Sumitomo Bakelite Co. Ltd. Announces Unaudited Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Half-Year Ending Sep. 30, 2016 and Full Year Ending March 31, 2017; Announces Dividend for Fourth Quarter Ended March 31, 2016, Payable on June 23, 2016; Provides Dividend Guidance for the Half-Year Ending Sep. 30, 2016 and Full Year Ending March 31, 2017
May 15, 2016
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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.
Sumitomo Bakelite Company Limited is a Japan-based company mainly engaged in the manufacture and sale of semiconductor-related materials, high-functional plastic and quality of life related products. The Company operates in three segments. The Semiconductor-related Materials segment provides epoxy molding materials for semiconductor encapsulation, liquid resins for semiconductor uses and semiconductor substrate material. The High-Functional Plastic segment provides phenolic molding materials, industrial phenolic resins, molding products and synthetic resin-based adhesives, among others. The Quality of Life Product-related segment offers medical equipment, thermoplastic resins, vinyl resin sheets and melamine resin decorated sheets, among others. Other businesses include contract works of research and test and the leasing of land, etc.
Sumitomo Bakelite Co. Ltd. Announces Unaudited Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Half-Year Ending Sep. 30, 2016 and Full Year Ending March 31, 2017; Announces Dividend for Fourth Quarter Ended March 31, 2016, Payable on June 23, 2016; Provides Dividend Guidance for the Half-Year Ending Sep. 30, 2016 and Full Year Ending March 31, 2017