Sumitomo Bakelite Co. Ltd. announced unaudited consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported net sales of ¥206,956 million, operating income of ¥10,241 million, ordinary income of ¥10,598 million, income before income taxes and non-controlling interests of ¥7,410 million, profit attributable to owners of parent of ¥3,828 million or ¥16.01 per share, net cash provided by operating activities of ¥19,233 million, purchases of property, plant and equipment of ¥9,437 million compared to net sales of ¥209,659 million, operating income of ¥10,904 million, ordinary income of ¥11,263 million, income before income taxes and non-controlling interests of ¥11,344 million, profit attributable to owners of parent of ¥7,113 million or ¥29.53 per share, net cash provided by operating activities of ¥15,672 million, purchases of property, plant and equipment of ¥9,810 million for the previous year. The company reported return on equity of 2.3% against 4.5% for the previous year. Return on assets was 3.9% against 4.3% for the previous year.

For the year, on non-consolidated basis, the company reported net sales of ¥88,637 million against ¥92,184 million a year ago. Operating loss was ¥482 million against income of ¥1,250 million a year ago. Ordinary income was ¥10,288 million against ¥9,088 million a year ago. Net income was ¥5,814 million against ¥8,179 million a year ago. Net income per share (basic) was ¥24.31 against ¥33.96 a year ago.

The company provided consolidated earnings guidance for the half-year ending Sep. 30, 2016 and full year ending March 31, 2017. For the half-year, the company expects net sales of ¥107,000 million, operating income ¥7,200 million, ordinary income ¥7,500 million, profit attributable to owners of parent of ¥4,300 million and basic earnings per share of ¥18.27.

For the year, the company expects net sales of ¥215,000 million, operating income ¥15,000 million, ordinary income ¥15,500 million, profit attributable to owners of parent of ¥9,000 million and basic earnings per share of ¥38.24.

The company announced dividend of ¥5.00 per share for fourth quarter ended March 31, 2016. Date of the start of dividend payment is June 23, 2016.

The company forecasts dividend per share of ¥5 for second quarter and full fiscal year ending March 31, 2017.