SUMIDA: Investor News

Notice of Posting Extraordinary Profit and Loss

October 30th 2014 Press Release

SUMIDA CORPORATION announces extraordinary profit and loss posted in the consolidated financial results for nine months period from January 1, 2014 to September 30, 2014.  

  1. Extraordinary Profit
    The following extraordinary profits were posted in the consolidated financial results for nine months period of FY2014 (January-September)
      Millions of Yen
    Insurance money received to cover the damages
    incurred by the floods in Germany in June, 2013
    375
    In accordance with IFRS, reversal of impairment loss accrued
    in FY2013 for the buildings owned by German subsidiaries
    137
    Others 28
    TOTAL: 540
  2. Extraordinary Loss
    The following extraordinary losses were posted in the consolidated financial results for nine months period of FY2014 (January-September)
      Millions of Yen
    Loss suffered from the floods’ damages in June, 2013 257
    Additional payment of social welfare expenses in China 228
    Others 36
    TOTAL: 523
  3. Future Effect
    The above-mentioned extraordinary profit and loss have no material effects on the consolidated financial results of FY2014 ending December 31, 2014. A separate Press Release “Revision to the Consolidated Financial Results Forecasts for the Fiscal Year Ending December 31, 2014” was announced today.

Reference:
Forecast of the consolidated financial results of FY2014 ending December 31, 2014 made on October 30, 2014 and the actual consolidated financial results for FY2013 ending December 31, 2013.

  Net Sales Operating Income Ordinary Income Net Income
Forecast for FY2014 76,000 3,100 2,500 1,600
Actual for FY2013 63,893 1,698 1,107 (2,008)

 

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

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