SUMIDA: Investor News

Notice of Revision of FY2015 Financial Results Forecasts

July 30th 2015 Press Release

SUMIDA CORPORATION today revised the forecasts of its consolidated financial results for FY 2015 (January 1, 2015 to December 31, 2015) that had been previously announced on the occasion of release of the financial results for FY2014 on February 10, 2015.

  1. Revised forecasts of consolidated financial results for FY2015
    (millions of yen)
      Net Sales Operating
    Income
    Ordinary
    Income
    Net
    Income
    EPS
    Previously announced
    Forecast (A)
    83,630 2,700 2,000 1,000 43.08 yen
    Latest forecast
    announced today (B)
    88,000 4,400 3,720 2,200 94.78 yen
    Changes (B-A) 4,370 1,700 1,720 1,200 -
    % of changes 5.2% 63.0% 86.0% 120.0% -
    FY2014 results
    (For reference)
    77,563 3,345 2,799 1,346 58.01 yen
  2. Reasons for the revision of FY2015 forecasts
    Sales for automotive-related products, our primary business, have been strong in the first half of this year and are expected to be strong for the rest of the year. Also, sales for consumer electronics have been better than expected and this trend will continue throughout the year. For those reasons the previously announced sales forecasts have been revised upward. Due to the increased sales, profit forecasts have also been revised upward.

    Foreign exchange rates used for the revision are:
    1 USD = 123.00 JPY    1 Euro = 137.00 JPY

    The above-mentioned revised forecasts are based on currently available information and a
    certain number of rational assumptions and SUMIDA CORPORATION does not intend to
    promise to achieve them. The actual results may vary materially from the forecasts due to the various factors.

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