Sumitomo Metal Mining Co., Ltd. announced consolidated and unconsolidated earnings results for the year ended March 31, 2018. For the full year, on consolidated basis, reported net sales were ¥933,517 million against ¥786,146 million a year ago. Operating income was ¥110,203 million against ¥76,390 million a year ago. Ordinary profit was ¥124,853 million against ordinary loss of ¥1,565 million a year ago. Net profit attributable to owners of parent company was ¥91,648 million against net loss attributable to owners of parent company of ¥18,540 million a year ago. Basic net profit per share was ¥332.42 against basic net loss per share of ¥67.22 a year ago. Return on equity was 9.2% compared to negative return on equity of 1.9% a year ago. Net cash provided by operating activities was ¥79,405 million against ¥43,796 million a year ago. For the year the company announced total capital expenditures of ¥74.6 billion.

For the full year, on non-consolidated basis, reported net sales of ¥750,436 million against ¥626,177 million a year ago. Operating income was ¥52,787 million against ¥38,782 million a year ago. Ordinary profit was ¥51,518 million against ¥47,322 million a year ago. Profit was ¥28,346 million against loss of ¥188 million a year ago. Basic profit per share was ¥102.81 against basic loss per share of ¥0.68 a year ago.

The company announced dividend for the year ended March 31, 2018. For the year, the company announced dividend of ¥66.00 per share compared to ¥6.00 per share paid last year same period. The dividend is payable on June 27, 2018.

For the second quarter of fiscal 2019, the company expects to pay dividend of ¥51.00 per share compared to ¥17.00 per share paid last year same period.

For the year ending March 31, 2019, the company expects to pay dividend of ¥52.00 per share compared to ¥66.00 per share paid last year same period.

The company forecast earnings guidance for the six months and full year of the fiscal year ending March 31, 2019. For the six months, the company forecasts net sales of ¥465,000 million, profit before tax of ¥61,000 million, profit attributable to owners of parent of ¥47,000 million or ¥171.04 per share and capital expenditures of ¥30.1 billion.

For the full year ending March 31, 2018, the company forecasts net sales of ¥930,000 million, profit before tax of ¥121,000 million, profit attributable to owners of parent of ¥94,000 million or ¥342.07 per share and capital expenditures of ¥63.0 billion.

The company provides capital expenditures guidance second half of fiscal year 2018. For the second half the company forecast capital expenditures of ¥32.9 billion.