Flash Report Consolidated Basis
Results for Fiscal 2020
(April 1, 2020-March 31, 2021)＜under Japanese GAAP＞
April 28, 2021
OSAKA STEEL CO., LTD.
Tokyo,1st section
5449
https://www.osaka-seitetu.co.jp
Taisuke Nomura, PRESIDENT
Toshiyuki Tanaka,
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 Fiscal 2020
(April 1, 2020-March 31, 2021)(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 2020

76,601

Operating profit％

Millions of yen(16.4)

1,413

Fiscal 201991,592(5.2)(Reference) Comprehensive income
Fiscal 2020
Fiscal 2019
Earnings per
share

Ordinary profit

parentMillionsof％％
yen(80.7)
897 (78.8)

Millions of％yen(81.0)
1,304

7,447
1.1
918 million
3,488 million¥¥

to owners of

6,746
(1.9)
(73.7)%
6.1%

4,231

2.6

Earnings per
share after full

Return on equity Return on assets Return on sales

dilution
Yen

Yen%%

Fiscal 2020

23.06

―

0.6

Fiscal 2019108.73―

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

%
0.7

1.8

3.3

8.1

Fiscal 2020 ¥― million
Fiscal 2019 ¥― million(2)Consolidated Financial Results
Ratio ofTotal assets

Fiscal 2020

Net assets

shareholders’ equity

Millions of yen
195,242Millions of yen
148,514

to total assets％
74.9

200,794

148,394

72.9

Fiscal 2019
(Reference) Shareholders’ equity:

Fiscal 2020 ¥146,307 million
Fiscal 2019 ¥146,437 million

Net assets per share
Yen
3,759.12
3,762.46

(3)Consolidated Statements of Cash Flows
Cash flows from

Cash flows from

Cash flows fromoperating activities

investing activities

financing activities

Cash and cash
equivalents

Fiscal 2020

Millions of yen
4,187Millions of yen(10,982)

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

Fiscal 201916,866(6,077)

1,074

74,432

２．Dividends
Dividends per share
End of first

End of second

quarter
Yen
Fiscal 2019―

quarterYen
12.50

Fiscal 2020―

Fiscal 2021(Forecasts)―

Cash dividendsEnd of thirdquarter
Yen

End of fiscal year

Total

Yen

Yen

―

20.00

32.50

0.00

―

7.00

7.00

――

―

―

Ratio of cash dividends

Ratio of cash dividends

to net income％to net assets％

Millions of yen
Fiscal 2019

1,264

29.9

0.9

Fiscal 2020

272

30.4

0.2

Fiscal 2021(Forecasts)―(Note) The dividend forecasts of end of second quarter and fiscal year for fiscal 2021 are not decided.

３．Consolidated Financial Forecasts for Fiscal 2021(April 1, 2021-March 31, 2022)（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 ofyenFirst half of Fiscal 2021

42,000

14.6

1,400

43.0

1,500

94.6

1,000

148.9

25.69

Fiscal 2021

86,000

12.3

1,900

34.4

2,000

53.3

1,300

44.8

33.40％

Millions ofyen％Millions ofyen％

Yen

（Reference）Summary of Non-Consolidated Financial and Operating Results
Non-Consolidated Financial and Operating Results for Fiscal 2020
(April 1, 2020-March 31, 2021)(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

Millions of yen

Ordinary profit％

Fiscal 2020

52,392 (10.9)

1,604 (77.2)

Fiscal 2019

58,7787,039(8.6)

Earnings per share
Yen

0.9

ProfitMillions of％ Millions of yen
yen
2,137 (68.3)
1,827
6,739(8.1)

(434)

％
―
―

Earnings per shareafter full dilution
Yen

Fiscal 2020

46.96

―

Fiscal 2019(11.16)―(2)Non-Consolidated Financial Results
Ratio ofTotal assets

Net assets

shareholders’ equity

Fiscal 2020Millions of yen
169,547

Millions of yen
125,783

to total assets％74.2

Fiscal 2019

164,480

124,731

75.8(Reference) Shareholders’ equity: Fiscal 2020 ¥125,783 million
Fiscal 2019 ¥124,731 million

Net assets per shareYen
3,231.80
3,204.78

1. Consolidated Financial Statements(1) Consolidated Balance Sheets
Millions of yen
March 31, 2021

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 associatesDeposits 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
Total investments and other assets
Total non-current assets
Total assets

