Sumitomo Corporation reported consolidated unaudited earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported profit attributable to owners of the parent totaled of JPY 22.7 billion, representing a decrease of JPY 59.3 billion from the same period of the previous year. Basic profit, which excludes extraordinary gains and losses was JPY 41.1 billion, representing a decrease of JPY 26.6 billion. Free cash flow was JPY 70.7 billion inflow for the period. Revenues were JPY 921.044 billion against JPY 941.725 billion a year ago. Profit before tax was JPY 37.590 billion against JPY 109.216 billion a year ago. Diluted per share was JPY 18.14 against JPY 65.67 a year ago. Net cash provided by operating activities totaled JPY 119.6 billion, as core businesses performed well in generating cash. Purchase of property, plant, equipment and other assets was JPY 39.707 billion against JPY 40.683 billion a year ago.

For the fiscal year ending March 31, 2017, the company expects profit for the period attributable to owners of the parents of 17% of 130 billion, and basic profit expects to 27% of JPY 150 billion. The company expects profit before tax of JPY 170 billion and earnings per share attributable to owners of the parent of JPY 104.17.