Osaka Steel Co., Ltd.
Unknown
Presented consolidated results for the second quarter of fiscal 2026 and outlook for the fiscal year ending March 2027. Recorded extraordinary losses including disaster losses from the Kumamoto earthquake and suspension of Indonesian operations. Interim dividend is 0 yen at this time and year-end dividend is forecasted at 0 yen, while the past policy of a special dividend of 69 yen will be maintained as a shareholder return policy. Planned share buyback as shareholder return (2,800,000 shares, approximately 5,880 million yen, period 2026/11/5-12/3).
Key Figures
- Accounts payable 9,700 million yen → 8,600 million yen, Short-term borrowings 16,500 million yen → 11,500 million yen, Cash and cash equivalents 19,700 million yen → 18,800 million yen
- Treasury stock -26,600 million yen (treasury stock account on the balance sheet), Total net assets 113,500 million yen → 111,300 million yen
- Extraordinary losses: Recorded disaster losses (related to the Kumamoto earthquake)
AI要約
Overview of Performance and Financial Condition
This fiscal period was affected by the Kumamoto earthquake and rising raw material costs, resulting in deterioration in ordinary profit/loss year-over-year. Revenue was 48,600 million yen for the first half and the full-year outlook is 95,100 million yen, with disaster losses recorded as extraordinary losses. Recovery-related shipment recovery in the second half and the effect of revised selling prices are expected to improve margins. However, disaster losses from the Kumamoto earthquake and potential ongoing foreign exchange losses may continue to have an impact.
Shareholder Returns and Capital Policy
Regarding dividends, interim dividend is assumed to be 0 yen and the year-end dividend is assumed to be 0 yen. At the same time, as part of efforts to improve capital efficiency and return cash to shareholders, a resolution was made to acquire treasury stock. Planned purchase volume is 2,800,000 shares, total acquisition amount approximately 5,880 million yen, acquisition period November 5, 2026 to December 3, 2026.
Osaka Steel Co., Ltd.
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