Sumida Corporation Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2016
October 27, 2016
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Sumida Corporation reported consolidated earnings results for the nine months ended September 30, 2016. For the period, net sales were JPY 61,401 million against JPY 65,698 million a year ago. Operating income was JPY 4,551 million against JPY 3,712 million a year ago. Ordinary income was JPY 3,870 million against JPY 3,025 million a year ago. Net income attributable to owners of parent was JPY 2,360 million against JPY 1,834 million a year ago. Net income per share (Basic) was JPY 101.69 million against JPY 79.03 million a year ago. Net assets per share as at September 30, 2016 were JPY 640.19 against JPY 746.93 as at December 31, 2015. Income before income taxes and minority interests was JPY 3,879 million against JPY 2,820 million a year ago. Net cash provided by operating activities was JPY 5,509 million against JPY 4,843 million a year ago. Purchase of property, plant and equipment was JPY 2,883 million against JPY 3,247 million a year ago.
For the year ending December 31, 2016, on consolidated basis, the company expects net sales of JPY 88,000 million, operating income of JPY 4,800 million, ordinary income of JPY 4,200 million, profit attributable to owners of parent of JPY 2,500 million and net income per share of JPY 107.71.
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 Corporation Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2016