KOS Indonesia Project: Plant Start-Up
First written in FY2016. 12 of 36 entries say "Restated". Latest entry: FY2026.
Osaka Steel moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2021: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「In January this year, we decided to suspend KOS's operations, and at the Board of Directors meeting held on 12 May 2026, we decided on a policy to dissolve KOS.」
Regarding the previous growth theme centered on the operation of KOS's new plant and expanded production, operations were suspended in January 2026 and a policy to dissolve the company was decided in May. - FY2026-H1WorsenedAnnual report
「The Indonesian business also continued to face a challenging competitive environment as demand for construction steel declined following substantial government budget cuts for public works. Margins narrowed due to sluggish selling prices, shipments also decreased, and difficult earnings and financial conditions continued.」
For the Indonesian business, including KOS, the statement describes a more challenging situation due to lower demand resulting from substantial cuts to the public works budget, continued competition, narrower margins caused by sluggish selling prices, and lower shipments. - FY2025RestatedAnnual report
「In the Indonesian business, shipments increased by capturing demand for structural steel for towers and expanding high-value-added bars. Earnings improved from the previous year as cost improvements progressed, but difficult earnings and financial conditions continue.」
While confirming improvements in shipments and earnings through structural steel for telecommunications towers, high-value-added bars, and cost improvements, the challenging situation continues. - FY2025-H1AdvancedAnnual report
「In the Indonesian business, shipments increased by capturing demand for structural steel for telecommunications towers and expanding high-value-added bars. Earnings improved from the same period of the previous year as cost improvements progressed, but difficult earnings and financial conditions continue.」
For the Indonesian business, including KOS, shipments and earnings improved year on year through capturing demand for structural steel for telecommunications towers, expanding high-value-added bars, and improving costs. However, difficult earnings and financial conditions continue. - FY2024WorsenedAnnual report
「As part of the growth strategy, the Indonesian business pursued group-wide measures to procure low-cost billets and expand sales, including exports. However, it continued to face difficult earnings and financial conditions due to margin deterioration resulting from intensifying competition in Indonesia. We are currently formulating and working to implement an effective plan to restore the business performance and financial position of PT. KRAKATAU OSAKA STEEL (KOS).」
While advancing low-cost billet procurement and sales expansion, including exports, the difficult earnings and financial conditions of the Indonesian business, including KOS, have continued due to margin deterioration resulting from intensifying competition. - FY2024-Q3RestatedAnnual report
「Although we pursued measures to procure low-cost billets and expand sales, including exports, the challenging operating conditions continued due to weak domestic demand in Indonesia, margin deterioration caused by market fluctuations, and higher interest expenses resulting from rising interest rates.」
While continuing low-cost billet procurement and sales expansion, including exports, the challenging environment has continued due to weak domestic demand, margin deterioration caused by market fluctuations, and higher interest expenses resulting from rising interest rates. - FY2024-Q2WorsenedAnnual report
「Although we pursued measures to procure low-cost billets and expand sales, including exports, the challenging operating conditions continued due to weak domestic demand in Indonesia, margin deterioration caused by market fluctuations, and higher interest expenses resulting from rising interest rates.」
While advancing low-cost billet procurement and sales expansion, the challenging operating environment has continued due to weak domestic demand in Indonesia, margin deterioration caused by market fluctuations, and higher interest expenses resulting from rising interest rates. - FY2023-Q3RestatedAnnual report
「The Indonesian business also faced a challenging operating environment due to significant fluctuations in raw material prices and sluggish product market conditions. We will continue pursuing growth strategies, including expanding sales channels and sources of lower-cost raw material procurement.」
While recognizing the challenging environment for the Indonesian business, the company continues to expand sales channels and sources of lower-cost raw material procurement. - FY2023-Q2RestatedAnnual report
「The Indonesian business faced a challenging operating environment due to significant fluctuations in raw material prices and sluggish product market conditions. We will continue pursuing growth strategies, including expanding sales channels and sources of lower-cost raw material procurement.」
