Sumitomo Metal Mining Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2020; Unable to Provide Earnings Guidance for the Year Ending March 31, 2021 Due to Covid-19
For the year, on non consolidated basis, the company reported net sales of JPY 743,418 million compared to JPY 758,858 million a year ago. Operating profit was JPY 43,371 million compared to JPY 37,020 million a year ago. Ordinary profit was JPY 110,491 million compared to JPY 77,622 million a year ago. Profit was JPY 87,940 million compared to JPY 49,716 million a year ago. Profit per basic share was JPY 320.03 compared to JPY 180.92 a year ago. Profit per diluted share was JPY 320.03 compared to JPY 180.92 a year ago.
The forecast of consolidated operating results for the year ending March 31, 2021 remains undetermined, as the outlook for the economic environment is unpredictable due to the spread of the COVID-19, and it is difficult to reasonably calculate the full-year results at this time. Going forward, the forecast will be promptly disclosed once it can be reasonably calculated.