Flash Report Consolidated Basis
Results for the Third Quarter of Fiscal 2017
(April 1, 2017-December 31, 2017)＜under Japanese GAAP＞
January 31, 2018OSAKA STEEL CO., LTD.
Tokyo,1st section5449
http://www.osaka-seitetu.co.jp
Masaki Iwasaki, PRESIDENT
Tetsuya Konno,
EXECUTIVE COUNSELLOR & GENERAL MANAGER,
ACCOUNTING & FINANCE DIV.
+81-6-6204-0163

Company name:
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Contact:
Telephone:(Figures of less than ¥1 million have been omitted.)

1. Consolidated Financial and Operating Results for the Third quarter of Fiscal 2017
(April 1, 2017-December 31, 2017)(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 201757,679Operating profit

Millions of％
yen
32.3
5,229

Ordinary profit

Millions of％
yen
23.6
5,162

Profit attributable toowners of parent
Millionsof％％
yen
21.9
3,334
93.5

Third quarter of Fiscal 2016
43,612
3.7
4,232(31.5)
4,233(33.5)(Reference) Comprehensive income:Third quarter of Fiscal 2017 ¥ 3,219 million
392.5%
Third quarter of Fiscal 2016 ¥ 653 million(82.5)%

1,723(54.5)

Earnings per share

Earnings per shareafter full dilution
Yen

Yen
Third quarter of Fiscal 2017

85.66

―

Third quarter of Fiscal 2016

44.27

―

(2)Consolidated Financial Results
Total assets

Net assets

Millions of yen

Millions of yen

Ratio of shareholders’ equity
to total assets％

Third quarter of Fiscal 2017

187,911

143,477

74.8

Fiscal 2016

170,203

141,446

81.3(Reference) Shareholders’ equity:

Third quarter of Fiscal 2017 ¥140,634
Fiscal 2016
¥138,338

millionmillion２．Dividends
Dividends per shareEnd of first

End of second

quarter
Yen
Fiscal 2016―

quarterYen
12.50

Fiscal 2017

―

12.50

End of third
quarterYen

End of fiscal year

Total

Yen

Yen

―

17.50

30.00

20.00

32.50

―

Fiscal 2017(Forecasts)(Note) Whether the dividend forecasts under review have been revised ：Yes

３．Consolidated Financial Forecasts for Fiscal 2017(April 1, 2017-March 31, 2018)
ProfitNet sales

Operating profit

Ordinary profit

attributable toowners ofEarnings per shareparentMillions ofyen

Fiscal 2017

80,000％28.8

Millions ofyen

6,500Millions ofyen％
9.1

6,500

Millions ofyen％
9.6

4,200％
51.6

Yen

107.91(Note) Whether the consolidated financial forecasts for fiscal 2017 under review have been revised ： Yes(Note) 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 yenDecember 31, 2017

March 31, 2017
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - tradeFinished goods
Work in process
Raw materials and supplies
Deferred tax assets
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, netLand
Construction in progress
Total property, plant and equipment
Intangible assets
OtherTotal intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit asset
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1,304
12,822
6,512
294
4,783
526
8,046
10,00057,633174(2)102,096

2,707
18,517
10,735
451
5,486
428
12,05010,00055,342135(2)115,851

7,688
10,977
1,187
34,035
11,62265,511

7,878
21,974
1,721
35,652
1,625
68,853

44
44

246
246

1,833
273176487(22)2,550
68,106170,203

2,307
173
194
406
(22)
2,960
72,059187,911

Millions of yen
December 31, 2017

March 31, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Provision for repairs
Provision for loss on disaster
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Provision for business structure improvement
Provision for loss on dissolution of the employee's pension fund
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
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

7,300―1195,583834400244828
15,31013,036
5,298
95
5,291
1,311
406
215
1,126
26,782

9,103
1,996
1,491
521
70
262
13,44628,756

13,032
2,108
1,600
518
70
320
17,65044,433

8,769
10,904
122,340(4,534)137,479

8,769
10,904
124,506(4,535)
139,645

561
144
249
(95)
859
3,107
141,446
170,203

887
121
52
(73)
989
2,843
143,477
187,911

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

Quartely Consolidated Statements of Operations

Millions of yen
43,612
34,940
8,672

Third quarter offiscal 201757,67947,644
10,034

1,981
811
31
45
1,569
4,439
4,232

2,316
826
35
67
1,558
4,805
5,229

112
28
112
44
297

106
33
221
98
460

1
134
37
3
59
59
296
4,233

171
179
111
10―
54
527
5,162

1,575
1,575
2,657
650
243
894
1,763
40
1,723

―
―
5,162
1,970
47
2,018
3,144(189)3,334Third quarter offiscal 2016
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Haulage expenses
Salaries and bonuses
Retirement benefit expenses
Depreciation
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rent income on non-current assets
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of non-current assets
Taxes and dues
Foreign exchange losses
Environmental expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on disaster
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

Quartely Consolidated Statements of Comprehensive Income

Millions of yen
Third quarter ofProfit
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 income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

fiscal 2016
1,763

Third quarter offiscal 2017
3,144

168
(2)
(1,306)30(1,110)
653

326
(28)
(245)
22
74
3,219

874
(221)

3,463
(244)