Sumitomo Seika Chemicals Company Limited Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017
February 02, 2017
Share
Sumitomo Seika Chemicals Company Limited reported consolidated earnings results for the nine months ended December 31, 2016. For the quarter, net sales were ¥72,237 million against ¥66,286 million a year ago. Operating income was ¥7,981 million against ¥6,097 million a year ago. Ordinary income was ¥7,465 million against ¥5,728 million a year ago. Net income attributable to owners of the parent was ¥4,764 million against ¥3,910 million a year ago. Net income per share for the term was ¥345.43 against ¥283.54 a year ago.
For the full year ending March 31, 2017, the company expects to report net sales of ¥94,000 million, operating income ¥9,000 million, ordinary income ¥7,500 million, shareholder return on equity for the term of 9.2% and net income attributable to owners of the parent ¥5,000 million or net income per share for the term of ¥362.58.
Sumitomo Seika Chemicals Company, Limited. is a Japan-based chemical company. The Company operates in three segments. The Chemical Product segment manufactures and sells industrial chemicals, medical products, functional products, water-soluble polymers and fine-grained polymers. The Water Absorbing Resin segment provides super water absorbing resins. The Gas and Engineering segment is engaged in the manufacture and sale of medical gas, chemical gas, standard gas, electronics gas and industrial chemicals, as well as the design, manufacture and sale of pressure swing absorption (PSA) of oxygen/nitrogen/hydrogen gas generators and general chemical engineering equipment, among others.
Sumitomo Seika Chemicals Company Limited Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017