Sumitomo Bakelite Company Limited Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Fourth Quarter Ending of March 31, 2017
February 05, 2017
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Sumitomo Bakelite Company Limited announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 147,773 million compared to JPY 156,947 million a year ago. Operating income was JPY 11,562 million compared to JPY 8,473 million a year ago. Ordinary income was JPY 12,032 million compared to JPY 8,887 million a year ago. Profit before income taxes and non-controlling interests was JPY 10,333 million compared to JPY 6,569 million a year ago. Profit attributable to owners of parent was JPY 6,953 million or JPY 29.54 per basic share compared to JPY 3,285 million or JPY 13.67 per basic share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of JPY 200,000 million, operating income of JPY 15,000 million, ordinary income of JPY 15,500 million and profit attributable to owners of parent of JPY 9,000 million or JPY 38.24 per basic share.
For the fourth quarter ending of March 31, 2017, the company provided dividend guidance of JPY 5.00 per share.
Sumitomo Bakelite Company Limited is a Japan-based company mainly engaged in the manufacture and sale of semiconductor-related materials, high-functional plastic and quality of life related products. The Company operates in three segments. The Semiconductor-related Materials segment provides epoxy molding materials for semiconductor encapsulation, liquid resins for semiconductor uses and semiconductor substrate material. The High-Functional Plastic segment provides phenolic molding materials, industrial phenolic resins, molding products and synthetic resin-based adhesives, among others. The Quality of Life Product-related segment offers medical equipment, thermoplastic resins, vinyl resin sheets and melamine resin decorated sheets, among others. Other businesses include contract works of research and test and the leasing of land, etc.
Sumitomo Bakelite Company Limited Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend Guidance for the Fourth Quarter Ending of March 31, 2017