SUMITOMO CORPORATION For Immediate Release
(This is an English translation of the Japanese original.)
May 9, 2017
Sumitomo Corporation
Kuniharu Nakamura, President and Chief Executive Officer Code No: 8053 Tokyo Stock Exchange (TSE), 1st Section
Contact: Kenji Shinmori, Corporate Communications Dept.
Tel. +81-3-5166-3100
Notice Concerning Differences between Financial Results for the fiscal year ended March 31, 2017 and Forecasts for the fiscal year ended March 31, 2017Sumitomo Corporation today announced differences between its financial results for the fiscal year ended March 31, 2017 and forecasts for the fiscal year ended March 31, 2017 as announced on November 1st, 2016.
1．Differences between actual financial results for the fiscal year ended March 31, 2017 and forecasts for the fiscal year ended March 31, 2017.
Revenues※ | Profit before tax | Profit for the year attributable to owners of the parent | Earnings per share attributable to owners of the parent (basic) | |
Forecasts (A) | (millions of yen) － | (millions of yen) 180,000 | (millions of yen) 130,000 | (yen) 104.17 |
Currently announced performance (B) (fiscal year ended March 31, 2017) | 3,996,974 | 213,101 | 170,889 | 136.91 |
Difference (B-A) | － | 33,101 | 40,889 | 32.74 |
Difference (%) | － | 18.4% | 31.5% | 31.4% |
Results for the fiscal year ended March 31, 2016 (for reference) | 4,010,808 | 140,116 | 74,546 | 59.73 |
※The Company has not prepared forecast of Revenues.
2． Reasons for Differences
Both Profit before tax and Profit for the year attributable to owners of the parent had exceeded the previous forecasts due mainly to robust performance in mineral resources
business referred from increase in mineral resources prices and stable performance by core businesses of Media, ICT, Lifestyle Related Goods & Services Business Unit.
For more details of the results for the fiscal year ended March 31, 2017, please refer to the Consolidated annual results FY2016 which Sumitomo Corporation released today.
Sumitomo Corporation published this content on 09 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 May 2017 05:10:09 UTC.
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