Flash Report Consolidated Basis
Results for the Third Quarter of Fiscal 2023
(April 1, 2023- December 31, 2023)＜under Japanese GAAP＞
January 30, 2024
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 Third quarter of Fiscal 2023
(April 1, 2023- December 31, 2023)(1)Consolidated Operating Results（Percentage figures represent changes from the same period of the previous fiscal year.）Net sales
Millions ofyen
Third quarter of Fiscal 2023
86,644

Operating profit

Millions of％
yen
1.0
5,123

Ordinary profit

Millions of％
yen
9.2
4,811

owners of parent
Millionsof％％yen(12.6)
2,556
4.4

Third quarter of Fiscal 2022
85,795
14.1
4,693
34.9
5,503
53.6
(Reference) Comprehensive income:Third quarter of Fiscal 2023 ¥ 3,166 million
24.1 %
Third quarter of Fiscal 2022 ¥ 2,551 million(6.0) %
Earnings per share
Yen

Profit attributable to2,449

0.5

Earnings per shareafter full dilution
Yen

Third quarter of Fiscal 2023

65.69

―

Third quarter of Fiscal 2022

62.95

―

(2)Consolidated Financial Results

Third quarter of Fiscal 2023
Fiscal 2022
(Reference) Shareholders’ equity:

Total assets

Net assets

Millions of yen

Millions of yen
222,191
213,243

Third quarter of Fiscal 2023 ¥153,362
Fiscal 2022
¥150,980

millionmillionRatio of shareholders’ equity
to total assets％
155,295

69.0

153,10370.8

２．Dividends
Dividends per share
End of first

End of second

End of thirdquarter
Yenquarter
Yen

quarter
Yen

Fiscal 2022―

8.00

―

Fiscal 2023

―

10.00

―

End of fiscal year

TotalYen

Yen

Fiscal 2023(Forecasts)

14.50

22.50

14.00

24.00

(Note) Whether the dividend forecasts under review have been revised ：Yes

３．Consolidated Financial Forecasts for Fiscal 2023(April 1, 2023-March 31, 2024)
ProfitNet sales

Operating profit

Ordinary profit

attributable toowners ofEarnings per shareparentMillions ofyen

Fiscal 2023

120,000

Millions ofyen％
2.46,700％
12.9

Millions ofyen

6,000％(6.0)

Millions ofyen

3,100％

Yen

6.8

79.65

(Note) Whether the consolidated financial forecasts for fiscal 2023 under review have been revised ： Yes(NotForecasts 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
December 31, 2023

March 31, 2023
AssetsCurrent assets
Cash and deposits
Accounts receivable - tradeFinished 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, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4,870
24,14816,906
511
8,305
9,595
10,00058,607183(132)
132,995

4,172
27,93521,431
723
7,889
11,636
10,00056,124
1,028(190)
140,751

8,662
26,683
2,367
37,1852,565
77,464

8,826
26,884
2,338
37,3202,981
78,351

16
16

17
17565
625
91
1,485
(0)
2,766
80,247213,243

631
562
84
1,793
(0)
3,070
81,439222,191

March 31, 2023
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
Provision for business restructuring
Other
Total current liabilities
Non-current liabilities
Deferred tax liabilities
Retirement benefit liability
Provision for business restructuring
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplusRetained 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
December 31, 2023

19,322
21,901
7,773
2,891
962
589
327
2,027
55,79520,90531,905
2,150
3,222
753
539
751
1,717
61,946

1,209
1,876
924
333
4,343
60,139

1,576
1,940
1,123
310
4,949
66,895

8,769
10,355
135,426(4,537)150,013

8,769
10,355137,029(4,538)
151,616

223
45
409
289
967
2,122
153,103213,243

268
24
1,195
257
1,746
1,933
155,295
222,191

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

85,79576,295
9,500

Millions of yen
Third quarter offiscal 2023
86,64476,268
10,375

2,295
912
21
54
1,523
4,807
4,693

2,545
948
20
54
1,682
5,251
5,12311919308
―
1,126
80
1,654

120
19
290
51
234
61
777

297
95
68
342
40
844
5,503

771
100
86
―
130
1,089
4,811

1,411
―
1,411
4,092
2,154(325)
1,828
2,263
(186)
2,449

458
104
562
4,249
1,493
343
1,837
2,412
(144)
2,556

Third quarter offiscal 2022
Net sales
Cost 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
Foreign exchange gains
Gain on valuation of interest rate swaps
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of non-current assets
Taxes and dues
Foreign exchange losses
OtherTotal non-operating expenses
Ordinary profit
Extraordinary losses
Business restructuring expenses
Loss on sale of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

Quartely Consolidated Statements of Comprehensive Income

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

Third quarter offiscal 2022
2,263

Millions of yen
Third quarter offiscal 2023
2,412(21)(47)
382
(26)
288
2,551

45
(24)
764
(31)
753
3,166

2,691
(139)

3,335
(169)