4,487
19,39011,049
268
6,265
6,755
10,00069,945
174－
128,335

4,002
19,01912,147
382
6,480
7,386
10,00058,618126(135)
118,028

7,736
21,4281,774
35,5403,794
70,2738,620
24,8652,048
35,3484,220
75,103

99
99

40
40

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

745
0
365
235
723
2,070
77,214
195,242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
March 31, 2021

11,421
14,790
3,149
5,263
1,740
640
2,182
39,18914,38412,086
2,975
4,705
320
566
938
35,978

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

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

8,769
10,904
131,218(4,536)
146,355

8,769
10,355
131,337(4,536)145,925300
24(56)
(186)
81
1,957
148,394
200,794

303
(70)
(91)
239
381
2,207
148,514
195,242(2) Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income
Consolidated Statements of Operations

91,59277,025
14,567

Millions of yen
Fiscal 2020
76,601
68,487
8,114

3,648
1,160
59
115
2,136
7,119
7,447

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

176
41
413
299
179
1,110

178
34
420
―
149
783

708
738
78
―
286
1,811
6,746

394
224
79
88
104
891
1,304

―
―
6,746
2,919
(32)
2,886
3,859(372)
4,231

248
248
1,552
619
288
907
645(252)
897

Fiscal 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
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
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

Consolidated Statements of Comprehensive Income

3,859

Millions of yen
Fiscal 2020
645

(227)
(163)
(43)
63(370)3,4882(123)
(23)
416
272
918

3,903
(414)

1,197
(279)

Fiscal 2019
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 incomeComprehensive 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 2019

Millions of yen
Shareholders' equity

Balance at beginning of period

Share capital

Capital surplus

8,769

10,904Retainedearnings

128,134

Treasury shares(4,536)

Total
shareholders'equity143,272

Changes during period
Dividends of surplus(1,148)(1,148)

Profit attributable to owners of parent

4,231

4,231

Purchase of treasury shares

(0)

(0)

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

――

3,083

(0)

3,082

8,769

10,904

131,218(4,536)

146,355

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-forsale securities

Deferred gains
or losses onhedges528

154

Foreigncurrencytranslation
adjustment(21)Total
Remeasuremen accumulated
ts of definedotherbenefit planscomprehensive
income(250)

410

Non-controlling
Total net assetsinterests

2,391

146,074

Changes during period
Dividends of surplus(1,148)

Profit attributable to owners of parent

4,231

Purchase of shares of consolidated
subsidiaries(0)

Net changes in items other thanshareholders' equity

(227)

(130)

(34)

64(328)

(434)

(762)

Total changes during period

(227)

(130)

(34)

64(328)

(434)

2,320

300

24(56)

(186)

81

1,957

148,394

Balance at end of periodFiscal 2020

Millions of yen
Shareholders' equity

Balance at beginning of period

Share capital

Capital surplus

8,769

10,904Retainedearnings

Treasury shares

131,218(4,536)

Totalshareholders'equity
146,355

Changes during periodDividends of surplus

(778)

(778)

Profit attributable to owners of parent897

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

Balance at beginning of period

Valuationdifference on
available-forsale securities

Deferred gains
or losses onhedges300

24

Foreigncurrencytranslation
adjustment

(56)

Total
Remeasuremen accumulated
ts of definedotherbenefit planscomprehensive
income(186)

81

Non-controlling
Total net assetsinterests

1,957

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)

425

299249

119

303

(70)

(91)

239

381

2,207

148,514

Balance at end of period

（4）Consolidated Statements of Cash Flows
Fiscal 2019
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 receivablesDecrease (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
Other, net
SubtotalInterest and dividends received
Interest paid
Subsidies received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Proceeds from sale of non-current assets
Purchase of non-current assets
Proceeds from sale of investment securities
Proceeds from redemption of 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 paid
Dividends 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

Millions of yen
Fiscal 2020

6,746
4,121(2)
207(68)
(217)
708
738
(0)
3
2,973
5,541
5,508
(6,299)83
6(633)
19,418
217
(720)
625
(2,675)
16,866

1,552
3,610
140
(73)
(13)
(212)
394
224
1(248)
49(1,695)
(523)
3,183
(263)
(285)
(290)
5,550
212
(430)
942
(2,089)4,187

13(6,624)
40
500
10,000(10,000)
1(8)(6,077)1(11,341)
372―10,000(10,000)
18(33)(10,982)

2,296
―
(53)
―
(0)
(1,148)
(20)
1,074
(50)
11,812
62,62074,432(2,239)1,226(3,074)
0(0)
(778)
(20)
(4,885)(130)(11,811)74,432
62,621