Flash Report Consolidated Basis
Results for Fiscal 2021
(April 1, 2021-March 31, 2022)＜under Japanese GAAP＞
April 27, 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 Fiscal 2021
(April 1, 2021-March 31, 2022)(1)Consolidated Operating Results（Percentage figures represent changes from the same period of the previous fiscal year.）
Profit attributable
Net sales
Millions of yen
Fiscal 2021

104,455

Operating profit
Millions of yen％
36.4

3,863

Fiscal 2020
76,601 (16.4)(Reference) Comprehensive income
Fiscal 2021
Fiscal 2020
Earnings per
share

Ordinary profit

parentMillionsof％％
yen
203.4
2,567 186.0

Millions of％
yen
173.4
3,958

1,413 (81.0)¥ 3,065 million¥918 million

to owners of

1,304 (80.7)
233.9%(73.7)%

897(78.8)

Earnings per
share after full

Return on equity Return on assets Return on sales

dilutionYen

Yen%%

Fiscal 2021

65.96

―

1.7

Fiscal 2020

23.06

―

0.6

(Reference) Equity in profit of unconsolidated subsidiaries and associates:

%
2.0

3.7

0.7

1.8

Fiscal 2021 ¥― million
Fiscal 2020 ¥― million(2)Consolidated Financial Results
Ratio ofTotal assets

Fiscal 2021

Net assets

shareholders’ equity

Millions of yen
208,294

Millions of yen
151,028

to total assets％
71.4

195,242

148,514

74.9

Fiscal 2020
(Reference) Shareholders’ equity:

Fiscal 2021 ¥148,652 million
Fiscal 2020 ¥146,307 million

Net assets per shareYen
3,819.41
3,759.12

(3)Consolidated Statements of Cash Flows
Cash flows from

Cash flows from

Cash flows fromoperating activities

investing activities

financing activities

Fiscal 2021

Millions of yen
2,934

Millions of yen(4,326)

Fiscal 2020

4,187

(10,982)

Cash and cash
equivalents

821

at end of period
Millions of yen
62,396(4,885)62,621Millions of yen

２．Dividends
Dividends per share
End of first

End of second

End of thirdquarter
Yenquarter
Yenquarter
Yen

End of fiscal year

TotalYen

Yen

Fiscal 2020

―

0.00

―

7.00

7.00

Fiscal 2021

―

7.00

―

13.50

20.50

Fiscal 2022(Forecasts)

―

――

―

―

Cash dividends

Ratio of cash dividends

Ratio of cash dividends

to net income％to net assets％

Millions of yen
Fiscal 2020

272

30.4

0.2

Fiscal 2021

797

31.1

0.5

Fiscal 2022(Forecasts)―(Note) The dividend forecasts of end of second quarter and fiscal year for fiscal 2022 are not decided.

３．Consolidated Financial Forecasts for Fiscal 2022(April 1, 2022-March 31, 2023)（Percentage figures represent changes from the same period of the previous fiscal year. ）ProfitNet sales

Operating profit

Ordinary profit

attributable toEarnings perowners ofshareparent
Millions ofyen

Millions ofyen％First half of Fiscal 2022

65,00037.6

2,300(15.9)

2,200(14.8)

1,450(16.6)

37.26

Fiscal 2022

140,000

34.0

5,200

34.6

5,000

26.3

3,500

36.3

89.93

％

Millions ofyen％Millions ofyen％

Yen

（Reference）Summary of Non-Consolidated Financial and Operating Results
Non-Consolidated Financial and Operating Results for Fiscal 2021
(April 1, 2021-March 31, 2022)(1)Non-Consolidated Operating Results（Percentage figures represent changes from the same period of the previous fiscal year. ）Net sales

Operating profit

Millions of yen％

Fiscal 2021

76,774

46.5

Fiscal 2020

52,392 (10.9)
Earnings per share
Yen

Millions of yen
2,327

Ordinary profit％
45.1

1,604 (77.2)

Millions ofyen
2,606％
21.9

2,137 (68.3)

ProfitMillions of yen％

11,158 510.6
1,827

―

Earnings per shareafter full dilution
Yen

Fiscal 2021

286.71―

Fiscal 2020

46.96

―

(2)Non-Consolidated Financial Results
Ratio ofTotal assets

Net assets

shareholders’ equity

Fiscal 2021

Millions of yen
182,709

Millions of yen
136,317

to total assets％74.6

Fiscal 2020

169,547

125,783

74.2(Reference) Shareholders’ equity: Fiscal 2021 ¥136,317 million
Fiscal 2020 ¥125,783 million

Net assets per shareYen
3,502.49
3,231.80

1. Consolidated Financial Statements(1) Consolidated Balance Sheets
Millions of yen
March 31, 2022

March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Short-term loans receivable from subsidiaries and associates
Deposits paid
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, netTools, furniture and fixtures, net
LandConstruction 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
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets.
4,002
19,01912,147
382
6,480
7,386
10,00058,618126(135)
118,028

4,997
23,082
17,431
599
7,470
8,547
10,00057,399642(138)
130,033

8,620
24,8652,048
35,3484,220
75,1038,616
26,705
2,199
36,627
2,483
76,632

40
40

18
18

745
0365
235
723
―
2,070
77,214
195,242

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

March 31, 2021
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 borrowings
Deferred 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 assets

Millions of yen
March 31, 2022

14,38412,086
2,975
4,705
320
566
938
35,97819,53816,726
3,306
4,406
1,001
601
1,680
47,261

