Sumida Corporation announced consolidated and non-consolidated earnings results for the year ended Dec. 31, 2016. For the year, the consolidated company reported net sales of ¥81,052 million, operating income of ¥5,696 million, income before income taxes of ¥4,805 million, income attributable to owners of parent of ¥3,087 million, net cash provided by operating activities of ¥7,774 million, purchase of property, plant and equipment of ¥4,350 million, purchase of intangible assets of ¥157 million, net income per share - basic of ¥133.02 compared to the net sales of ¥86,236 million, operating income of ¥4,237 million, income before income taxes of ¥2,932 million, income attributable to owners of parent of ¥2,032 million, net cash provided by operating activities of ¥5,515 million, purchase of property, plant and equipment of ¥4,378 million, purchase of intangible assets of ¥70 million, net income per share - basic of ¥87.55 for the previous year.

For the year ending December 31, 2017, the company expects consolidated net sales of ¥86,700 million, operating income of ¥5,900 million, profit attributable to owners of parent of ¥3,300 million or ¥142.18 per share.

For the year, the non-consolidated company reported net sales of ¥1,524 million, operating income of ¥686 million, net income of ¥1,120 million, net income per share - basic of ¥48.27 compared to the net sales of ¥2,727 million, operating income of ¥2,024 million, net income of ¥1,698 million, net income per share - basic of ¥73.16 for the previous year.

The company expects to pay a dividend for the year ending December 31, 2016 of ¥16.00 per share against ¥11.00 per share a year ago. The dividend Payment starts from March 26, 2017.

For the first quarter 2017, the company expects to pay dividend of ¥6.00 per share against ¥6.00 per share a year ago.

For the second quarter 2017, the company expects to pay dividend of ¥6.00 per share against ¥6.00 per share a year ago.

For the third quarter 2017, the company expects to pay dividend of ¥6.00 per share against ¥6.00 per share a year ago.

For the year ending December 31, 2017, the company expects to pay dividend of ¥6.00 per share against ¥16.00 per share a year ago.