5449
OSAKA STEEL CO.,LTD.
大阪製鐵株式会社
Iron & Steel
Osaka Steel Co., Ltd. engages in the production and sale of steel sections, bars, steel billets and processed steel products for the construction, civil engineering, shipbuilding, steel towers, and industrial machinery manufacturing applications in Japan. It offers equal and unequal angles, channels, I-beams, round, and deformed bars, mechanical joints for reinforcing bars, rails, elevator guide rails, colored angles and channels, deformed and round joints, flat and square bars, billets, and other semifinished steel products. The company was incorporated in 1978 and is headquartered in Osaka, Japan. Osaka Steel Co., Ltd. operates as a subsidiary of Nippon Steel Corporation.
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⚠ TSE Capital Mandate
P / Book
0.70×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥95.1B
¥116.4B
¥117.1B
¥117.1B
¥104.5B
Cost of Sales
¥87.5B
¥103.4B
¥103.0B
¥104.6B
¥94.2B
Gross Profit
¥7.6B
¥13.1B
¥14.1B
¥12.5B
¥10.3B
SG&A
¥7.9B
¥7.7B
¥7.1B
¥6.6B
¥6.4B
Operating Income
¥-259M
¥5.3B
¥7.0B
¥5.9B
¥3.9B
Non-Operating Income
¥1.6B
¥962M
¥993M
¥1.7B
¥875M
Dividend Income
—
¥70M
¥21M
¥21M
¥30M
Interest Income
—
¥319M
¥176M
¥156M
¥169M
Non-Operating Expenses
—
¥1.4B
¥1.7B
¥1.3B
¥781M
Interest Expense
—
¥325M
¥1.1B
¥482M
¥234M
Ordinary Income
¥33M
¥4.9B
¥6.3B
¥6.4B
¥4.0B
Pre-tax Income
¥-20.0B
¥5.3B
¥5.7B
¥5.0B
¥3.9B
Income Taxes
¥1.0B
¥2.1B
¥2.5B
¥2.4B
¥1.2B
Current Tax
—
¥2.3B
¥2.2B
¥2.8B
¥1.2B
Deferred Tax
—
¥-171M
¥353M
¥-350M
¥46M
Net Income (owners)
¥-20.9B
¥3.2B
¥3.1B
¥2.9B
¥2.6B
Minority Interest
—
¥33M
¥108M
¥-289M
¥110M
Comprehensive Income
—
¥5.0B
¥2.3B
¥2.9B
¥3.1B
EBITDA
¥4.4B
¥10.1B
¥11.5B
¥10.2B
¥8.0B
EPS
¥-699.78
¥82.94
¥80.21
¥74.60
¥65.96
Shares Outstanding
—
38.9M
38.9M
38.9M
38.9M
Shares Issued (total)
—
42.3M
42.3M
42.3M
42.3M
Treasury Shares
—
3.4M
3.4M
3.4M
3.4M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥153.8B
¥203.5B
¥204.7B
¥213.2B
¥208.3B
Current Assets
¥80.8B
¥108.9B
¥115.1B
¥133.0B
¥130.0B
Cash & Deposits
¥3.0B
¥10.0B
¥5.7B
¥4.9B
¥5.0B
Trade Receivables
—
¥24.2B
¥28.4B
¥24.1B
¥22.1B
Non-Current Assets
¥73.0B
¥94.6B
¥89.7B
¥80.2B
¥78.3B
PP&E
¥70.6B
¥81.8B
¥76.7B
¥77.5B
¥76.6B
Intangible Assets
—
¥17M
¥18M
¥16M
¥18M
Investment Securities
¥621M
¥553M
¥669M
¥565M
¥563M
Deferred Tax Assets
—
¥105M
¥92M
¥91M
¥78M
Total Liabilities
¥40.3B
¥45.3B
¥50.3B
¥60.1B
¥57.3B
Current Liabilities
¥35.6B
¥40.4B
¥45.3B
¥55.8B
¥47.3B
Accounts Payable
—
¥14.1B
¥21.6B
¥19.3B
¥19.5B
ST Debt
¥16.5B
¥18.3B
¥16.7B
¥29.7B
¥20.0B
Taxes Payable
—
¥1.3B
¥1.5B
¥962M
¥1.0B
Non-Current Liabilities
¥4.7B
¥4.9B
¥5.0B
¥4.3B
¥10.0B
Total LT Borrowings
—
—
—
—
¥6.1B
Pension Obligations
—
¥1.9B
¥1.9B
¥1.9B
¥1.8B
Deferred Tax Liab.
