Sumitomo Metal Mining : Consolidated Financial Results (for the Third Quarter Ended December 31, 2014)

Consolidated Financial Results for the Third Quarter Ended December 31, 2014 [J-GAAP]

Listed Company Name: Sumitomo Metal Mining Co., Ltd. Code: 5713
Listings: Tokyo Stock Exchange
URL: http://www.smm.co.jp/
Representative: Yoshiaki Nakazato, President and Representative Director

February 9, 2015

Contact: Shuichi Yasukawa, Deputy General Manager, PR & IR Dept. TEL: [phone]
Scheduled Date to Submit Quarterly Report: February 13, 2015
Scheduled Date to Start Dividend Payment: ―
Preparation of Supplementary Explanation Materials for Quarterly Financial Results: Yes
Briefing on Quarterly Settlement: Yes (for institutional investors)

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2014, to December 31, 2014)

(1) Consolidated Operating Results

(% figures show year-on-year change)

Net sales	Operating income	Ordinary income	Net income
Nine months ended December 31, 2014 Nine months ended December 31, 2013	Millions of yen % 680,931 11.3 611,672 4.3	Millions of yen % 93,802 66.2 56,446 (6.8)	Millions of yen % 140,151 61.6 86,717 22.2	Millions of yen % 96,120 57.5 61,023 9.8

(Note) Comprehensive income

Nine months ended December 31, 2014: ¥121,141 million (-9.9%); Nine months ended December 31, 2013: ¥134,509 million (141.8%)

Net income per share (Basic)	Net income per share (Diluted)
Nine months ended December 31, 2014 Nine months ended December 31, 2013	Yen 174.16 110.51	Yen 155.12 98.62

(2) Consolidated Financial Position

Total assets	Net assets	Equity ratio
As of December 31, 2014 As of March 31, 2014	Millions of yen 1,664,456 1,572,367	Millions of yen 1,116,986 1,019,053	% 60.1 58.1

(Reference) Shareholders' equity

As of December 31, 2014: ¥999,778 million; As of March 31, 2014: ¥913,171 million

2. Dividends

Dividend per share
First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
Year ended March 31, 2014 Year ending March 31, 2015	Yen ― ―	Yen 17.00 24.00	Yen ― ―	Yen 20.00	Yen 37.00
Year ended March 31, 2014 Year ending March 31, 2015	Yen ― ―	Yen 17.00 24.00	Yen ― ―
Year ending March 31, 2015 (Forecast)	24.00	48.00

(Note) Revision of dividend forecast that has been disclosed lastly: None

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3. Forecast of Consolidated Operating Results for the Year Ending March 31, 2015 (From April 1, 2014, to March 31, 2015)

(% figures show year-on-year change)

Net sales	Operating income	Ordinary income	Net income	Net income per share
Full year	Millions of yen % 915,000 10.2	Millions of yen % 125,000 65.7	Millions of yen % 170,000 48.7	Millions of yen % 90,000 12.1	Yen 163.09

(Note) Revision of operating results forecast that has been disclosed lastly: Yes

Notes

(1) Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None
(2) Application of Accounting Procedures Specific to Quarterly Consolidated Financial Statements: Yes
(Note) For further details, please refer to "2. Summary Information (Notes)" on page 4.
(3) Changes in Accounting Policies or Estimates and Retrospective Restatements
1) Changes in accounting policies in accordance with revision of accounting standards: Yes
2) Changes in accounting policies other than item 1) above: None
3) Change in accounting estimates: None
4) Retrospective restatements: None
(Note) For further details, please refer to "2. Summary Information (Notes)" on page 4.
(4) Number of Outstanding Shares (Common stock)
1) Number of shares issued as of end of period (including treasury stock)
581,628,031 shares at December 31, 2014
581,628,031 shares at March 31, 2014
2) Number of shares of treasury stock as of end of period
29,931,810 shares at December 31, 2014
29,472,788 shares at March 31, 2014
3) Average number of shares during the period
551,901,389 shares for nine months ended December 31, 2014
552,195,097 shares for nine months ended December 31, 2013

Presentation regarding status of quarterly review procedure

The consolidated financial results presented herein are not subject to the quarterly review procedure specified by the Financial Instruments and Exchange Act. The review procedure for quarterly consolidated financial statements specified by the Financial Instruments and Exchange Act has not been completed at the time of the disclosure of these financial results.

Explanation regarding appropriate use of operating results forecast and other special notes

Forecast of consolidated operating results for the full year ending March 31, 2015, disclosed on November 10, 2014, is revised in this report. The forward-looking statements, including business results forecast, contained in these materials are based on information available to the Company and on certain assumptions deemed to be reasonable as of the date of release of this document and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors.
(Supplementary Explanation Materials for Financial Results)
The Supplementary Explanation Materials will be posted on the Company's website on Monday, February 9, 2015.

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