Flash Report Consolidated Basis
Results for the First Quarter of Fiscal 2022
(April 1, 2022-June 30, 2022)＜under Japanese GAAP＞
July 28, 2022
OSAKA STEEL CO., LTD.
Standard Market,Tokyo Stock Exchange5449
https://www.osaka-seitetu.co.jp
Taisuke Nomura, PRESIDENT
Hidehiko Shimada,
GENERAL MANAGER,
HEAD OF ACCOUNTING & FINANCE DIV.
+81-6-6204-0163

Company name:
Stock listing:Code number:
URL:
Representative:
Contact:
Telephone:(Figures of less than ¥1 million have been omitted.)

1. Consolidated Financial and Operating Results for the First Quarter of Fiscal 2022
(April 1, 2022-June 30, 2022)(1)Consolidated Operating Results（Percentage figures represent changes from the same period of the previous fiscal year.）Net sales
Millions ofyenFirst quarter of Fiscal 2022
28,018Operating profit

Millions of％
yen
25.5
1,908

Millions of％
yen
6.6
2,470

owners of parent
Millionsof％％
yen
51.8
810
(25.1)First quarter of Fiscal 2021
22,324
10.8
1,790
141.7
1,627
(Reference) Comprehensive income:First quarter of Fiscal 2022 ¥ 867 million(33.6)%First quarter of Fiscal 2021 ¥ 1,306 million― %Earnings per share
Yen

Profit attributable toOrdinary profit

―

1,082

―

Earnings per shareafter full dilution
YenFirst quarter of Fiscal 2022

20.82

―

First quarter of Fiscal 2021

27.81

―

(2)Consolidated Financial Results

First quarter of Fiscal 2022
Fiscal 2021
(Reference) Shareholders’ equity:

Total assets

Net assets

Millions of yen

Millions of yen
213,080
208,294First quarter of Fiscal 2022 ¥148,964
Fiscal 2021
¥148,652

millionmillionRatio of shareholders’ equity
to total assets％151,355

69.9

151,028

71.4

２．Dividends
Dividends per share
End of firstEnd of second

End of thirdquarter
Yenquarter
Yenquarter
Yen

Fiscal 2021―

Fiscal 2022―

Fiscal 2022(Forecasts)

End of fiscal year

TotalYen

Yen

7.00

―

13.50

20.50

8.00

―

―

―

(Note) Whether the dividend forecasts under review have been revised ：Yes
The dividend forecasts of end of fiscal year for fiscal 2022 are not decided.

３．Consolidated Financial Forecasts for Fiscal 2022(April 1, 2022-March 31, 2023)
ProfitNet sales

Operating profit

Ordinary profit

attributable toowners ofEarnings per shareparent
Millions ofyen％Millions ofyen％Millions ofyen％Millions ofyen％

YenFirst half of Fiscal 2022

57,000

20.7

3,500

28.0

4,200

62.6

1,800

3.5

46.25

Fiscal 2022

120,000

14.9

5,200

34.6

6,000

51.6

2,900

13.0

74.51

(Note) Whether the consolidated financial forecasts for fiscal 2022 under review have been revised ： Yes(Not Forecasts of future performance in this report are based on information available at the date of publication for thisdocument and certain assumptions regarding factors that may influence future results at the date of publication.
Actual results may vary significantly from these forecasts due to a wide range of factors.

1.Quarterly Consolidated Financial Statements(1)Quarterly Consolidated Balance Sheets
Millions of yen
June 30, 2022

March 31, 2022
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Electronically recorded monetary claims - operating
Finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Short-term loans receivable from subsidiaries and associates
Deposits paid
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, netTools, furniture and fixtures, netLand
Construction in progress
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4,997
22,0591,023
17,431
599
7,470
8,547
10,00057,399642(138)
130,033

7,579
22,041935
20,886517
7,8329,558
10,00053,651
1,385(150)
134,2398,616
26,705
2,199
36,627
2,483
76,632

8,509
26,5382,207
36,8602,714
76,829

18
18

17
17

563
0
400
78
567
(0)
1,610
78,261
208,294

515
0
483
87
906
(0)
1,993
78,841
213,080

March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Provision for repairs
Other
Total current liabilities
Non-current liabilities
Long-term borrowingsDeferred tax liabilities
Retirement benefit liability
Provision for business restructuring
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assetsMillions of yen
June 30, 2022

19,53816,726
3,306
4,406
1,001
601
1,680
47,261

18,267
22,127
3,518
3,413
549
586
1,076
49,539

6,143
1,495
1,771
223
369
10,00357,265

7,570
1,248
1,904
1,129
332
12,18561,724

8,769
10,355
133,359(4,537)
147,947

8,769
10,355
133,644(4,537)148,232

221
89
147
246
704
2,376
151,028
208,294

188
(0)
306
238
732
2,391
151,355
213,080

(2)Quartely Consolidated Statements of Operations
and Quartely Consolidated Statements of Comprehensive Income
Quartely Consolidated Statements of Operations

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Transportation costs
Salaries and bonuses
Retirement benefit expenses
Depreciation
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from non-current assets
Gain on valuation of interest rate swaps
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of non-current assets
Taxes and dues
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profitExtraordinary losses
Business restructuring expenses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

First quarter offiscal 2021
22,32418,961
3,362

Millions of yen
First quarter offiscal 2022
28,01824,558
3,459

784
279
8
23
475
1,572
1,790

729
296
7
16
501
1,551
1,908

44
12
103
46
207

41
9102
515
35
704

56
36
19248
10370
1,627

61
0
19
45
15
142
2,470

1,62750913523
1,103
21
1,082

1,383
1,383
1,087
517(247)
270
817
7810

Quartely Consolidated Statements of Comprehensive Income

1,103Millions of yen
First quarter offiscal 2022
817(7)
56
160
(6)
203
1,306(33)
(92)
184
(8)
49
867

1,254
51

837
30

First quarter offiscal 2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests