SUMIDA: Investor News

Revision to the Consolidated Financial Results Forecasts for the Fiscal Year Ending December 31, 2014

October 30th 2014 Press Release

SUMIDA CORPORATION announces a revision to its consolidated financial results forecasts for FY 2014 (January 1, 2014 - December 31, 2014) which had been previously announced on February 12, 2014 on the occasion of release of the full year financial results for FY 2013 ending December 31, 2013.

  1. Revisions to the consolidated financial results forecasts for FY2014
    (January 1, 2014 – December 31, 2014)
    (Millions of Yen)
      Net Sales Operating Income Ordinary Income Net Income EPS
    Previous forecasts (A) 68,200 2,700 2,100 1,300 56.01 Yen
    Revised forecasts (B) 76,000 3,100 2,500 1,600 68.93 Yen
    Changes (B-A) 7,800 400 400 300 -
    Chnages (%) 11.4 14.8 19.0 23.1 -
    Reference:
    Actual results for FY2013
    63,893 1,698 1,107 (2,008) (91.41) Yen
     
  2. Reasons for Revisions
    Total net sales for FY2014 are expected to exceed the previous forecast due to a steady growth of industrial machinery and smartphone sales as well as strong automotive-related sales particularly in Europe and the U.S., with an additional help from yen’s depreciation. Profits for FY 2014 were also revised upward because profits for nine months period from January through September had already exceeded those of full FY2014 mainly due to the increased revenue. Foreign exchanges used for the revised forecasts are U.S. $1.00/¥104 and Euro1.00/¥137.

 

Forward-Looking Statements
The forward-looking statements are based largely on company expectations and information available as of the date hereof. Actual results could differ due to numerous factors, including without limitation market conditions, and the effect of industry competition.

Please click on the press release link above to view a pdf version of this item. 

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