SUMIDA: Investor News

Consolidated Financial Results for the 3rd Quarter (Ended 30th September, 2007)

November 1st 2007

3rd Quarter, Fiscal Year 2007

Sales of the Third Quarter of 2007 climbed 7.8% year-on-year to ¥17,885 million due to the stable expansion in Power Solution and Signal and double-digit growth in Automotive and Other Companies and Vogt Business despite the decline in Inverter.

Operating income grew 6.1% year-on-year to ¥1,439 million derived from the increased revenue in Automotive and Other Companies leading to improved profitability in Coil Business, although VOGT Component Company was under restructure and VOGT EMS Company recorded a decline in sales.

Ordinary income reduced 35% year-on-year to ¥1,023 million in response to the rising interest payables and exchange loss despite decreased investment loss from the equity-method. Net income dropped only 5.6% year-on-year to ¥872 million, which was explained by the gain from disposal of the headquarters building and other profit from securities sales despite the extraordinary loss from the restructuring costs at VOGT, Panta and Mexico in addition to impairment loss in investment of securities in Arima.

Links to Related Information:
Q3 Consolidated Financial Statements
Q3 Presentation Slides for Analyst Meeting

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