Flash Report Consolidated Basis
Results for the First Quarter of Fiscal 2020
(April 1, 2020-June 30, 2020)＜under Japanese GAAP＞
July 30, 2020
OSAKA STEEL CO., LTD.
Tokyo,1st section
5449
https://www.osaka-seitetu.co.jp
Taisuke Nomura, PRESIDENT
Kiyofumi Yamashita,
GENERAL MANAGER,
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 2020
(April 1, 2020-June 30, 2020)(1)Consolidated Operating Results（Percentage figures represent changes from the same period of the previous fiscal year.）Net sales
Millions ofyenFirst quarter of Fiscal 2020
20,154

Operating profit

Millions of％yen(19.3)
740

Ordinary profit

Millions of％yen(67.7)(371)％

Profit attributable toowners of parent
Millions of％yen―(438)―

First quarter of Fiscal 201924,9907.1
2,291(14.2)
2,371(10.6)(Reference) Comprehensive income:First quarter of Fiscal 2020 ¥ (813) million― %First quarter of Fiscal 2019 ¥ 1,476 million
8.5 %Earnings per share
Yen

1,597

(8.0)

Earnings per shareafter full dilution
YenFirst quarter of Fiscal 2020

(11.27)―First quarter of Fiscal 2019

41.04

―

(2)Consolidated Financial Results

First quarter of Fiscal 2020
Fiscal 2019
(Reference) Shareholders’ equity:

Total assets

Net assets

Millions of yen

Millions of yen
201,243
200,794First quarter of Fiscal 2020 ¥145,175
Fiscal 2019
¥146,437

millionmillionRatio of shareholders’ equity
to total assets％
146,78272.1

148,394

72.9

２．Dividends
Dividends per share
End of first

End of secondquarter
Yen
Fiscal 2019―Fiscal 2020

―quarterYen
12.50

Fiscal 2020(Forecasts)

End of thirdquarter
Yen

0.00

End of fiscal year

TotalYen

Yen

―

20.00

32.50

―

――

(Note) Whether the dividend forecasts under review have been revised ：Yes
The dividend forecasts of end of fiscal year for fiscal 2020 are not decided.

３．Consolidated Financial Forecasts for Fiscal 2020(April 1, 2020-March 31, 2021)
ProfitNet sales

Operating profit

Ordinary profit

attributable toowners ofEarnings per shareparentMillions ofyenFirst half of Fiscal 2020
Fiscal 2020

Millions ofyen％Millions ofyen％Millions ofyen％％

Yen

36,000(22.4)

500(87.7)0(100.0)0(100.0)

0.00―――――――――(Note) Whether the consolidated financial forecasts for fiscal 2020 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.
The consolidated financial forecast for the March 2021 full-year term has not been determined yet,because it is not possible at this stage to reasonably calculate the impact of the novel coronavirus pandemic.
The Company will disclose a reasonable forecast as soon as it becomes possible.

1.Quarterly Consolidated Financial Statements(1)Quarterly Consolidated Balance Sheets
Millions of yen
June 30, 2020

March 31, 2020
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
OtherTotal 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
Other
Total investments and other assets
Total non-current assets
Total assets

4,487
19,39011,0492686,265
6,755
10,00069,945
174
128,335

6,434
17,342
11,939
430
5,817
6,493
10,00069,394
206
128,057

7,736
21,4281,774
35,5403,794
70,273

8,523
21,521
1,816
35,517
3,724
71,102

99
99

84
84

864
1
80
284
856
2,086
72,459200,794

882
175
254
784
1,998
73,185201,243

March 31, 2020
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
June 30, 2020

11,421
14,790
3,149
5,263
1,740
640
2,182
39,18912,423
16,977
3,128
5,753
196
723
1,832
41,035

9,449
1,217
1,978
236
329
13,211
52,400

9,386
1,354
2,033
237
413
13,42454,4608,769
10,904
131,218(4,536)
146,355

8,769
10,904130,000(4,536)145,138

300
24
(56)
(186)
81
1,957
148,394
200,794

313
(49)
(53)
(172)
37
1,607
146,782
201,243

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

24,99020,928
4,061

Millions of yen
First quarter offiscal 2020
20,154
17,783
2,371

926
284
12
26
519
1,770
2,291

844
290
15
25
455
1,631
740

40
21
103
111
29
306

46
18
104
―
46215

158
29
19―
18
225
2,371
2,371
571
234
805
1,565
(31)
1,597

137
48
19
1,105
16
1,328(371)
(371)
193
186
379
(751)
(312)
(438)

First quarter offiscal 2019
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
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 (loss)
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Loss attributable to non-controlling interests
Profit (loss) attributable to owners of parent

Quartely Consolidated Statements of Comprehensive Income

1,565

Millions of yen
First quarter offiscal 2020
(751)

(62)
(38)
(2)
14(89)
1,476

12(92)
313(61)
(813)

1,515
(39)

(482)
(330)

First quarter offiscal 2019
Profit (loss)
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, net of tax
Total other comprehensive income
Comprehensive incomeComprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests