Osaka Steel announced the suspension of operations of its consolidated subsidiary PT.KRAKATAU OSAKA STEEL, with production ceasing on April 30, 2026, and business termination scheduled for June 30. The company will withdraw from its Indonesia business and expects to record losses.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5449","jir_company_name":"Osaka Steel Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-23","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/5449-20260123-01.pdf","jir_short_summary":"Osaka Steel announced the suspension of operations of its consolidated subsidiary PT.KRAKATAU OSAKA STEEL, with production ceasing on April 30, 2026, and business termination scheduled for June 30. The company will withdraw from its Indonesia business and expects to record losses.","jir_summary":"### Overview of Suspension of Operations of Consolidated Subsidiary\nOsaka Steel Co., Ltd. has resolved to suspend operations of its consolidated subsidiary PT.KRAKATAU OSAKA STEEL (KOS). KOS is a joint venture with Indonesia\u2019s PT KRAKATAU STEEL, commencing commercial production in 2017. Although it became profitable in 2021, deficits have persisted since 2022. Due to a sharp decline in demand following the Indonesian government\u2019s infrastructure budget cuts in early 2025 and ongoing structurally negative free cash flow, the company determined that continuing the business was impractical and decided to withdraw. Production is planned to cease on April 30, 2026, with business termination on June 30, 2026.\n\n### Future Outlook and Impact\nLosses associated with the withdrawal from the Indonesia business are expected to be recorded; however, the timing and amount remain uncertain at this point. Discussions with the joint venture partner, Krakatau Steel, are ongoing, and disclosures will be made promptly once decisions are finalized. Osaka Steel holds an 86% stake in KOS and has directors concurrently serving as employees, as well as personnel secondments. There are transactional relationships, and KOS qualifies as a related party as a consolidated subsidiary.","jir_financial_highlights":"Net Sales: \u00a525,394 million (Fiscal Year Ending December 2024) (Year-over-Year +28.6% increase (from \u00a519,752 million for Fiscal Year Ending December 2023))\nOperating Income: \u00a515 million (Fiscal Year Ending December 2024) (Year-over-Year improvement (\u00a5-762 million for Fiscal Year Ending December 2023))\nNet Income Attributable to Owners of Parent: \u00a5-1,302 million (Fiscal Year Ending December 2024) (Continued deficit)","jir_category":"","jir_hashtags":"#OsakaSteelCoLtd, #BusinessSuspension, #WithdrawalFromIndonesiaBusiness, #business_update, #JapaneseStocks","jir_key_figures":"Capital of PT.KRAKATAU OSAKA STEEL: 100 million USD\nOwnership ratio: Osaka Steel 86%, PT KRAKATAU STEEL (PERSERO) Tbk 14%\nPlanned suspension dates: Production suspension on April 30, 2026; Business termination on June 30, 2026","jir_meta_title":"Osaka Steel Plans Suspension of Operations of Consolidated Subsidiary PT.KRAKATAU OSAKA STEEL in April 2026","jir_meta_description":"Osaka Steel Co., Ltd. has resolved to suspend operations of its consolidated subsidiary PT.KRAKATAU OSAKA STEEL. The company will exit its Indonesia business, with production ceasing in April 2026 and business termination in June 2026. Losses are expected but details remain undecided.","jir_og_title":"Osaka Steel Announces Suspension of Operations of Consolidated Subsidiary","jir_og_description":"Osaka Steel Co., Ltd. has decided to suspend operations of its Indonesia consolidated subsidiary. Production will stop in April 2026, and business will end in June 2026. Attention is focused on forthcoming loss recognition.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9452,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-20717","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n