Sumida Corporation Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2017; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2017; Announces Dividend for the Third Quarter Ended September 30, 2017, Payable on November 30, 2017
November 19, 2017 at 10:25 am EST
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Sumida Corporation reported consolidated earnings results for the nine months ended September 30, 2017. For the period, net sales were JPY 66,532 million against JPY 61,401 million a year ago. Operating income was JPY 5,120 million against JPY 5,009 million a year ago. Ordinary income was JPY 4,678 million against JPY 4,379 million a year ago. Net income attributable to owners of parent was JPY 3,242 million against JPY 2,782 million a year ago. Net income per share (diluted) was JPY 126.56 million against JPY 117.45 million a year ago. Income before taxes was JPY 4,678 million against JPY 4,379 million a year ago. Net cash provided by operating activities was JPY 3,042 million against JPY 5,891 million a year ago. Capital expenditure on property, plant and equipment was JPY 5,704 million against JPY 2,883 million a year ago.
For the year ending December 31, 2017, on consolidated basis, the company expects net sales of JPY 86,700 million, operating income of JPY 5,900 million, income before taxes of JPY 5,100 million, profit attributable to owners of parent of JPY 3,300 million and net income per share of JPY 123.55.
For the third quarter, the company announced dividend of JPY 6 per share. The date dividend payment is November 30, 2017.
For the end of fiscal year ended Dec. 2017, the company expects to pay a dividend of JPY 6 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 Consolidated Earnings Results for the Nine Months Ended September 30, 2017; Provides Earnings and Dividend Guidance for the Year Ending December 31, 2017; Announces Dividend for the Third Quarter Ended September 30, 2017, Payable on November 30, 2017