SUMIDA: Investor News

Revision of Fiscal Year 2013 Consolidated Financial Results Forecast

February 10th 2014 Press Release

SUMIDA CORPORATION today revised the forecast of its consolidated financial results for FY2013 (january 1, 2013 to December 31, 2013) that had been previously announced on the occasion of release of the second quarter financial results on July 31, 2013.

  1. Revised Forecast of Consolidated Financial Results for FY2013

    in JPY millions
    Sales Operating Income Ordinary Income Net Income EPS
    Previously Announced Forecast (A) 63,700 1,300 800 △2,200 △94.78 yen
    Latest Forecast Announced Today (B) 63,893 1,698 1,107 △2,010 △91.49 yen
    Change (B) - (A) 193 398 307 190 -
    Change (%) 0.3% 30.6% 38.4% - -
    Fiscal 2012 Actual 51,300 1,754 1,148 725 37.78 yen
    (Note)
    In accordance with the revision of IAS19, some of our subsidiaries adopted the revised IAS19 in FY2013. This revision was also retroactively applied to the relevant major financial data of FY2012.

     

  2. Reasons for the Revision
    Both operating income and ordinary income were revised up for the following reasons.

    • Damages caused by the floods in central Europe were recovered earlier than expected.
    • Seasonal adjustments in 4Q (October-December) were smaller than usual
    • Measures making earnings less susceptible to foreign exchanges were implemented

    Consolidated financial results for FY2013 will be announced on February 12, 2014.

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