Sumida Corp. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year Ending December 31, 2015; Announces Dividend for the First Quarter of 2015, Payable on May 28, 2015; Provides Dividend Guidance for the Second, Third and Fourth Quarters of 2015
April 27, 2015
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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.
SUMIDA CORPORATION is a Japan-based company mainly engaged in the research and development, manufacture and sale of various electronic components. The Company operates in two geographical segments including Asia Pacific segment and European Union (EU) segment. The Company is engaged in the research and development, design, manufacture and sale of a range of high frequency coils and electronic components used for audio, video, office automation, automobile and industrial equipment applications. The major products of the Company include power inductors, power transformers, signal magnetic, sensors & actuators, power modules, automotive modules, magnetic materials, ceramics, EMS & flexible connections, among others.
Sumida Corp. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year Ending December 31, 2015; Announces Dividend for the First Quarter of 2015, Payable on May 28, 2015; Provides Dividend Guidance for the Second, Third and Fourth Quarters of 2015