Sumida Corporation Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2016; Announces Dividend for the First Quarter Ended March 31, 2016, Payable on May 31, 2016; Provides Dividend Guidance for the Second Quarter, Third Quarter and Fourth Quarter of Fiscal Year Ending December 31, 2016
April 27, 2016
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Sumida Corporation announced consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net sales of JPY 20,603 million compared to JPY 21,585 million a year ago. Operating income was JPY 1,064 million compared to JPY 1,003 million a year ago. Ordinary income was JPY 810 million compared to JPY 911 million a year ago. Net income was JPY 483 million or JPY 20.85 per basic share compared to JPY 618 million or JPY 26.65 per basic share a year ago. Income before income taxes and minority interests was JPY 803 million compared to JPY 728 million a year ago. Net cash used in operating activities was JPY 1,576 million compared to net cash provided by operating activities of JPY 573 million a year ago. Purchase of property, plant and equipment was JPY 1,011 million compared to JPY 1,109 million a year ago.
For the full year ending December 31, 2016, on consolidated basis, the company expects net sales of JPY 88,000 million, operating income of JPY 4,800 million, ordinary income of JPY 4,200 million, net profit attributable to owners of parent of JPY 2,500 million or JPY 107.71 per share.
For the first quarter ended March 31, 2016, the company announced first quarter dividend of JPY 6.00 per share, payable on May 31, 2016.
For the second quarter, third quarter and fourth quarter of fiscal year ending December 31, 2016, the company announced expects to pay dividend of JPY 6.00 per share.
SUMIDA CORPORATION is a Japan-based company mainly engaged in the research and development, manufacture and sale of various electronic components. The Company operates in two geographical segments including Asia Pacific segment and European Union (EU) segment. The Company is engaged in the research and development, design, manufacture and sale of a range of high frequency coils and electronic components used for audio, video, office automation, automobile and industrial equipment applications. The major products of the Company include power inductors, power transformers, signal magnetic, sensors & actuators, power modules, automotive modules, magnetic materials, ceramics, EMS & flexible connections, among others.
Sumida Corporation Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2016; Announces Dividend for the First Quarter Ended March 31, 2016, Payable on May 31, 2016; Provides Dividend Guidance for the Second Quarter, Third Quarter and Fourth Quarter of Fiscal Year Ending December 31, 2016