Sumitomo Bakelite Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended of September 30, 2016; Provides Earnings Guidance for the Year Ending of March 31, 2017; Announces the Dividend for the Six Months Ended of September 30, 2016, Payable from December 01, 2016; Provides Dividend Guidance for the Full Year Ending of March 31, 2017
November 13, 2016
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Sumitomo Bakelite Co. Ltd. reported consolidated earnings results for the six months ended of September 30, 2016. For the period, the company reported net sales of JPY 97,392 million compared to JPY 105,608 million a year ago. Operating income was JPY 7,278 million compared to JPY 4,813 million a year ago. Ordinary income was JPY 7,494 million compared to JPY 5,025 million a year ago. Profit attributable to owners of parent was JPY 5,246 million compared to JPY 2,114 million a year ago. Basic earnings per share were JPY 22.29 compared to JPY 8.78 a year ago. Net cash provided by operating activities was JPY 11,331 million compared to JPY 7,474 million a year ago. Purchase of property, plant and equipment was JPY 3,209 million compared to JPY 4,759 million a year ago.
The company provided earnings guidance for the year ending of March 31, 2017. For the period, the company expects net sales to be of JPY 200,000 million. Operating income expected to be of JPY 15,000 million. Ordinary income expected to be of JPY 15,500 million. Profit attributable to owners of parent expected to be of JPY 9,000 million. Basic earnings per share expected to be of JPY 38.24.
The company announced the dividend for the six months ended of September 30, 2016. For the period, the company announced the dividend of JPY 5.00 per share compared to JPY 5.00 per share a year ago. The dividend will be paid from December 01, 2016.
For the full year ending of March 31, 2017, the company provided dividend guidance of JPY 5.00 per share compared to JPY 5.00 per share a year ago.
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. Reports Consolidated Earnings Results for the Six Months Ended of September 30, 2016; Provides Earnings Guidance for the Year Ending of March 31, 2017; Announces the Dividend for the Six Months Ended of September 30, 2016, Payable from December 01, 2016; Provides Dividend Guidance for the Full Year Ending of March 31, 2017