Sumida Corp. announced consolidated and non-consolidated earnings results for the year ended December 31, 2014. For the period, the company reported consolidated net sales of JPY 77,563 million compared to JPY 63,893 million for the same period a year ago. Operating income was JPY 3,345 million compared to JPY 1,698 million last year. Ordinary income was JPY 2,799 million compared to JPY 1,107 million last year. Net income was JPY 1,346 million or JPY 58.01 per basic share compared to net loss of JPY 2,008 million or JPY 91.41 per basic share last year. Income before income taxes and minority was JPY 3,162 million compared to JPY 817 million last year. Net cash provided by operating activities was JPY 1,512 million compared to JPY 4,313 million last year. Purchase of property, plant and equipment was JPY 6,109 million compared to JPY 4,314 million last year. Purchase of intangible assets was JPY 67 million compared to JPY 135 million last year.

For the period, the company reported and non-consolidated net sales of JPY 2,321 million compared to JPY 1,848 million for the same period a year ago. Operating income was JPY 3,345 million compared to JPY 1,698 million last year. Operating income was JPY 1,792 million compared to JPY 1,350 million last year. Ordinary income was JPY 1,557 million compared to JPY 1,092 million last year. Net income was JPY 1,271 million or JPY 54.77 per basic share compared to JPY 435 million or JPY 19.84 per basic share last year.

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.