Sumitomo Metal Mining : Consolidated Financial Results for the Year Ended March 31, 2021

Consolidated Financial Results for the Year Ended March 31, 2021 [IFRS]
		May 10, 2021
Listed Company Name: Sumitomo Metal Mining Co., Ltd.
Code:	5713
Listings:	Tokyo Stock Exchange
URL:	https://www.smm.co.jp/
Representative:	Akira Nozaki, President and Representative Director
Contact:	Daiji Toyama, Manager, PR & IR Dept.	TEL: [phone]

Scheduled Ordinary General Meeting of Shareholders: June 25, 2021

Scheduled Date to Start Dividend Payment: June 28, 2021

Scheduled Date to Submit Securities Report: June 25, 2021

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, 2020, to March 31, 2021)

1. Consolidated Operating Results

										(% figures show year-on-year change)
	Net sales	Profit before tax	Profit		Profit attributable to		Total comprehensive
		owners of parent		income
	Millions of		%	Millions of		%	Millions of		%	Millions of		%		Millions of		%
Year ended	yen			yen			yen			yen				yen
926,122		8.7	123,379		56.1	98,709		62.5	94,604		56.1	129,949		376.7
March 31, 2021
Year ended	851,946		-	79,035		-11.6	60,752		-9.7	60,600		-9.3	27,259		-47.2
March 31, 2020
	Basic earnings per	Diluted earnings per	Return on equity	Profit before tax to
	share		share		total assets
			Yen			Yen			%			%
Year ended			344.29			344.29			8.9			6.8
March 31, 2021
Year ended			220.54			220.54			5.9			4.5
March 31, 2020

(Reference) Equity in earnings (loss) of affiliates Year ended March 31, 2021: ¥8,719 million; Year ended March 31, 2020: ¥6,178 million

(Note) Due to retrospective application in accordance with changes in accounting policies for non-free supplied materials, the figures for the fiscal year ended March 31, 2020 have been retrospectively applied and year-on-year change in net sales has been omitted.

(2) Consolidated Financial Position

			Equity attributable	Equity attributable	Equity attributable
	Total assets	Total equity	to owners of parent	to owners of parent
	to owners of parent
			ratio	per share
	Millions of yen	Millions of yen	Millions of yen	%	Yen
As of March 31,	1,885,999	1,222,983	1,113,923	59.1	4,053.94
2021
As of March 31,	1,719,690	1,110,860	1,001,946	58.3	3,646.34
2020

(3) Consolidated Cash Flows

	Net cash provided by	Net cash used in	Net cash provided by (used	Cash and cash equivalents
	operating activities	investing activities	in) financing activities	at end of period
	Millions of yen	Millions of yen	Millions of yen	Millions of yen
Year ended	91,522	(32,393)	(55,758)	158,373
March 31, 2021
Year ended	136,545	(70,334)	9,149	155,530
March 31, 2020

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2. Dividends

		Dividend per share				Dividend
						Total		payout ratio to
						Dividend	equity
						dividend
	First	Second	Third			payout ratio	attributable to
	Year-end	Total	amount
	quarter-end	quarter-end	quarter-end	(Consolidated)	owners of
			(Annual)
							parent
								(Consolidated)
Year ended	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
―	39.00	―	39.00	78.00	21,433	35.4	2.1
March 31, 2020
Year ended	―	22.00	―	99.00	121.00	33,248	35.1	3.1
March 31, 2021
Year ending	―	71.00	―	62.00	133.00		35.1
March 31, 2022
(Forecast)

3. Forecast of Consolidated Operating Results for the Year Ending March 31, 2022 (From April 1, 2021, to March 31, 2022)

								(% figures show year-on-year change)
	Net sales		Profit before tax	Profit		Profit attributable to	Basic earnings
			owners of parent	per share
	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Second quarter	522,000		24.5	73,000	182.0	61,000	252.7	56,000	220.5	203.80
(cumulative)
Full year	1,047,000		13.1	138,000	11.9	114,000	15.5	104,000	9.9	378.49

Notes

1. Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None
2. Changes in Accounting Policies or Estimates

1)	Changes in accounting policies required by IFRS:	None
2)	Changes in accounting policies other than item 1) above:	Yes
3)	Change in accounting estimates:	None

1. Number of Outstanding Shares (Common stock)
2. 1. Number of shares issued as of end of period (including treasury stock) 290,814,015 shares at March 31, 2021
      290,814,015 shares at March 31, 2020
   2. Number of shares of treasury stock as of end of period

16,038,719 shares at March 31, 2021

16,032,485 shares at March 31, 2020

1. Average number of shares during the period 274,778,995 shares for the year ended March 31, 2021 274,784,607 shares for the year ended March 31, 2020

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(Reference) Summary of Non-Consolidated Financial Results Non-Consolidated Financial Results (From April 1, 2020, to March 31, 2021)

(1) Non-Consolidated Operating Results

(% figures show year-on-year change)

		Net sales			Operating profit	Ordinary profit	Profit
		Millions of yen	%		Millions of yen	%	Millions of yen	%	Millions of yen	%
	Year ended	821,176	10.5	65,251	50.4	75,303	-31.8	53,702	-38.9
	March 31, 2021
	Year ended	743,418	-2.0	43,371	17.2	110,491	42.3	87,940	76.9
	March 31, 2020
		Profit			Profit
		per share (Basic)		per share (Diluted)
	Year ended		Yen			Yen
		195.44		195.44
	March 31, 2021
	Year ended		320.03		320.03
	March 31, 2020
(2) Non-Consolidated Financial Position
		Total assets		Net assets		Equity ratio		Net assets per share
		Millions	of yen		Millions of	yen		%		Yen
	As of March 31, 2021	1,300,541	804,929		61.9	2,929.41
	As of March 31, 2020	1,103,689	706,782		64.0	2,572.16

(Reference) Shareholders' equity

As of March 31, 2021: ¥804,929 million;

As of March 31, 2020: ¥706,782 million

The consolidated financial results presented herein are not subject to audits by certified public accountants or audit corporations.

(Supplementary Explanation Materials for Financial Results)

The Supplementary Explanation Materials will be posted on the Company's website on Monday, May 10, 2021.

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