Sumitomo Metal Mining Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales of ¥241,980 million against ¥211,407 million for the same period a year ago. Profit before tax was ¥37,865 million against ¥32,336 million for the same period a year ago. Profit was ¥32,646 million against ¥24,573 million for the same period a year ago. Profit attributable to owners of parent was ¥28,910 million against ¥23,303 million for the same period a year ago. Diluted earnings per share were ¥105.21 against ¥75.90 a year ago.

For the six months ending September 30, 2018, the consolidated company expects net sales of ¥477,000 million, profit before tax of ¥64,000 million, profit attributable to owners of parent of ¥51,000 million and basic earnings per share of ¥185.59.

For the year ending March 31, 2019, the consolidated company expects net sales of ¥930,000 million, profit before tax of ¥121,000 million, profit attributable to owners of parent of ¥94,000 million and basic earnings per share of ¥342.07.

The company provided dividend guidance for the second quarter and full year of fiscal year ending March 31, 2019. For the second quarter, the company expects to pay dividend of JPY 51.00 per share compared to JPY 17.00 per share paid for the same period a year ago.

For the year ending March 31, 2019, the company expects to pay dividend of JPY 52.00 per share compared to JPY 66.00 per share paid for the same period a year ago.