—
¥1.5B
¥1.6B
¥1.2B
¥1.5B
Total Equity
¥113.5B
¥158.2B
¥154.4B
¥153.1B
¥151.0B
Capital Stock
—
¥8.8B
¥8.8B
¥8.8B
¥8.8B
Capital Surplus
—
¥10.4B
¥10.4B
¥10.4B
¥10.4B
Retained Earnings
¥118.0B
¥139.7B
¥137.6B
¥135.4B
¥133.4B
Treasury Stock
—
¥-4.5B
¥-4.5B
¥-4.5B
¥-4.5B
AOCI
—
¥1.7B
¥7M
¥967M
¥704M
Equity (owners)
¥110.5B
¥154.3B
¥152.2B
¥150.0B
¥147.9B
Minority Interests
—
¥2.2B
¥2.2B
¥2.1B
¥2.4B
Total Interest-Bearing Debt ⓘ
¥16.5B
¥18.3B
¥16.7B
¥29.7B
¥26.2B
Net Cash ⓘ
¥-13.5B
¥-8.3B
¥-10.9B
¥-24.8B
¥-21.2B
NCAV ⓘ
¥40.5B
¥63.6B
¥64.7B
¥72.9B
¥72.8B
NCAV/Share
—
¥1,635
¥1,663
¥1,872
¥1,870
BV/Share
—
¥3,964
¥3,910
¥3,854
¥3,801
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥8.8B
¥7.6B
¥-1.1B
¥5.1B
¥2.9B
Interest Paid
—
¥-353M
¥-1.3B
¥-314M
¥-219M
Interest Received
—
¥390M
¥187M
¥178M
¥200M
D&A
¥4.7B
¥4.8B
¥4.4B
¥4.3B
¥4.1B
Investing CF
¥-8.6B
¥-5.9B
¥-2.9B
¥-3.8B
¥-4.3B
Proceeds from Invest.
—
—
¥49M
¥3M
¥163M
Financing CF
¥-24.3B
¥-1.5B
¥-16.6B
¥-749M
¥821M
Dividends Paid
—
¥-1.1B
¥-953M
¥-836M
¥-544M
Share Buybacks
—
¥0M
¥0M
¥0M
¥0M
LT Debt Repaid
—
—
¥-8.5B
¥-3.8B
¥-3.1B
Free Cash Flow
¥8.8B
¥7.6B
¥-1.1B
¥5.1B
¥2.9B
Net Change in Cash
—
¥1.0B
¥-20.4B
¥1.1B
¥-224M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
-15.4%
2.1%
2.1%
1.9%
1.7%
ROA
-11.7%
1.6%
1.5%
1.4%
1.2%
EPS
¥-699.78
¥82.94
¥80.21
¥74.60
¥65.96
DPS
¥0.00
¥34.00
¥24.50
¥22.50
¥20.50
BPS
¥3,722.41
¥4,008.00
¥3,910.35
¥3,879.28
¥3,819.41
FCF/Share
—
¥196
¥-27
¥131
¥75
NCAV/Share
—
¥1,635
¥1,663
¥1,872
¥1,870
Payout Ratio
—
41.0%
30.5%
30.2%
31.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 25
Date Activist Stake Event Flag Demands Source
2026-02-26
Effissimo Capital Management Pte. Ltd.
6.19%
-0.2%
change
Passive
—
2026-02-06
Strategic Capital, Inc.
12.37%
+0.08%
change
✓ Activist
—
2025-07-09
Strategic Capital, Inc.
12.29%
change
✓ Activist
—
2025-07-09
Strategic Capital, Inc.
12.29%
change
✓ Activist
—
2025-05-09
Strategic Capital, Inc.
12.29%
change
✓ Activist
—
2025-05-09
Strategic Capital, Inc.
12.29%
change
✓ Activist
—
2025-04-16
NIPPON STEEL CORPORATION
39.57%
-21.29%
change
Passive
—
2025-03-24
NIPPON STEEL CORPORATION
60.86%
change
Passive
—
2025-03-05
Strategic Capital, Inc.
11.6%
+1.01%
change
✓ Activist
—
2025-02-10
Strategic Capital, Inc.
10.59%
+1.1%
change
✓ Activist
—
2024-10-17
Strategic Capital, Inc.
9.49%
+1.01%
change
✓ Activist
—
2024-08-28
Strategic Capital, Inc.
8.48%
+1.05%
change
✓ Activist
—
2024-08-06
Strategic Capital, Inc.
7.43%
+1.09%
change
✓ Activist
—
2024-07-08
Strategic Capital, Inc.
