Sumitomo Metal Mining Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 564,460 million compared to JPY 660,832 million a year ago. Operating income was JPY 47,998 million compared to JPY 59,530 million a year ago. Ordinary loss was JPY 25,478 million compared to ordinary income of JPY 2,352 million a year ago. Loss attributable to owners of parent was JPY 32,829 million or JPY 59.51 per basic share compared to profit attributable to owners of parent of JPY 10,719 million or JPY 17.94 per diluted share a year ago.

For the full year ending March 31, 2017, the company now expects net sales of JPY 775,000 million, operating income of JPY 76,000 million, ordinary income of JPY 1,000 million, loss attributable to owners of parent of JPY 15,000 million or JPY 27.19 per share against previously expected of net sales of JPY 714,000 million, operating income of JPY 48,000 million, ordinary income of JPY 33,000 million, profit attributable to owners of parent of JPY 19,000 million or JPY 34.44 per share.

For the year ending March 31, 2017, the company expects year-end dividend of JPY 6.00 per share compared to JPY 10.00 per share paid a year ago.