Sumitomo Metal Mining Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the year, on consolidated basis, the company reported net sales of JPY 912,208 million compared to JPY 929,746 million a year ago. Profit was JPY 67,241 million compared to JPY 94,902 million a year ago. Basic earnings per share was JPY 243.06 compared to JPY 327.26 a year ago. Diluted earnings per share was JPY 243.06 compared to JPY 295.31 a year ago.

For the year, on non consolidated basis, the company reported net sales of JPY 758,858 million compared to JPY 750,436 million a year ago. Operating profit was JPY 37,020 million compared to JPY 52,787 million a year ago. Ordinary profit was JPY 77,622 million compared to JPY 51,518 million a year ago. Profit was JPY 49,716 million compared to JPY 28,346 million a year ago. Profit per basic share was JPY 180.92 compared to JPY 102.81 a year ago. Profit per diluted share was JPY 180.92 compared to JPY 93.38 a year ago.

For the year ending March 31, 2020, the company expects net sales to be JPY 868,000 million. Profit attributable to owners of parent to be JPY 64,000 million. Basic earnings per share to be JPY 232.90.

For the second quarter of year ending March 31, 2020, the company expects net sales to be JPY 430,000 million. Profit attributable to owners of parent to be JPY 31,000 million. Basic earnings per share to be JPY 112.81.