OSAKA STEEL, The Current Fiscal Year Ordinary Profit Revised Upward by 22%

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Fri Jan 31, 2025 1:00 pm JST Earnings

5449 OSAKA STEEL CO.,LTD. 【J-GAAP】

Earnings Report

OSAKA STEEL CO.,LTD. <5449> [TSE Std] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 25.4% from the same period last year to 3.58 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 22.2%, from the previous forecast of 4.5 billion yen to 5.5 billion yen (compared to 6.3 billion yen in the previous period), and the declining rate is expected to decrease from 28.6% to 12.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 38.5%, from the previous forecast of 2.59 billion yen to 3.59 billion yen (compared to 2.74 billion yen in the same period of the previous year), turning to a 31.3% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 35.1% from the same period last year, reaching 1.68 billion yen. However, the operating profit margin worsened from 5.2% in the same period last year to 3.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	85,795	4,693	5,503	2,449	63.0	86.2	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	86,644	5,123	4,811	2,556	65.7	76.3	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	88,143	3,361	3,588	2,181	56.0	65.2	Jan 31, 2025	J-GAAP
YoY	+1.7%	-34.4%	-25.4%	-14.7%	-14.7%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	55,051	2,906	2,599	1,642	42.2	19	Oct 30, 2024	J-GAAP
Oct - Mar, 2024 New	55,051	2,906	3,599	2,442	62.8	19	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	0.0%	+38.5%	+48.7%	+48.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	115,000	5,300	4,500	2,800	71.9	34	Oct 30, 2024	J-GAAP
Mar, 2025 New	115,000	5,300	5,500	3,600	92.5	34	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	0.0%	+22.2%	+28.6%	+28.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	59,570	3,402	2,742	843	21.7	14.50	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	55,051	2,906	3,599	2,442	62.8	19	Jan 31, 2025	J-GAAP
YoY	-7.6%	-14.6%	+31.3%	+189.7%	+189.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	117,141	5,935	6,384	2,903	74.6	22.50	Apr 27, 2023	J-GAAP
Mar, 2024	117,127	7,013	6,304	3,121	80.2	24.50	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	115,000	5,300	5,500	3,600	92.5	34	Jan 31, 2025	J-GAAP
YoY	-1.8%	-24.4%	-12.8%	+15.3%	+15.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	29,087	1,512	1,249	278	7.1	5.2	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	30,483	1,890	1,493	565	14.5	6.2	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	31,626	2,151	3,526	2,317	59.6	6.8	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	28,323	243	-1,625	-1,159	-29.8	0.9	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	28,194	967	1,687	1,023	26.3	3.4	Jan 31, 2025	J-GAAP
YoY	-3.1%	-36.0%	+35.1%	+268.0%	+268.2%