consolidated financial statements - sumida · pdf filesumida corporation (6817)consolidated...

Note:

Reference:

Note: Whether the dividend forecast under review has been revised: No

Note: Whether the forecasts for consolidated figures under review have been revised: No

Comprehensive income at September, 2012: 697 millions of yen - %

Comprehensive income at September, 2011: (637) millions of yen - %

Yen Yen

20.00

-

20.00

Yen Yen

5.00

AnnualEnd of second

quarter

End of third

quarter

End of fourth

quarter

-

5.00

End of first

quarter

FY ended Dec.2012 (forecast) - - -

FY ended Dec.2012 5.00 5.00

15.8

14.1

371.87

348.92

millions of yen

millions of yen

3rd quarter of FY2012


As of September 30, 2012

As of Dec. 31, 2011

45,362

47,497

7,713

7,186

Shareholders' equity at September 30, 2012:

Shareholders' equity at December 31, 2011:

Millions of yen Millions of yen

6,703

7,144

2. Dividends

Dividend per share

% Yen

FY ended Dec.2011 7.00 7.00 6.00 0.00

Yen

Net assets per share


3rd quarter of FY2011 (61.4)

Total assets Net assets Equity ratio

Net income per share (Fully diluted)

Ordinary income Net income

(Percentages represent changes compared with the same period of the previous fiscal year.)

Net sales

Net income per share (Basic)

Operating income

38,942 (4.7) 1,332 (26.4)

Yen Yen

31.55 -

781 (39.4) 606

36.06 -

40,845 0.0 1,809 (42.8) 1,290

(Amounts of less than one million yen are omitted.)

(1) Consolidated Operating Results (cumulative)

% Millions of yen %Millions of yen % Millions of yenMillions of yen %

(41.1) 692

Phone: +81-(0) 3-3272-7100

Supplementary Materials Prepared for the Financial Statements: Yes

Presentation Held to Explain the quarterly Financial Statements : Yes (for institutional investors and analysts)

Date on which Dividend Payments to Commence: November 29, 2012

Date of Submission of quarterly Marketable Securities Filings: November 9, 2012

(12.5)

1. Consolidated Operating Results for the 3rd quarter of FY 2012 (January 1, 2012–September 30, 2012)

6817

(URL http://www.sumida.com)

Representative:

Contact:

Shigeyuki Yawata, CEO

Yoshiyuki Honda, CFO

Millions of yen %change

CONSOLIDATED FINANCIAL STATEMENTS(for the third quarter of fiscal year 2012)

October 30, 2012

Name of Company:

Stock Listing:

Security Code No.:

SUMIDA CORPORATION

Tokyo

Net sales Operating income Ordinary income Net income Net income per share

Millions of yen %change Millions of yen %change Millions of yen %change yen

52,100 (1.2) 665 33.9

(2) Consolidated Financial Condition

3. Forecast of Consolidated Results for FY 2012 (January 1, 2012–December 31, 2012)

( % change figures for net sales, operating income, ordinary income and net income is presented in comparison with the same period of the previous fiscal year.)

1,900 (10.0) 1,224 (5.4) 34.61Fully year of FY2012

Newly added: ― Excluded: ―

Note:

Note:

(c) Changes in accounting estimates: None

Changes in accounting principles, changes in accounting estimates, and restatements

(b) Changes in accounting principles other than those in (a) above: None

Changes in the state of material subsidiaries during the period (changes regarding specific subsidiaries attendant with change in scope of

consolidation): None

(1)

(3)

(4) Number of shares issued (common shares)

(2)

(d) Restatements: None

(a) Changes in accounting principles accompanying revisions in accounting standards: None

Application of special accounting method for preparation of the quarterly consolidated financial statements: Yes

4. Others

(b) Number of treasury stock at the end of the period

(a) Number of shares issued at the end of the period (including treasury stock)

3rd quarter of FY 2012

FY 2011

19,944,317 shares

19,944,317 shares

(c) Average number of shares issued during the period (three months)


FY 2011

732,347 shares

732,085 shares

At the time of disclosure of these quarterly consolidated financial statements, review procedures were in progress for the

quarterly financial statements based on the Financial Instruments and Exchange Act.

