Sumida Corporation Reports Non-Audited Consolidated Earnings Results for the Year Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2020; Announces Year-End Dividend for the Year Ended December 31, 2019, Payable on March 3, 2020; Provides Dividend Guidance for the First Quarter, Second Quarter, Third Quarter, and Year-End of Fiscal Year Ending December 31, 2020
February 05, 2020
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Sumida Corporation reported non-audited consolidated earnings results for the year ended December 31, 2019. For the year, on consolidated basis, the company reported revenue of JPY 94,283 million compared to JPY 97,538 million a year ago. Operating profit was JPY 3,543 million compared to JPY 5,383 million a year ago. Profit was JPY 1,596 million compared to JPY 2,531 million a year ago. Basic earnings per share was JPY 58.36 against JPY 90.24 a year ago. Diluted earnings per share was JPY 58.20 against JPY 88.99 a year ago.
For the year ending December 31, 2020, on consolidated basis, the company expects revenue to be JPY 96,000 million, operating profit to be JPY 4,000 million, profit attributable to owners of the parent to be JPY 2,000 million, earnings per share of JPY 73.67.
The company announced a year-end dividend of JPY 6.00 per share for the year ended December 31, 2019, compared to JPY 9.00 per share for the year ended December 31, 2018. The date on which dividend payments to commence is March 3, 2020.
The company provided dividend guidance for the first quarter, second quarter, third quarter, and year-end of fiscal year ending December 31, 2020. For the first quarter of 2020, the company expects to pay a dividend of JPY 6.00 per share.
For the second quarter of 2020, the company expects to pay a dividend of JPY 6.00 per share.
For the third quarter of 2020, the company expects to pay a dividend of JPY 6.00 per share.
For the year-end 2020, the company expects to pay a dividend of JPY 6.00 per share.
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 Non-Audited Consolidated Earnings Results for the Year Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2020; Announces Year-End Dividend for the Year Ended December 31, 2019, Payable on March 3, 2020; Provides Dividend Guidance for the First Quarter, Second Quarter, Third Quarter, and Year-End of Fiscal Year Ending December 31, 2020