Sumida Corporation Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017; Provides Dividend Guidance for the Third Quarter of 2017 and Full Year Ending December 31, 2017; Declares Dividend for the Second Quarter of 2017, Payable on August 25, 2017
July 27, 2017
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Sumida Corporation reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported sales revenue of ¥43,368 million against ¥41,525 million a year ago. Operating profit was ¥3,346 million against ¥3,159 million a year ago. Income before taxes was ¥3,004 million against ¥2,688 million a year ago. Net income attributable to owners of company was ¥2,106 million or ¥86.54 per basic and diluted share against ¥1,831 million or ¥78.89 per basic and diluted share a year ago. Net cash flow from operating activities was ¥3,138 million against ¥3,654 million a year ago. Capital expenditure on property, plant and equipment was ¥3,207 million against ¥1,747 million a year ago.
For the year ending December 31, 2017, the company expects consolidated revenue of ¥86,700 million, operating income of ¥5,900 million, income before taxes of ¥5,100 million, profit attributable to owners of company of ¥3,300 million or ¥123.55 per share.
The company expects to pay a dividend of ¥6.00 per share for the third quarter of 2017 compared to ¥6.00 per share for the same period paid a year ago.
The company expects to pay a dividend of ¥6.00 per share for the year ending December 31, 2017 compared to ¥16.00 per share for the same period paid a year ago.
The company declared a dividend of ¥6.00 per share for the second quarter ended June 30, 2017, payable on August 25, 2017.
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, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017; Provides Dividend Guidance for the Third Quarter of 2017 and Full Year Ending December 31, 2017; Declares Dividend for the Second Quarter of 2017, Payable on August 25, 2017