Sumida Corporation announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of JPY 21,599 million compared to JPY 20,603 million a year ago. Operating income was JPY 1,566 million compared to JPY 1,223 million a year ago. Net income attributable to shareholders was JPY 939 million or JPY 40.48 per basic share compared to JPY 596 million or JPY 25.69 per basic share a year ago. Income before income taxes and minority interests was JPY 1,398 million compared to JPY 983 million a year ago. Net cash used in operating activities was JPY 2,253 million compared to JPY 1,724 million a year ago. Capital expenditure on property, plant and equipment was JPY 1,100 million compared to JPY 1,011 million a year ago. Cash expenditure on intangibles was JPY 123 million compared to JPY 179 million a year ago.

For the full year ending December 31, 2017, on consolidated basis, the company expects revenue of JPY 86,700 million, operating income of JPY 5,900 million, ordinary income of JPY 5,100 million, net profit attributable to owners of parent of JPY 3,300 million or JPY 123.55 per share.

The company announced a dividend of JPY 6.00 per share for the first quarter ended Mar. 31, 2017, payable on May 31, 2017.

For the year ending March 31, 2017, the company expects to pay a dividend of JPY 6.00 per share each at the end of the second quarter, third quarter and at the end of the year.