Sumida Corporation Reports Consolidated Earnings Results for the Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year Ending December 31, 2016; Provides Dividend Guidance for the Third Quarter of 2016 and Full Year 2016; Declares Dividend for the Second Quarter of 2016, Payable on August 26, 2016
July 27, 2016
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Sumida Corporation reported consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported net sales of ¥41,525 million against ¥43,546 million a year ago. Operating income was ¥2,845 million against ¥2,227 million a year ago. Ordinary income was ¥2,339 million against ¥1,899 million a year ago. Net income attributable to owners of parent was ¥1,581 million or ¥68.12 per share against ¥1,069 million or ¥46.10 per share a year ago. Income before income taxes and minority interests was ¥2,344 million against ¥1,715 million a year ago. Net cash provided by operating activities was ¥3,386 million against ¥2,500 million a year ago. Purchase of property, plant and equipment was ¥1,747 million against ¥2,264 million a year ago.
For the year ending December 31, 2016, the company expects consolidated net sales of ¥88,000 million, operating income of ¥4,800 million, ordinary income of ¥4,200 million, profit attributable to owners of parent of ¥2,500 million or ¥107.71 per share.
The company expects to pay a dividend of ¥6.00 per share for the third quarter of 2016.
The company expects to pay a dividend of ¥6.00 per share for the year ending December 31, 2016.
The company declared a dividend of ¥6.00 per share for the second quarter ended June 30, 2016, payable on August 26, 2016.
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 Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year Ending December 31, 2016; Provides Dividend Guidance for the Third Quarter of 2016 and Full Year 2016; Declares Dividend for the Second Quarter of 2016, Payable on August 26, 2016