Sumitomo Metal Mining : Consolidated Financial Results (for the Third Quarter Ended December 31, 2016)

Consolidated Financial Results for the Third Quarter Ended December 31, 2016 [J-GAAP]

Listed Company Name: Sumitomo Metal Mining Co., Ltd. Code: 5713

Listings: Tokyo Stock Exchange

URL: http://www.smm.co.jp/

Representative: Yoshiaki Nakazato, President and Representative Director

February 7, 2017

Contact: Tsuyoshi Nozawa, Deputy General Manager, PR & IR Dept. TEL: [phone] Scheduled Date to Submit Quarterly Report: February 14, 2017

Scheduled Date to Start Dividend Payment: ―

Preparation of Supplementary Explanation Materials for Quarterly Financial Results: Yes Briefing on Quarterly Settlement: Yes (for institutional investors)

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2016, to December 31, 2016)

2. Consolidated Operating Results

   (% figures show year-on-year change)

   Net sales	Operating income	Ordinary income	Profit attributable to owners of parent
   Nine months ended December 31, 2016	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %
   	564,460 -14.6	47,998 -19.4	(25,478) ―	(32,829) ―
   Nine months ended December 31, 2015	660,832 -3.0	59,530 -36.5	2,352 -98.3	10,719 -88.8

   (Note) Comprehensive income

   Nine months ended December 31, 2016: -¥108,518 million (―%); Nine months ended December 31, 2015: -¥25,002 million (―%)

   Profit per share (Basic)	Profit per share (Diluted)
   Nine months ended December 31, 2016 Nine months ended December 31, 2015	Yen (59.51) 19.43	Yen ― 17.94

   (Note) Profit per share (diluted) is not disclosed as loss per share (basic) for the nine months ended December 31, 2016 was recorded even though there are potentially dilutive shares.

3. Consolidated Financial Position

   Total assets	Net assets	Equity ratio
   As of December 31, 2016	Millions of yen	Millions of yen	%
   	1,617,409	954,895	54.8
   As of March 31, 2016	1,630,800	1,075,995	60.3

   (Reference) Shareholders' equity

   As of December 31, 2016: ¥885,545 million; As of March 31, 2016: ¥982,958 million

4. Dividends

   Dividend per share
   First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Year ended March 31, 2016	Yen	Yen	Yen	Yen	Yen
   	―	21.00	―	10.00	31.00
   Year ending March 31, 2017	―	5.00	―
   Year ending March 31, 2017 (Forecast)	6.00	11.00

   (Note) Revision of dividend forecast that has been disclosed lastly: No

5. Forecast of Consolidated Operating Results for the Year Ending March 31, 2017 (From April 1, 2016, to March 31, 2017)

   (% figures show year-on-year change)

   Net sales	Operating income	Ordinary income	Profit attributable to owners of parent	Profit per share
   Full year	Millions of yen % 775,000 -9.4	Millions of yen % 76,000 27.3	Millions of yen % 1,000 -	Millions of yen % (15,000) -	Yen (27.19)

   (Note) Revision of operating results forecast that has been disclosed lastly: Yes

   Notes

6. Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None

7. Application of Accounting Procedures Specific to Quarterly Consolidated Financial Statements: Yes (Note) For further details, please refer to "2. Summary Information (Notes)" on page 4.

8. Changes in Accounting Policies or Estimates and Retrospective Restatements

9. Changes in accounting policies in accordance with revision of accounting standards: None

10. Changes in accounting policies other than item 1) above: None

11. Change in accounting estimates: None

12. Retrospective restatements: None

13. Number of Outstanding Shares (Common stock)

14. Number of shares issued as of end of period (including treasury stock) 581,628,031 shares at December 31, 2016

    581,628,031 shares at March 31, 2016

15. Number of shares of treasury stock as of end of period 30,016,165 shares at December 31, 2016

    29,996,055 shares at March 31, 2016

16. Average number of shares during the period

17. 551,624,034 shares for nine months ended December 31, 2016

    551,658,593 shares for nine months ended December 31, 2015

    Presentation regarding status of quarterly review procedure

    The consolidated financial results presented herein are not subject to the quarterly review procedure specified by the Financial Instruments and Exchange Act. The review procedure for quarterly consolidated financial statements specified by the Financial Instruments and Exchange Act has not been completed at the time of the disclosure of these financial results.

    Explanation regarding appropriate use of operating results forecast and other special notes

    The forecast of consolidated operating results for the year ending March 31, 2017, disclosed on November 11, 2016, has been revised in this report. The forward-looking statements, including business results forecast, contained in these materials are based on information available to the Company and on certain assumptions deemed to be reasonable as of the date of release of this document and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors.

    (Supplementary Explanation Materials for Financial Results)

    The Supplementary Explanation Materials will be posted on the Company's website on Tuesday, February 7, 2017.