SUMIDA: Investor News

Notice on the Variation of the Consolidated Financial Results from Forecast and the Variation of the Non-consolidated Financial Results from the Previous Year

February 13th 2018 Press Release

The consolidated financial results of SUMIDA CORPORATION for FY2017 ending December 31, 2017 have been announced today. Variations from the forecast disclosed on February 6, 2017 with FY2016 consolidated financial results are shown below.
Variances between FY2017 and FY2016 stand-alone financial results of SUMIDA CORPORATION are also shown below.

  1. Variances between forecast and actual consolidated financial results for FY2017 ending December 31, 2017 
      Sales Operating
    Profit
    Income
    Before
    Taxes
    Net Income
    Attributable to 
    Owners of Parent
    EPS
    Forecast (A) made
    on February 6, 2017
    86,700 5,900 5,100 3,300 123.55
    Actual (B) 90,153 6,217 5,697 4,504 176.41
    Change (B) - (A) 3,453 317 597 1,204  
    Change % (B / A) +4.0 +5.4 +11.7 +36.5  
    (ref.) Previous Year's
    Actual (FY2016)
    81,052 6,270 5,469 3,666 157.97
    (Note) As SUMIDA CORPORATION voluntarily adopted IFRS starting on January 1, 2017, figures for FY2016 were converted based on IFRS for comparison. 
  2. Reasons for Variance
    Net income attributable to SUMIDA CORPORATION increased by 1,204 million yen as deferred tax assets at overseas subsidiaries increased.  
  3. Variances between FY2017 and FY2016 actual financial results of SUMIDA CORPORATION on stand-alone basis 
      Revenue Operating
    Profit
    Ordinary
    Income

    Net
    Income

    EPS
    FY2016 Actual (A) 1,524 686 589 1,120 48.27
    FY2017 Actual (B) 2,088 1,196 1,103 1,018 39.89
    Change (B - A) 563 510 513 △101  
    Change % (B/A) +37.0 +74.4 +87.1 △9.1  
  4. Reasons for Variance
    Revenue as well as income increased as dividend payments from subsidiaries increased.

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