Sumida Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2019. For the six months, on consolidated basis, reported sales of JPY 46,371 million compared to JPY 46,540 million a year ago. Operating profit was JPY 1,124 million compared to JPY 1,738 million a year ago. Quarterly profit was JPY 54 million or JPY 4.39 per basic share compared to JPY 765 million or JPY 26.32 per basic share a year ago. Diluted quarterly earnings per share were JPY 4.37 per basic share against JPY 25.87 per basic share a year ago.

For the second quarter, on consolidated basis, reported sales of JPY 23,172 million compared to JPY 23,838 million a year ago. Operating profit was JPY 524 million compared to JPY 1,281 million a year ago. Quarterly loss was JPY 63 million compared to profit of JPY 451 million a year ago. Basic quarterly earnings per share were JPY 0.17 per basic share against JPY 15.55 per basic share a year ago.

For the year ending December 31, 2019, on consolidated basis, the company expects net sales of JPY 92,000 million, operating income of JPY 2,200 million, profit attributable to owners of parent of JPY 500 million and basic quarterly earnings per share of JPY 18.43.