Osaka Steel (5449) Q2 2025 earnings summary

Executive summary

• Net sales for the first half of fiscal 2024 rose 4.2% year-over-year to ¥59,949 million, but operating profit declined 33.7% to ¥2,394 million and ordinary profit fell 46.6% to ¥1,901 million.

• Profit attributable to owners of parent dropped 49.1% year-over-year to ¥1,158 million, with EPS at ¥29.77 compared to ¥58.53 in the prior year.

Financial highlights

• Gross profit decreased to ¥6,215 million from ¥7,086 million year-over-year, while selling, general, and administrative expenses increased to ¥3,821 million.

• Comprehensive income for the first half was ¥1,723 million, down from ¥3,858 million in the previous year.

• Cash and cash equivalents at the end of the period were ¥41,245 million, down from ¥62,472 million at the start of the period.

Outlook and guidance

• Full-year fiscal 2024 net sales are forecast at ¥115,000 million, down 2.0% year-over-year, with operating profit expected to decline 24.4% to ¥5,300 million.

• Ordinary profit is projected at ¥4,500 million (down 28.6%), and profit attributable to owners of parent at ¥2,800 million (down 10.3%), with EPS forecast at ¥71.94.

• Dividend forecast for fiscal 2024 is ¥34.00 per share, up from ¥24.50 in the previous year.