Osaka Steel Co., Ltd.
Notice Regarding Recognition of Extraordinary Loss and Non-Operating Expense (Foreign Exchange Loss)
Osaka Steel Co., Ltd. expects to record an extraordinary loss of approx. 2,000 million yen related to the Kumamoto earthquake and a foreign exchange loss of approx. 1,700 million yen in the consolidated interim period for the fiscal year ending March 2027. The impact on results will be disclosed in the financial summary scheduled for publication in November 2026.
Key Figures
- Extraordinary Loss: approx. 2,000 million yen
- Non-Operating Expense (Foreign Exchange Loss): approx. 1,700 million yen
- Scheduled Publication Date: 2026-11-04
AI要約
Overview
Osaka Steel Co., Ltd. stated that, due to the Kumamoto earthquake in July 2026 which affected the West Japan Kumamoto Plant and Nishi-Ko Logistics Co., Ltd., it expects to record approximately 2,000 million yen as an extraordinary disaster-related loss in the consolidated interim period for the fiscal year ending March 2027. In addition, it expects to record approximately 1,700 million yen as a non-operating expense arising from foreign currency translation differences on overseas assets. These impacts on financial results will be reflected in the "Financial Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)" scheduled to be published on November 4, 2026.
Future Disclosures and Impact
The estimates are amounts within a reasonable range at this time, but additional losses may occur in the future. Once the financial summary discloses the official impact amount, investors should update their assessment of the company's financial position. The foreign exchange loss will fluctuate depending on movements in the foreign exchange market.
Osaka Steel Co., Ltd.
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