7,084
1,629
1,713
223
98
10,74946,727

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

8,769
10,355
131,337(4,536)145,925

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

303
(70)
(91)
239
381
2,207
148,514
195,242221
89147246
704
2,376
151,028
208,294

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

76,601
68,487
8,114

Millions of yen
Fiscal 2021
104,455
94,165
10,290

3,239
1,109
57
106
2,187
6,701
1,413

3,155
1,168
39
87
1,976
6,426
3,863

178
34
420
―
149
783

169
30
412
100
162
875

394
224
79
88
104
891
1,304

234
183
79
134
148
781
3,958

248
248

―
――
―
1,552
619
288
907
645
(252)
897

61
61
3,896
1,172
46
1,218
2,677
110
2,567

Fiscal 2020
Net salesCost of sales
Gross profit
Selling, general and administrative expenses
Transportation costs
Salaries and bonuses
Retirement benefit expenses
Depreciation
OtherTotal selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from non-current assets
Gain on sale of investment securities
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 profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Extra retirement payments
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

Consolidated Statements of Comprehensive Income

645

Millions of yen
Fiscal 2021
2,677

2(123)
(23)
416
272
918

(82)
185
277
7
388
3,065

1,197
(279)

2,890
175

Fiscal 2020
ProfitOther comprehensive income
Valuation difference on available-for-sale securitiesDeferred 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

(3) Consolidated Statements of Changes in Net Assets

Fiscal 2020
Share capital

Balance at beginning of period

Millions of yen

Shareholders' equity
Capital surplus

8,769

10,904Retainedearnings

Treasury shares

131,218(4,536)

Total
shareholders'equity
146,355

Changes during period
Dividends of surplus

(778)

(778)

Profit attributable to owners of parent

897

897

Purchase of treasury shares
Disposal of treasury shares(0)

Purchase of shares of consolidated
subsidiaries

(0)

(0)

00(548)(548)

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

―

(548)

1190(429)

8,769

10,355

131,337(4,536)145,925

Accumulated other comprehensive income
Total
Deferred gains Foreign currency Remeasurement
accumulated
or losses ontranslations of definedotherhedges
adjustment
benefit planscomprehensive
incomeValuationdifference on
available-forsale securities
Balance at beginning of period

300

24(56)(186)

81

Non-controllinginterests

1,957

Total net assets

148,394

Changes during period
Dividends of surplus(778)

Profit attributable to owners of parent

897

Purchase of treasury shares(0)

Disposal of treasury shares

0

Purchase of shares of consolidated
subsidiaries(548)

Net changes in items other thanshareholders' equity

2(94)

(34)

425

299

249

549

Total changes during period

2(94)

(34)

425299249

119

303

(70)

(91)

239

381

2,207

148,514

Balance at end of periodFiscal 2021
Share capital

Balance at beginning of period

Millions of yen

Shareholders' equity

8,769

Capital surplus

10,355Retainedearnings

Treasury shares

131,337(4,536)

Total
shareholders'equity145,925

Changes during period
Dividends of surplus

(544)

(544)

Profit attributable to owners of parent

2,567

2,567

Purchase of treasury shares

(0)

(0)

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

――

2,022

(0)

2,021

8,769

10,355

133,359(4,537)

147,947

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning of period

303

Total
Deferred gains Foreign currency Remeasurement
accumulated
or losses ontranslations of definedotherhedgesadjustment
benefit planscomprehensiveincome
(70)

(91)

239

381

Non-controllinginterests

2,207

Total net assets

148,514

Changes during period
Dividends of surplus(544)

Profit attributable to owners of parent

2,567

Purchase of treasury shares(0)

Net changes in items other thanshareholders' equity

(82)

159

238

7323

169

492

Total changes during period

(82)

159

238

7323

169

2,514

221

89

147

246

704

2,376

151,028

Balance at end of period

（4）Consolidated Statements of Cash Flows
Millions of yen
Fiscal 2021

Fiscal 2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for repairs
Increase (decrease) in provision for business restructuring
Interest and dividend income
Interest expenses
Loss on retirement of non-current assets
Loss (gain) on sale of non-current assets
Loss (gain) on sale of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in accounts receivable - other
Increase (decrease) in trade payables
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Subsidies received
Income taxes paid
Net cash provided by (used in) operating activitiesCash flows from investing activities
Proceeds from sale of non-current assets
Purchase of non-current assets
Proceeds from sale of investment securities
Collection of loans receivable from subsidiaries and affiliates
Loan advances to subsidiaries and associates
Other proceeds
Other payments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from sale of treasury shares
Purchase of treasury shares
Dividends paidDividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

1,552
3,610
140
(73)
(13)
(212)
394
224
1(248)
49(1,695)
(523)
3,183
(263)
(285)
(473)
182
5,550
212
(430)
942
(2,089)
4,187

3,896
4,125
(10)
34―
(200)
234
183
(40)
(100)
(3,433)(5,862)(1,256)4,675
55(35)
585
496
3,347
200
(219)
11(405)2,934

1(11,341)
372
10,000(10,000)
18(33)(10,982)

49(4,559)
163
10,000(10,000)
19(0)(4,326)(2,239)1,226(3,074)
0
(0)
(778)
(20)
(4,885)(130)(11,811)74,432
62,6213,075
1,442(3,145)
―
(0)
(544)
(6)
821
346
(224)
62,621
62,396