While recognizing the challenging environment for the Indonesian business, including KOS, the company continues to expand sales channels and sources of lower-cost raw material procurement. - FY2022AdvancedAnnual report
「At KOS, part of our growth strategy, we implemented measures including expanding new sales channels and sourcing raw materials more cheaply by broadening external billet suppliers while demand remained sluggish, achieving its first return to ordinary profitability since operations began in 2017.」
By expanding sales channels and external sourcing of billets, KOS achieved an ordinary profit for the first time since commencing operations in 2017. The statement does not indicate that the broader objective of establishing profitability and expanding earnings has been completed. - FY2021ReframedAnnual report
「To establish KOS (PT.KRAKATAU OSAKA STEEL, Indonesia) as consistently profitable and have higher earnings contribute to group earnings, we will strengthen coordination and cooperation with our JV partner PT.KRAKATAU STEEL. On the sales side, we will expand destinations, including exports, broaden applications for sections and expand synergies with Osaka Steel's export sales operations.」
In addition to the existing growth strategy centered on plant operations and production expansion, the company identifies establishing KOS as consistently profitable and having it contribute to group earnings as explicit priorities. - FY2021-Q2WorsenedAnnual report
「Regarding PT.KRAKATAU OSAKA STEEL (KOS), earnings deteriorated in fiscal 2019 as steel demand stagnated while the market waited for the April Indonesian presidential election and the October cabinet formation. Demand recovered from the end of 2019 into early 2020, and the implementation of earnings-improvement measures put cash flow into the black and set earnings on a recovery track. However, in addition to worsening business conditions, including a renewed decline in steel demand following the spread of COVID-19 from late February of the same year, the financial base deteriorated due to foreign-exchange losses arising from the rapid depreciation of the Indonesian rupiah, leaving the outlook uncertain.」
KOS had temporarily been moving toward improved cash flow and earnings, but its business environment and financial base deteriorated because of another decline in demand caused by COVID-19 and foreign-exchange losses associated with the rapid depreciation of the rupiah, leaving the outlook uncertain. - FY2020WorsenedAnnual report
「Since October 2018, the company has operated a 3-shift, 2-crew system and established a structure capable of full production of reinforcing bars and sections. However, it has been unable to generate the expected earnings because infrastructure investment in Indonesia has stagnated and prices and steel product sales volumes have remained sluggish amid competition with other Indonesian producers.」
KOS established a structure capable of full production through a 3-shift, 2-crew system, but has been unable to generate the expected earnings because infrastructure investment has stagnated and prices and sales volumes have remained weak amid competition. - FY2020-Q3RestatedAnnual report
「In addition, the Group worked to strengthen the earnings base of PT. KRAKATAU OSAKA STEEL, the core of its growth strategy, and is steadily implementing measures to strengthen the rolling line at its Osaka Works toward operation in fiscal 2021.」
KOS is positioned at the center of the growth strategy, and efforts to strengthen its earnings base are continuing. No new figures such as KOS's production or sales volumes are disclosed. - FY2020-Q2RestatedAnnual report
「In addition, the Group worked to strengthen the earnings base of PT. KRAKATAU OSAKA STEEL, the core of its growth strategy, and is steadily implementing measures to strengthen the rolling line at its Osaka Works toward operation in fiscal 2021.」
KOS is positioned at the center of the growth strategy, and efforts to strengthen its earnings base are continuing. No new figures such as KOS's production or sales volumes are disclosed. - FY2020-Q1RestatedAnnual report
「In addition, the company continues to advance its growth strategy centered on PT. KRAKATAU OSAKA STEEL (KOS) and measures to strengthen the rolling line at its Osaka Works.」
The company continues to pursue its growth strategy centered on KOS. No new specific progress concerning KOS's production, sales volumes or equipment is disclosed this time. - FY2019AdvancedAnnual report
「At PT.KRAKATAU OSAKA STEEL, our Indonesian joint venture and part of our growth strategy, we strengthened staffing from October last year, enabled continuous 24-hour operations and are gradually expanding production capacity. We are also establishing a system capable of supplying high-quality steel products to the Indonesian market while leveraging the advantage of stable billet supplies from our group.」
KOS has progressed to the stage of strengthening its staffing from October last year, enabling continuous 24-hour operations and gradually expanding production capacity. - FY2019-Q3RestatedAnnual report
