63dc847c-af74-45e9-baaa-ad3734f6a5bb.pdf

May 12, 2016

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

Representative: Yoshiaki Nakazato, President and Representative

Director

Contact: Tsuyoshi Nozawa, Deputy General Manager, PR & IR Dept.

TEL: +81-3-3436-7705

Differences between Consolidated Full Year Forecast and Actual Results and between Non-Consolidated Full Year Results and Previous Year Results

Sumitomo Metal Mining Co., Ltd. (SMM) announces a difference between financial results for the year ending March 2016 (April 1, 2015 - March 31, 2016) and most recent forecast, announced on February 5, 2016. SMM also announces differences between the non-consolidated full year results and the results of the previous year.

  1. Differences between consolidated full year forecast and actual results

    Consolidated full year forecast and actual results for the year ending March 2016 (April 1, 2015 - March 31, 2016)

    (units: million yen, yen, %)

    Net sales

    Operating income

    Ordinary income

    Net income attributable to owners of parent

    Net income per share

    Most recent forecast (A)

    855,000

    62,000

    4,000

    5,000

    9.06

    Actual results (B)

    855,407

    59,720

    12,764

    309

    0.56

    Discrepancy (B-A)

    407

    2,280

    8,764

    5,309

    Rate of discrepancy (%)

    0.0

    3.7

    Reference: Results for previous period (Year ending March 2015)

    921,334

    125,779

    174,226

    91,113

    165.11

    (Reason for difference)

    Consolidated full year results for the year ending March 2016 showed an operating income lower than forecast mainly due to the higher yen. Ordinary income and net income attributable to owners of the parent company also fell below the forecast

    mainly due to exchange rate losses due to the higher yen.

  2. Differences between non-consolidated full year results and previous year results Non-consolidated full year results and previous year results for the year ending March 2016 (April 1, 2015 - March 31, 2016)

(units: million yen, yen, %)

Net sales

Operating income

Ordinary income

Net income

Net income per share

Results for previous period (A)

(Year ending March 2015)

758,771

77,357

130,237

57,665

104.49

Actual results (B)

(Year ending March 2016)

700,317

48,940

65,348

16,281

29.51

Discrepancy (B-A)

58,454

28,417

64,889

41,384

Rate of discrepancy (%)

7.7

36.7

49.8

71.8

(Reason for difference)

While there were favorable factors including an increase in nickel sales volume and a depreciation of the yen, non-consolidated full year results for the year ending March 2016 showed net sales and operating income significantly lower than the previous fiscal year due to a large drop in metal prices amongst other factors. Ordinary income and net income also saw a significant fall in comparison to the previous fiscal year due to factors including exchange losses attributable to a rapid strengthening of the yen around the end of the fiscal year.

Sumitomo Metal Mining Co. Ltd. published this content on 12 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 May 2016 06:17:07 UTC.

Original documenthttp://www.smm.co.jp/E/uploaded_files/20160512-2e.pdf

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