Sumida Corp. announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of JPY 21,585 million compared to JPY 18,647 million for the same period a year ago. Operating income was JPY 1,003 million compared to JPY 524 million a year ago. Ordinary income was JPY 911 million compared to JPY 344 million a year ago. Net income was JPY 618 million or JPY 26.65 per basic share compared to JPY 246 million or JPY 10.63 per basic share a year ago. Income before income taxes and minority interests was JPY 728 million compared to JPY 406 million a year ago. Net cash used in operating activities was JPY 573 million compared to JPY 212 million a year ago. Purchase of property, plant and equipment was JPY 1,109 million compared to JPY 1,282 million a year ago.

For the full year ending December 31, 2015, on consolidated basis, the company now expects net sales of JPY 83,630 million, operating income of JPY 2,700 million, ordinary income of JPY 2,000 million and net income of JPY 1,000 million or JPY 43.08 per share.

For the first quarter of 2015, the company announced dividend of JPY 5.00 per share against JPY 5.00 per share a year ago. The payment date of dividend is May 28, 2015.

For the second, third and fourth quarters of 2015, the company expects dividend of JPY 5.00 per share against JPY 5.00 per share a year ago periods.