「In addition, the Group formulated the “FY2020 Consolidated Medium-Term Plan: A New Leap Forward” and worked diligently to advance its growth strategy centered on PT. KRAKATAU OSAKA STEEL, while further strengthening the efficient production and logistics structure of its domestic operations.」
The company continues to pursue its growth strategy centered on KOS. No new specific progress concerning KOS's production, sales volumes or equipment is disclosed this time. - FY2019-Q2RestatedAnnual report
「In addition, the Group formulated the “FY2020 Consolidated Medium-Term Plan: A New Leap Forward” and worked diligently to advance its growth strategy centered on PT. KRAKATAU OSAKA STEEL (KOS), while further strengthening the efficient production and logistics structure of its domestic operations.」
The company continues to pursue its growth strategy centered on KOS. No new specific progress in KOS's production or sales volumes is disclosed this time. - FY2019-Q1RestatedAnnual report
「In addition, the company worked to advance its growth strategy centered on PT. KRAKATAU OSAKA STEEL (KOS) and further strengthen the efficient production and logistics structure of the Group’s domestic operations.」
The company continues to pursue its growth strategy centered on KOS following the start of commercial operations and plant completion. No new production or sales volume figures or equipment completion are disclosed this time. - FY2018RestatedAnnual report
「At KOS, the completion ceremony was held in July last year. The company is steadily increasing production and sales volumes while leveraging the advantage of stable billet supplies from our group and capturing growing infrastructure demand in Indonesia.」
Since completion, KOS has been increasing production and sales volumes while leveraging stable billet supplies. This continues the expansion policy disclosed through the previous quarter, with no new completed initiative disclosed. - FY2018-Q3AdvancedAnnual report
「In addition, we are promoting closer coordination with subsidiary 東京鋼鐵株式会社. At our Indonesian joint venture PT.KRAKATAU OSAKA STEEL, we are also gradually increasing production and sales volumes while expanding the range of products manufactured.」
KOS has progressed to the stage of gradually increasing production and sales volumes while expanding its product range. - FY2018-Q2AdvancedAnnual report
「Regarding PT.KRAKATAU OSAKA STEEL (KOS), our Indonesian joint venture and part of our future growth strategy, the completion ceremony was held in July this year, and production is being expanded while the range of products manufactured is increased.」
KOS completed its plant ceremony in July this year and has progressed to the stage of expanding production while increasing its product range. - FY2018-Q1AdvancedAnnual report
「In addition, we are working to strengthen coordination with consolidated subsidiary 東京鋼鐵株式会社 in sales, procurement and production. At PT. KRAKATAU OSAKA STEEL, our Indonesian joint venture and a component of our future growth strategy, we are establishing a system for stable supply of high-quality steel products in the Indonesian market while expanding the range of products manufactured.」
Following the start of commercial operations at KOS, the company is expanding its product range and establishing a system for stable supply of high-quality steel products to the Indonesian market. - FY2017-Q3AchievedAnnual report
「Meanwhile, at PT. KRAKATAU OSAKA STEEL (KOS), our Indonesian overseas growth-strategy venture, trial operations began in November last year and commercial operations began on 25 January this year.」
After trial operations began in November of the previous year, the new KOS plant began commercial operations on 25 January this year and became operational. - FY2017-Q2SoftenedAnnual report
「Meanwhile, as part of our overseas business expansion, the new plant of PT.KRAKATAU OSAKA STEEL (KOS), our joint venture with Indonesia's state-owned steelmaker Krakatau, will be brought online during this year, with full-scale commercial production scheduled to begin early next year.」
The schedule has changed from the previous plan of commencing operations in autumn this year to a two-stage plan of launching the new plant during this year and beginning full-scale commercial production early next year, making the timing of full-scale commercial production explicit. - FY2017-Q1RestatedAnnual report
「In addition to these initiatives, we are steadily proceeding with construction of the new plant of PT. KRAKATAU OSAKA STEEL (KOS), our joint venture with Indonesia's state-owned steelmaker Krakatau, with the aim of commencing operations in autumn this year as part of our future growth strategy.」
For the new KOS plant, the company is reiterating its target of commencing operations in autumn this year and the continuation of construction. - FY2016First statedAnnual report
「As part of our future growth strategy, we have steadily proceeded with construction of the new plant of PT.KRAKATAU OSAKA STEEL (KOS), our joint venture with Indonesia's state-owned steelmaker Krakatau, with the aim of commencing operations in autumn this year.」
For the new KOS plant, the company disclosed a target to commence operations in autumn 2016 and progress on construction.