Sumitomo : Notice Concerning Forecasts for the Fiscal Year Ending March 31, 2021
August 07, 2020 at 12:34 am EDT
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For Immediate Release
(This is an English translation of the Japanese original.)
August 7, 2020
Sumitomo Corporation
Masayuki Hyodo,
Representative Director, President and Chief Executive Officer
Code No: 8053 Tokyo Stock Exchange (TSE), 1st Section
Contact: Ryuichiro Hirano,
General Manager,
Corporate Communications Dept.
Tel. +81-3-6285-3100
Notice Concerning Forecasts for the fiscal year ending March 31, 2021
Sumitomo Corporation (hereinafter "Sumitomo") today announced forecasts for the fiscal year ending March 31, 2021 which Sumitomo postponed the disclosure in the announcement of financial results for the fiscal year ended March 31, 2020 released on May 8, 2020.
1．Forecasts for the fiscal year ending March 31, 2021
Profit / (Loss) for
Earnings per
Profit / (Loss)
the year
share attributable
Revenues
attributable to
before tax
to owners of the
owners of the
parent (basic)
parent
Previous Forecasts(A)
(millions of yen)
(millions of yen)
(millions of yen)
(yen)
-
-
-
-
Revised Forecasts(B)
-
-
(150,000)
(120.01)
Difference (B-A)
-
-
-
-
Difference (%)
-
-
-
-
(Compared to A)
Results for the fiscal year
ended March 31, 2020
5,299,814
251,922
171,359
137.18
(for reference)
2． Reasons for Disclosure
Sumitomo postponed the disclosure of forecasts for the fiscal year ending March 31, 2021 in the announcement of financial results for the fiscal year ended March 31, 2020 released on May 8, 2020 due
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to the uncertainty of the timing for the end of COVID-19 outbreak and the degree of the financial impacts. Although that uncertainty still remains, Sumitomo have set the forecasts for the fiscal year ending March 31, 2021 based on quarterly results ended June 30, 2020 and initiatives in this fiscal year.
3． Dividend Forecast
Sumitomo will not revise the dividend forecast for the fiscal year ending March 31, 2021 which is 70 yen per share (the interim dividend : 35 yen per share, the year-end dividend : 35 yen per share) as announced on May 8, 2020.
For more details, please refer to the Consolidated quarterly results FY2020 (Three month period ended June 30, 2020) which Sumitomo released today.
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Sumitomo Corporation published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 04:33:08 UTC
Sumitomo Corporation is a diversified group organized around 7 areas of activity:
- retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business;
- trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.;
- trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.;
- distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.;
- telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services;
- development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services;
- other (0.1%).
SUMITOMO CORPORATION 