6.34%
+0.18%
change
✓ Activist
—
2024-04-11
Strategic Capital, Inc.
6.16%
+0.13%
change
✓ Activist
—
2024-04-08
Strategic Capital, Inc.
6.03%
+1.03%
change
✓ Activist
—
2024-01-09
Effissimo Capital Management Pte. Ltd.
6.39%
change
Passive
—
2023-12-26
Strategic Capital, Inc.
5.0%
initial_5pct
✓ Activist
—
2023-11-14
Effissimo Capital Management Pte. Ltd.
6.39%
change
Passive
—
2023-11-10
Effissimo Capital Management Pte. Ltd.
6.39%
change
Passive
—
2023-10-03
Effissimo Capital Management Pte. Ltd.
6.39%
change
Passive
—
2023-08-21
Effissimo Capital Management Pte. Ltd.
6.39%
change
Passive
—
2023-07-20
Effissimo Capital Management Pte. Ltd.
6.39%
+0.09%
change
Passive
—
2023-07-13
Effissimo Capital Management Pte. Ltd.
6.3%
+0.03%
change
Passive
—
2023-07-12
Effissimo Capital Management Pte. Ltd.
6.27%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 7
#
Shareholder
Shares (thou.)
% of Total
1
日本製鉄(株)
25,629
65.85%
2
INTERTRUST TRUSTEES(CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP(常任代理人 株式会社みずほ銀行決済営業部)
6,346
16.31%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱
932
2.39%
4
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)(常任代理人 株式会社三菱UFJ銀行)
698
1.79%
5
立花証券㈱
270
0.69%
6
大阪製鐵社員持株会
178
0.46%
7
Custody Bank of Japan, Ltd. (Trust Account)
㈱日本カストディ銀行
173
0.45%
8
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505223 (常任代理人 株式会社みずほ銀行決裁営業部)
157
0.40%
9
清和鋼業㈱
146
0.38%
10
阪和興業㈱
136
0.35%
Domestic Nominees
2.8%
-1.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.4%
-0.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
85.8%
+5.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日本製鉄
65.85%
65.85%
65.85%
INTERTRUST TRUSTEES(CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP
—
6.42%
16.31%
+9.89%
日本マスタートラスト信託銀行
2.64%
2.59%
2.39%
-0.20%
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)
NEW ENTRY
—
—
—
1.79%
NEW
立花証券
4.19%
4.25%
0.69%
-3.56%
大阪製鐵社員持株会
↑
—
0.47%
0.46%
-0.01%
日本カストディ銀行
2.39%
1.72%
0.45%
-1.27%
State Street
NEW ENTRY
—
—
—
0.40%
NEW
清和鋼業
NEW ENTRY
—
—
—
0.38%
NEW
阪和興業
NEW ENTRY
—
—
—
0.35%
NEW
Goldman Sachs
last seen 2024
Exited Top 10
2.12%
2.76%
—
JP Morgan
last seen 2024
Exited Top 10
—
0.72%
—
UBS
last seen 2024
Exited Top 10
—
0.53%
—
JPモルガン証券
last seen 2023
Exited Top 10
1.25%
—
—
Citibank
last seen 2023
Exited Top 10
0.85%
—
—
JPLLC-CL JPY
last seen 2023
Exited Top 10
3.88%
—
—
MSIP CLIENT SECURITIES
last seen 2023
Exited Top 10
0.88%
—
—
DFA INTL SMALL CAP VALUE PORTFOLIO
last seen 2023
Exited Top 10
0.88%
—
—
Concentration (HHI)
ⓘ
4390
4414
4612
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥508M
-2% since 2023
Holdings
7
1 exited
Trend
1 building
vs 2023
Held Company
FY2025
¥508M total
FY2023
¥520M total
Book Val ¥M
Shares
Book Val ¥M
Shares
ONOKEN CO.,LTD.
小野建㈱
237
157,300
233
157,300
M
HANWA CO.,LTD.
阪和興業㈱
97
20,000
78
20,000
M
OKAYA&CO.,LTD.
岡谷鋼機㈱
89
+100.0%
↑
12,800
66
6,400
M
SEIWA CHUO HOLDINGS CORPORATION
清和中央ホールディングス㈱
53
40,000
67
40,000
YAMAX Corp.
㈱ヤマックス
28
20,000
9
20,000
M
GEOSTR Corporation
ジオスター㈱
3
11,000
3
11,000
M
㈱ヤマウ
1
1,000
1
1,000
TOKAI CARBON CO., LTD.
東海カーボン㈱
—
−100%
Exit
—
63
50,000
M
Portfolio total
508
520
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding