Sumitomo Metal Mining : Consolidated Financial Results for the Year Ended March 31, 2017

Consolidated Financial Results for the Year Ended March 31, 2017 [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

May 11, 2017

Contact: Tsuyoshi Nozawa, Deputy General Manager, PR & IR Dept. TEL: [phone] Scheduled Ordinary General Meeting of Shareholders: June 27, 2017

Scheduled Date to Start Dividend Payment: June 28, 2017 Scheduled Date to Submit Securities Report: June 27, 2017

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

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2016, to March 31, 2017)

2. Consolidated Operating Results

   (% figures show year-on-year change)

   Net sales	Operating income	Ordinary loss	Loss attributable to owners of parent
   Year ended March 31, 2017	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %
   	786,146 -8.1	76,390 27.9	(1,565) ―	(18,540) ―
   Year ended March 31, 2016	855,407 -7.2	59,720 -52.5	(12,764) ―	(309) ―

   (Note) Comprehensive income

   Year ended March 31, 2017: -¥27,997 million (―%); Year ended March 31, 2016: -¥65,035 million (―%)

   Loss per share (Basic)	Profit per share (Diluted)	Return on equity	Ordinary loss to total assets	Operating income to net sales
   Year ended March 31, 2017	Yen	Yen ― ―	%	%	%
   	(33.61)		-1.9	-0.1	9.7
   Year ended March 31, 2016	(0.56)		-0.0	-0.8	7.0

   (Reference) Equity in earnings (loss) of affiliates Year ended March 31, 2017: -¥85,972 million;

   Year ended March 31, 2016: -¥73,223 million

   (Note) Profit per share (diluted) is not disclosed as loss per share (basic) for the year ended March 31, 2016 and for the year ended March 31, 2017 were recorded even though there are potentially dilutive shares.

3. Consolidated Financial Position

   Total assets	Net assets	Equity ratio	Net assets per share
   As of March 31, 2017	Millions of yen	Millions of yen	%	Yen
   	1,685,018	1,024,121	57.1	1,743.46
   As of March 31, 2016	1,630,800	1,075,995	60.3	1,781.91

   (Reference) Shareholders' equity

   As of March 31, 2017: ¥961,690 million; As of March 31, 2016: ¥982,958 million

4. Consolidated Cash Flows

   Net cash provided by operating activities	Net cash used in investing activities	Net cash provided by (used in) financing activities	Cash and cash equivalents at end of period
   Year ended March 31, 2017 Year ended March 31, 2016	Millions of yen 43,796 119,704	Millions of yen (143,219) (92,876)	Millions of yen 70,392 (4,003)	Millions of yen 170,293 197,825

5. Dividends

   Dividend per share					Total dividend amount (Annual)	Dividend payout ratio (Consolidated)	Dividends to net assets (Consolidated)
   First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Year ended March 31, 2016	Yen	Yen	Yen	Yen	Yen	Millions of yen	% ― ―	%
   	―	21.00	―	10.00	31.00	17,101		1.7
   Year ended March 31, 2017	―	5.00	―	6.00	11.00	6,068		0.6
   Year ending March 31, 2018 (Forecast)	―	17.00	―	18.00	35.00	30.6

6. Forecast of Consolidated Operating Results for the Year Ending March 31, 2018 (From April 1, 2017, to March 31, 2018)

   (Percentages indicate changes from the previous fiscal year for full year and from the corresponding period of the previous year for second quarter)

   Net sales	Operating income	Ordinary income	Profit attributable to owners of parent	Profit per share
   Second quarter (cumulative)	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %	Yen
   	411,000 12.1	34,000 55.1	45,000 284.7	31,000 847.4	56.20
   Full year	855,000 8.8	75,000 -1.8	90,000 ―	63,000 ―	114.21

   Notes

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

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 March 31, 2017

    581,628,031 shares at March 31, 2016

15. Number of shares of treasury stock as of end of period 30,030,086 shares at March 31, 2017

    29,996,055 shares at March 31, 2016

16. Average number of shares during the period 551,618,704 shares for the year ended March 31, 2017 551,652,936 shares for the year ended March 31, 2016

17. (Note) Please refer to "5. Consolidated Financial Statements and Primary Notes, (5) Notes Relating to the Consolidated Financial Statements (Earnings per Share)" on page 43 for the number of shares used as the basis for calculating "Profit per share (consolidated)."

    (Reference) Summary of Non-Consolidated Financial Results

    Non-Consolidated Financial Results (From April 1, 2016, to March 31, 2017)

18. Non-Consolidated Operating Results

    (% figures show year-on-year change)

    Net sales	Operating income	Ordinary income	Profit (loss)
    Year ended March 31, 2017	Millions of yen %	Millions of yen %	Millions of yen %	Millions of yen %
    	626,177 -10.6	38,782 -20.8	47,322 -27.6	(188) ―
    Year ended March 31, 2016	700,317 -7.7	48,940 -36.7	65,348 -49.8	16,281 -71.8

    Profit (loss) per share (Basic)	Profit per share (Diluted)
    Year ended March 31, 2017 Year ended March 31, 2016	Yen (0.34) 29.51	Yen ― 26.99

19. Non-Consolidated Financial Position

Total assets	Net assets	Equity ratio	Net assets per share
As of March 31, 2017	Millions of yen	Millions of yen	%	Yen
	1,011,614	616,870	61.0	1,118.33
As of March 31, 2016	954,574	612,966	64.2	1,111.19

(Reference) Shareholders' equity

As of March 31, 2017: ¥616,870 million; As of March 31, 2016: ¥612,966 million

The consolidated financial results presented herein are not subject to auditing procedures. Explanation regarding appropriate use of operating results forecast and other special notes

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 Thursday, May 11, 2017.