19,212,040 shares

19,212,343 shares

Portions of this report that refer to performance forecasts or any other future events are believed to be reasonable under

information available at the time of the forecasts. Actual financial results may materially differ from these forecasts due to

potential risks and uncertainties.



Items related to the status of the implementation of quarterly reviews

Explanation of the appropriate use of performance forecasts and other related items

SUMIDA CORPORATION (6817)CONSOLIDATED FINANCIAL STATEMENTS(1st Quarter of FY2012)

Consolidated Financial Statements

(1) Consolidated quarterly balance sheets

(Millions of yen)

As of December 31, 2011 As of September 30, 2012

Assets

Current assets

Cash and deposits 6,912 3,460

Notes and accounts receivable-trade 9,580 10,722

Merchandise and finished goods 4,255 3,458

Work in process 862 981

Raw materials and supplies 2,909 2,958

Income taxes receivable 304 163

Other 1,700 2,133

Allowance for doubtful accounts (43) (60)

Total current assets 26,481 23,818

Noncurrent assets

Property, plant and equipment

Buildings and structures 9,495 9,299

Machinery, equipment and vehicles 22,790 24,120

Tools, furniture and fixtures 3,696 3,776

Land 1,275 1,275

Lease assets 851 850

Construction in progress 674 903

Accumulated depreciation (25,878) (26,762)

Total property, plant and equipment 12,905 13,462

Intangible assets

Goodwill 2,447 2,262

Other 887 683

Total intangible assets 3,335 2,945

Investments and other assets 4,711 5,008

Total noncurrent assets 20,952 21,416

Deferred assets 63 127

Total assets 47,497 45,362


(Millions of yen)

As of December 31, 2011 As of September 30, 2012

Liabilities

Current liabilities

Notes and accounts payable-trade 3,397 3,551

Short-term loans payable 20,824 12,002

Income taxes payable 180 240

Other 6,211 6,437

Total current liabilities 30,613 22,233

Noncurrent liabilities

Bonds payable 1,050 5,650

Long-term loans payable 6,357 7,730

Provision for retirement benefits 716 712

Other 1,572 1,322

Total noncurrent liabilities 9,697 15,415

Total liabilities 40,310 37,648

Net assets

Shareholders' equity

Capital stock 7,216 7,216

Capital surplus 7,029 7,029

Retained earnings 6,871 7,285

Treasury stock (1,524) (1,524)

Total shareholders' equity 19,593 20,007

Accumulated other comprehensive income

Valuation difference on available-for-sale securities 23 23

Foreign currency translation adjustment (12,914) (12,886)

Total accumulated other comprehensive income (12,890) (12,863)

Minority interests 483 568

Total net assets 7,186 7,713

Total liabilities and net assets 47,497 45,362

(Millions of yen)

Nine months Ended September 30, 2011 Nine months Ended September 30, 2012

(from Jan.1, 2011 to Sep. 30, 2011) (from Jan.1, 2012 to Sep. 30, 2012)

Net sales 40,845 38,942

Cost of sales 32,875 31,554

Gross profit 7,970 7,388

Selling, general and administrative expenses

Freightage and packing expenses 466 448

Employees' salaries and allowances 2,166 2,228

Depreciation 207 185

Research and development expenses 833 862

Other 2,486 2,329

Total selling, general and administrative expenses 6,160 6,055

Operating income 1,809 1,332

Non-operating income

Interest income 29 16

Dividends income 61 1

Gain on valuation of derivatives 34 －

Other 43 33

Total non-operating income 168 51

Non-operating expenses

Interest expenses 413 465

Foreign exchange losses 170 14

Loss on valuation of derivatives － 16

Other 103 105

Total non-operating expenses 687 602

Ordinary income 1,208 781

Extraordinary income

Gain on sales of noncurrent assets 31 219

Reversal of impairment loss 74 －

Insurance income － 258

Other 2 3

Total extraordinary income 108 481

Extraordinary loss

Loss on sales and retirement of noncurrent assets 11 30

Business structure improvement expenses 171 102

Directors' severance pay － 315

Loss on disaster 51 130

Other 13 46

Total extraordinary losses 248 625

Income before income taxes and minority interests 1,149 637

Income taxes 418 (32)

