[Nippon Steel] Announcement of Difference Between Full-Year Performance Estimates and Actual Results of Subsidiaries | May 2026

Performance Overview

Osaka Steel's full-year performance for the fiscal year ending March 2026 was net sales of 74,791 million yen, reflecting a decrease of △4,509 million yen, or 5.7%, from the previous estimate. Operating income was 1,078 million yen, down △1,472 million yen or 57.7%. Ordinary income increased by 154 million yen to 3,204 million yen, but net income attributable to owners of parent posted a significant deficit of △21,600 million yen. The main factors include sluggish construction demand and margin deterioration due to rising scrap prices. The impact on consolidated results is considered minimal.

Future Outlook and Impact on Shareholders

While the discrepancy announcement has led to a downward revision of the company's full-year performance from the previous estimate, the impact on consolidated results is deemed minor. Future performance may improve depending on the recovery of construction demand and trends in scrap prices. Investors should understand the short-term factors behind the performance deterioration while focusing on the long-term stability of the business foundation.