling, general and administrative expenses rose to ¥2,045 million from ¥1,739 million year-over-year.

• Earnings per share for the quarter were ¥59.55, up from ¥51.77 year-over-year.

• Total assets remained stable at ¥204,642 million as of June 30, 2024.

• Shareholders' equity ratio improved to 75.1% from 74.3% at the end of the previous fiscal year.

Outlook and guidance

• Full-year net sales forecast at ¥120,000 million, up 2.5% year-over-year.

• Full-year operating profit forecast at ¥5,900 million, down 15.9% year-over-year.

• Full-year ordinary profit forecast at ¥6,500 million, up 3.1% year-over-year.

• Full-year profit attributable to owners of parent forecast at ¥4,400 million, up 41.0% year-over-year.

• Full-year earnings per share forecast at ¥113.05.