Sumitomo Seika Chemicals Company, Limited Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
May 15, 2017
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Sumitomo Seika Chemicals Company, Limited reported consolidated earnings results for the fiscal year ended March 31, 2017. For the year, the company reported net sales of JPY 98,857 million against JPY 87,003 million a year ago. Operating income was JPY 10,541 million against JPY 7,404 million a year ago. Ordinary income was JPY 10,006 million against JPY 6,329 million a year ago. Net income attributable to owners of parent was JPY 5,739 million against JPY 4,013 million a year ago. Net income per share for the term was JPY 416.16 against JPY 290.99 a year ago. Shareholder return on equity for the term was 10.2% against 7.5% a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2018. For the year, the company expects net sales of JPY 101,000 million, operating income of JPY 9,500 million, ordinary income of JPY 9,400 million, net income attributable to owners of parent of JPY 6,000 million or JPY 435.09 per share and shareholder return on equity for the term of 10.0%.
Sumitomo Seika Chemicals Company, Limited. is a Japan-based chemical company. The Company operates in three segments. The Chemical Product segment manufactures and sells industrial chemicals, medical products, functional products, water-soluble polymers and fine-grained polymers. The Water Absorbing Resin segment provides super water absorbing resins. The Gas and Engineering segment is engaged in the manufacture and sale of medical gas, chemical gas, standard gas, electronics gas and industrial chemicals, as well as the design, manufacture and sale of pressure swing absorption (PSA) of oxygen/nitrogen/hydrogen gas generators and general chemical engineering equipment, among others.
Sumitomo Seika Chemicals Company, Limited Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018