Sumida Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year Ending December 31, 2017; Provides Dividend Guidance for the First Quarter, Second Quarter, Third Quarter and Full Year 2017; Declares Dividend for the Year Ended December 31, 2016, Payment Starts from March 26, 2017
February 05, 2017
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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.
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 Year Ended December 31, 2016; Provides Earnings Guidance for the Year Ending December 31, 2017; Provides Dividend Guidance for the First Quarter, Second Quarter, Third Quarter and Full Year 2017; Declares Dividend for the Year Ended December 31, 2016, Payment Starts from March 26, 2017