Income before minority interests 731 670

Minority interests in income 39 64

Net income 692 606

(2) Consolidated quarterly statements of (comprehensive) income

(Millions of yen)

nine months Ended September 30, 2011 nine months Ended September 30, 2012


Consolidated quarterly statements of comprehensive income

Income before minority interests 731 670

Other comprehensive income

Valuation difference on available-for-sale securities (7) (0)

Deferred gains or losses on hedges

Foreign currency translation adjustment (1,362) 27

Total other comprehensive income (1,369) 26

Comprehensive income (637) 697

Comprehensive income attributable to

Comprehensive income attributable to owners of the parent (676) 633

Comprehensive income attributable to minority interests 39 64

Consolidated quarterly statements of comprehensive income


(3) Consolidated quarterly statements of cash flows

(Millions of yen)

nine months Ended September 30, 2011 nine months Ended September 30, 2012


Net cash provided by (used in) operating activities

Income before income taxes and minority interests 1,149 637

Depreciation and amortization 1,644 1,730

Amortization of goodwill 224 204

Interest and dividends income (90) (18)

Interest expenses 413 465

Foreign exchange losses (gains) (0) (0)

Loss (gain) on sales of investment securities (0) －

Business structure improvement expenses 171 102

Loss (gain) on valuation of derivatives (34) 16

Reversal of impairment loss (74) －

Decrease (increase) in notes and accounts receivable-trade (1,088) (1,160)

Decrease (increase) in inventories (749) 626

Increase (decrease) in notes and accounts payable-trade (279) 161

Other, net (106) (453)

Subtotal 1,180 2,312

Interest and dividends income received 90 18

Interest expenses paid (411) (444)

Income taxes (paid) refund (345) (85)

Net cash provided by (used in) operating activities 514 1,800

Net cash provided by (used in) investing activities

Proceeds from withdrawal of time deposits 94 42

Payments into time deposits (16) (12)

Purchase of property, plant and equipment (1,911) (2,289)

Proceeds from sales of property, plant and equipment 226 477

Proceeds from sales of investment securities 21 0

Purchase of stocks of subsidiaries and affiliates (113) (5)

Collection of loans receivable 1 0

Other, net (183) (166)

Net cash provided by (used in) investing activities (1,882) (1,953)

Net increase (decrease) in short-term loans payable 800 (8,839)

Proceeds from long-term loans payable 5,000 3,300

Repayment of long-term loans payable (1,721) (2,112)

Proceeds from issuance of bonds - 5,600

Redemption of bonds (1,955) (1,065)

Cash dividends paid (460) (192)

Other, net (46) (30)

Net cash provided by (used in) financing activities 1,617 (3,340)

Effect of exchange rate change on cash and cash equivalents (373) 52

Net increase (decrease) in cash and cash equivalents (123) (3,440)

Cash and cash equivalents at beginning of period 7,275 6,851

Cash and cash equivalents at end of period 7,152 3,411


Operating income 1,332

Segment profit 3,042

Eliminations (1,709)

Operating income Amount

(Millions of yen)

Segment profit 1,966 1,075 3,042

Total 26,335 14,009 40,344

(2）Inter-segment sales or transfers 549 852 1,401

(1)Sales to third parties 25,785 13,156 38,942

Sales

(Millions of yen) Millions of yen Millions of yen

Asia Pacific EU Total

Operating income 1,809

Segment profit 3,422

Eliminations (1,612)

Operating income Amount

(Millions of yen)

Segment profit 2,105 1,316 3,422

Total 26,584 15,784 42,368

(2）Inter-segment sales or transfers 660 862 1,523

(1)Sales to third parties 25,923 14,921 40,845

Millions of yen

Sales

For the third quarter ended September 30, 2012 (Jan. 1, 2012 - Sep. 30, 2012)

Segment information

For the first third ended September30, 2011 (Jan. 1, 2011 - Sep. 30, 2011)

Asia Pacific EU Total

(Millions of yen) Millions of yen

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