Consolidated Financial Results (for the First Quarter Ended June 30, 2016) [PDF : 83.2 KB]

Consolidated Financial Results for the First Quarter Ended June 30, 2016 [J-GAAP]

Listed Company Name: Sumitomo Metal Mining Co., Ltd. Code: 5713

Listings: Tokyo Stock Exchange

URL: http://www.smm.co.jp/

Representative: Yoshiaki Nakazato, President and Representative Director

August 10, 2016

Contact: Tsuyoshi Nozawa, Deputy General Manager, PR & IR Dept. TEL: [phone] Scheduled Date to Submit Quarterly Report: August 12, 2016

Scheduled Date to Start Dividend Payment: -

Preparation of Supplementary Explanation Materials for Quarterly Financial Results: Yes Briefing on Quarterly Settlement: Yes (for institutional investors)

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2016, to June 30, 2016)

2. Consolidated Operating Results

   (% figures show year-on-year change)

   Net sales	Operating income	Ordinary income	Profit (loss) attributable to owners of parent
   Three months ended June 30, 2016	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %
   	177,046 -26.1	8,007 -69.3	271 -99.3	(6,936) ―
   Three months ended June 30, 2015	239,613 14.4	26,081 25.3	36,595 35.9	26,335 42.0

   (Note) Comprehensive income

   Three months ended June 30, 2016: -¥47,547 million (―%); Three months ended June 30, 2015: ¥25,530 million (167.9%)

   Profit (loss) per share (Basic)	Profit per share (Diluted)
   Three months ended June 30, 2016 Three months ended June 30, 2015	Yen (12.57) 47.74	Yen ― 43.52

   (Note) Profit per share (diluted) is not disclosed as loss per share (basic) for the three months ended June 30, 2016 was recorded even though there are potentially dilutive shares.

3. Consolidated Financial Position

   Total assets	Net assets	Equity ratio
   As of June 30, 2016	Millions of yen	Millions of yen	%
   	1,600,443	1,022,299	58.6
   As of March 31, 2016	1,630,800	1,075,995	60.3

   (Reference) Shareholders' equity

   As of June 30, 2016: ¥937,821 million; As of March 31, 2016: ¥982,958 million

4. Dividends

   Dividend per share
   First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Year ended March 31, 2016	Yen	Yen	Yen	Yen	Yen
   	―	21.00	―	10.00	31.00
   Year ending March 31, 2017	―
   Year ending March 31, 2017 (Forecast)	5.00	―	8.00	13.00

   (Note) Revision of dividend forecast that has been disclosed lastly: No

   - 1 -

5. Forecast of Consolidated Operating Results for the Year Ending March 31, 2017 (From April 1, 2016, to March 31, 2017)

   (Percentages indicate changes from the previous fiscal year for full year and from the corresponding period of the previous year for second quarter)

   Net sales	Operating income	Ordinary income	Profit (loss) attributable to owners of parent	Profit (loss) per share
   Second quarter (cumulative)	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen % (3,000) ― 23,000 ―	Yen
   	359,000 -21.8	16,000 -68.9	5,000 -92.3		(5.44)
   Full year	733,000 -14.3	46,000 -23.0	41,000 ―		41.69

   (Note) Revision of operating results forecast that has been disclosed lastly: Yes

   The forecast of consolidated operating results for the six months ending September 30, 2016, has been revised. However, the forecast for the full year remains unchanged from the one announced on May 12, 2016. For further details, please refer to "1. Qualitative Information on Quarterly Financial Results, (3) Forward-Looking Information Including Forecast of Consolidated Operating Results and Other" on page 3.

   Notes

6. Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None

7. Application of Accounting Procedures Specific to Quarterly Consolidated Financial Statements: Yes (Note) For further details, please refer to "2. Summary Information (Notes)" on page 3.

8. Changes in Accounting Policies or Estimates and Retrospective Restatements

9. Changes in accounting policies in accordance with revision of accounting standards: None

10. Changes in accounting policies other than item 1) above: None

11. Change in accounting estimates: None

12. Retrospective restatements: None

13. Number of Outstanding Shares (Common stock)

14. Number of shares issued as of end of period (including treasury stock) 581,628,031 shares at June 30, 2016

    581,628,031 shares at March 31, 2016

15. Number of shares of treasury stock as of end of period 29,997,594 shares at June 30, 2016

    29,996,055 shares at March 31, 2016

16. Average number of shares during the period

17. 551,630,616 shares for three months ended June 30, 2016

    551,671,313 shares for three months ended June 30, 2015

    Presentation regarding status of quarterly review procedure

    The consolidated financial results presented herein are not subject to the quarterly review procedure specified by the Financial Instruments and Exchange Act. The review procedure for quarterly consolidated financial statements specified by the Financial Instruments and Exchange Act has not been completed at the time of the disclosure of these financial results.

    Explanation regarding appropriate use of operating results forecast and other special notes

    The forecast of consolidated operating results for the six months ending September 30, 2016, disclosed on May 12, 2016, has been revised in this report. The forward-looking statements, including business results forecast, contained in these materials are based on information available to the Company and on certain assumptions deemed to be reasonable as of the date of release of this document and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors.

    (Supplementary Explanation Materials for Financial Results)

    The Supplementary Explanation Materials will be posted on the Company's website on Wednesday, August 10, 2016.