Japanese Cutting-Edge
Solutions for Metalworking
Japanese Cutting-Edge
Solutions for Metalworking
News
November 26, 2017
OSG reported record-high sales of 120.2 billion yen for the fiscal year ending November 2017, up 13.9% from the previous year. The results were announced at the company’s New Year Ceremony on January 15, 2018.
Operating profit rose by 4.9% to 19.1 billion yen, while net profit surged by 38.1% to 14.0 billion yen.
A 12% increase in sales of the company’s core product, taps, contributed significantly to the overall growth. In addition, sales of end mills and drills also showed double-digit growth, supported by a recovery in demand for construction machinery in China.
President Norio Ishikawa stated, “Orders for taps, end mills, and drills have increased significantly. We will continue to make efforts to sustain this growth.”
For the fiscal year ending November 2018, OSG targets:
Net sales of 130 billion yen
Operating profit of 22 billion yen
Net profit of 13.5 billion yen
The company also plans to invest 11 billion yen in capital expenditures during the fiscal year.
December 1, 2017
January 9, 2018
February 15, 2018
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