Suminoe Textile Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended November 2012; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2013; Announces to Pay Interim Dividend and Plans to Pay Dividend for the Fiscal Year Ending May 31, 2013
January 10, 2013
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Suminoe Textile Co. Ltd. reported consolidated earnings results for the six months ended November 2012. For the period, the company's net sales were ¥39,164 million against ¥36,223 million a year ago. Operating income was ¥924 million against ¥172 million a year ago. Net income was ¥625 million or ¥8.28 per share against loss of ¥157 million or ¥2.09 per share a year ago.
For the fiscal year ending May 31, 2013, the company expects net sales to be ¥81,000 million, operating income to be ¥2,000 million and net income to be ¥1,500 million or ¥8.28 per share against loss of ¥157 million or ¥2.09 per share a year ago.
The company based on this basic policy, the company will pay an interim dividend of ¥2.50 per share. The company also plans to pay a year-end dividend of ¥2.50 per share.
Suminoe Textile Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of interior products, automobile interior materials and functional materials. The Company operates through three business segments. The Interior segment is engaged in the manufacture, sale and decoration of carpets, curtains, wallpaper, various flooring materials, among others. The Automobile and Vehicle Interior segment is engaged in the manufacture and sale of interior materials such as automobiles, buses, railway vehicles and aircraft. The Functional Material segment is engaged in the manufacture and sale of hot carpets and deodorant-related products. In addition, the Company is also engaged in test contracting business.
Suminoe Textile Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended November 2012; Provides Earnings Guidance for the Fiscal Year Ending May 31, 2013; Announces to Pay Interim Dividend and Plans to Pay Dividend for the Fiscal Year Ending May 31, 2013
SUMINOE TEXTILE CO., LTD. 
