OSG reports mixed Q3 results, maintains full-year forecast and dividend

OSG Corporation announced its consolidated financial results for the third quarter of the fiscal year ending November 2025, reporting a modest 0.6% increase in net sales to JPY 115,994 million. Ordinary income saw a slight rise of 0.5% to JPY 14,988 million, while operating income declined by 4.8% to JPY 13,759 million. Net income attributable to owners of parent decreased by 1.5% to JPY 9,643 million. Basic earnings per share for the quarter were JPY 115.32. The company's total assets decreased by JPY 4,949 million to JPY 252,306 million, primarily due to a JPY 12,196 million decrease in cash and deposits, despite a JPY 6,657 million increase in buildings and structures.

Shareholders' equity remained stable, with an equity ratio of 66.7%, up from 64.8% at the end of the previous fiscal year. The company maintained its full-year consolidated earnings forecast for fiscal year 2025, anticipating net sales of JPY 160,000 million, operating income of JPY 21,000 million, and ordinary income of JPY 22,000 million. Net income attributable to owners of parent is projected to be JPY 14,500 million, with basic earnings per share of JPY 173.38.

OSG also reiterated its annual dividend forecast for fiscal year 2025 at JPY 88.00 per share, comprising an ordinary dividend of JPY 32.00 and a commemorative dividend of JPY 28.00. The company highlighted that there have been no revisions to the previously announced financial forecasts or dividend plans.