sumitomo heavy industries (6302) Snapshot

Sumitomo Heavy Industries, Ltd. reported consolidated earnings results for the year ended March 31, 2013. For the year, the company reported net sales of JPY 585,871 million compared to JPY 624,100 million a year ago. Operating income was JPY 31,288 million compared to JPY 47,135 million a year ago. Ordinary income was JPY 30,997 million compared to JPY 44,619 million a year ago. Net income was JPY 5,865 million compared to JPY 19,492 million a year ago. Net income per share was JPY 9.56 compared to JPY 31.75 a year ago. Return on equity was 2.1% compared to 7.1% a year ago. Return on assets was 4.6% compared to 6.8% a year ago. Cash flows from operating activities were JPY 2,660 million compared to JPY 23,309 million a year ago. The main factors behind this were the decreases to net income before tax and other adjustments, as well as the balance of accounts payable, exceeding any increases in the balance of trade receivables and inventory assets. Income before income taxes was JPY 10,764 million compared to JPY 38,195 million a year ago. Acquisition costs associated with fixed assets was JPY 22,052 million compared to JPY 24,227 million a year ago. The company provided earnings guidance for the six months ending September 30, 2013 and year ending March 31, 2014. For the six months ending September 30, 2013, the company expects net sales of JPY 275,000 million, operating income of JPY 7,000 million, ordinary income of JPY 6,000 million and net income of JPY 2,000 million or projected net income per share of JPY 3.26. For the year ending March 31, 2014, the company expects net sales of JPY 600,000 million, operating income of JPY 30,000 million, ordinary income of JPY 26,000 million and net income of JPY 14,000 million or projected net income per share of JPY 22.81. The company declared a year end dividend of JPY 4.00 per share for the year ended March 31, 2013 compared to JPY 6.00 per share a year ago. This dividend will be payable on June 28, 2013. The company provided dividend guidance for the year ending March 31, 2014. For the six months of fiscal 2014, the company expects to pay a dividend of JPY 3.00 per share compared to JPY 4.00 per share a year ago. For the year ending March 31, 2014, the company expects to pay a year end dividend of JPY 3.00 per share compared to JPY 4.00 per share a year ago.

Sumitomo Heavy Industries, Ltd. announced that they will report fiscal year 2013 results on May 08, 2013

Sumitomo Heavy Industries, Ltd. Presents at Daiwa Investment Conference Tokyo 2013, Mar-04-2013 . Venue: The Prince Park Tower Tokyo, Tokyo, Japan.