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
3rd quarter of FY2011
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 FY2012
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)
3rd quarter of FY 2012
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.
3rd quarter of FY 2012
3rd quarter of FY 2011
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
SUMIDA CORPORATION (6817)CONSOLIDATED FINANCIAL STATEMENTS(1st Quarter of FY2012)
(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
(from Jan.1, 2011 to Sep. 30, 2011) (from Jan.1, 2012 to Sep. 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
SUMIDA CORPORATION (6817)CONSOLIDATED FINANCIAL STATEMENTS(1st Quarter of FY2012)
(3) Consolidated quarterly statements of cash flows
(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 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
SUMIDA CORPORATION (6817)CONSOLIDATED FINANCIAL STATEMENTS(1st Quarter of FY2012)
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