Consolidated Financial Results for the Year Ended March 31, 2016 [PDF : 72.4 KB]

f3dce2d4-584b-4700-8113-6ec7df68c5d4.pdf Consolidated Financial Results for the Year Ended March 31, 2016 [J-GAAP]

May 12, 2016

Listed Company Name:	Sumitomo Metal Mining Co., Ltd.
Code:	5713
Listings:	Tokyo Stock Exchange
URL:	http://www.smm.co.jp/
Representative:	Yoshiaki Nakazato, President and Representative Director
Contact:	Tsuyoshi Nozawa, Deputy General Manager, PR & IR Dept.	TEL: [phone]
Scheduled Ordinary General Meeting of Shareholders: June 27, 2016
Scheduled Date to Start Dividend Payment: June 28, 2016
Scheduled Date to Submit Securities Report: June 27, 2016
Preparation of Supplementary Explanation Materials for Financial Results: Yes
Briefing on Account Settlement: Yes (for institutional investors)

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2015, to March 31, 2016)

2. Consolidated Operating Results

   (% figures show year-on-year change)

   Net sales		Operating income		Ordinary income (loss)		Profit (loss) attributable to owners of parent
   Year ended March 31, 2016	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
   	855,407	-7.2	59,720	-52.5	(12,764)	―	(309)	―
   Year ended March 31, 2015	921,334	10.9	125,779	66.8	174,226	52.4	91,113	13.5

   (Note) Comprehensive income

   Year ended March 31, 2016: -¥65,035 million (―%); Year ended March 31, 2015: ¥163,897 million (-14.4%)

   Profit (loss) per share (Basic)	Profit per share (Diluted)	Return on equity	Ordinary income (loss) to total assets	Operating income to net sales
   Year ended March 31, 2016	Yen	Yen	%	%	%
   	(0.56)	―	-0.0	-0.8	7.0
   Year ended March 31, 2015	165.11	149.44	9.3	10.5	13.7

   (Reference) Equity in earnings (loss) of affiliates Year ended March 31, 2016: -¥73,223 million;

   Year ended March 31, 2015: ¥23,943 million

   (Note) Profit per share (diluted) is not disclosed as loss per share (basic) for the year ended March 31, 2016 was recorded even though there are potentially dilutive shares.

3. Consolidated Financial Position

   Total assets	Net assets	Equity ratio	Net assets per share
   As of March 31, 2016	Millions of yen	Millions of yen	%	Yen
   	1,630,800	1,075,995	60.3	1,781.91
   As of March 31, 2015	1,740,246	1,158,945	60.4	1,905.50

   (Reference) Shareholders' equity

   As of March 31, 2016: ¥982,958 million; As of March 31, 2015: ¥1,051,224 million

4. Consolidated Cash Flows

   Net cash provided by operating activities	Net cash used in investing activities	Net cash used in financing activities	Cash and cash equivalents at end of period
   Year ended March 31, 2016	Millions of yen	Millions of yen	Millions of yen	Millions of yen
   	119,704	(92,876)	(4,003)	197,825
   Year ended March 31, 2015	120,003	(105,024)	(39,047)	177,720

5. Dividends

   Dividend per share					Total dividend amount (Annual)	Dividend payout ratio (Consolidated)	Dividends to net assets (Consolidated)
   First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
   Year ended March 31, 2015	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   	―	24.00	―	24.00	48.00	26,481	29.1	2.7
   Year ended March 31, 2016	―	21.00	―	10.00	31.00	17,101	―	1.7
   Year ending March 31, 2017 (Forecast)	―	5.00	―	8.00	13.00	31.2

6. Forecast of Consolidated Operating Results for the Year Ending March 31, 2017 (From April 1, 2016, to March 31, 2017)

   (Percentages indicate changes from the previous fiscal year for full year and from the corresponding period of the previous year for second quarter)

   Net sales		Operating income		Ordinary income		Profit attributable to owners of parent		Profit per share
   Second quarter (cumulative)	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
   	351,000	-23.6	16,000	-68.9	13,000	-79.9	1,000	-98.1	1.81
   Full year	733,000	-14.3	46,000	-23.0	41,000	―	23,000	―	41.69

   Notes

7. Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None

8. Changes in Accounting Policies or Estimates and Retrospective Restatements

9. Changes in accounting policies in accordance with revision of accounting standards: Yes

10. Changes in accounting policies other than item 1) above: None

11. Change in accounting estimates: None

12. Retrospective restatements: None

    (Note) For further details, please refer to "5. Consolidated Financial Statements, (5) Notes Relating to the Consolidated Financial Statements (Changes in Accounting Policies)" on page 24.

    1) Number of shares issued as of end of period (including treasury stock)

    581,628,031 shares at March 31, 2016

    581,628,031 shares at March 31, 2015

    2) Number of shares of treasury stock as of end of period

    29,996,055 shares at March 31, 2016

    29,948,647 shares at March 31, 2015

    3) Average number of shares during the period

    551,652,936 shares for the year ended March 31, 2016

    551,848,181 shares for the year ended March 31, 2015

13. Number of Outstanding Shares (Common stock)

14. (Note) Please refer to "5. Consolidated Financial Statements, (5) Notes Relating to the Consolidated Financial Statements (Earnings per Share)" on page 43 for the number of shares used as the basis for calculating "Profit per share (consolidated)."

    (Reference) Summary of Non-Consolidated Financial Results

    Non-Consolidated Financial Results (From April 1, 2015, to March 31, 2016)

15. Non-Consolidated Operating Results

    (% figures show year-on-year change)

    Net sales		Operating income		Ordinary income		Profit
    Year ended March 31, 2016	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
    	700,317	-7.7	48,940	-36.7	65,348	-49.8	16,281	-71.8
    Year ended March 31, 2015	758,771	12.8	77,357	97.4	130,237	71.3	57,665	-2.8

    Profit per share (Basic)	Profit per share (Diluted)
    Year ended March 31, 2016	Yen	Yen
    	29.51	26.99
    Year ended March 31, 2015	104.49	94.81

16. Non-Consolidated Financial Position

Total assets	Net assets	Equity ratio	Net assets per share
As of March 31, 2016	Millions of yen	Millions of yen	%	Yen
	954,574	612,966	64.2	1,111.19
As of March 31, 2015	1,009,553	646,345	64.0	1,171.60

(Reference) Shareholders' equity

As of March 31, 2016: ¥612,966 million; As of March 31, 2015: ¥646,345 million

Auditing procedure

The consolidated financial results presented herein are not subject to the auditing procedure specified by the Financial Instruments and Exchange Act. The auditing procedure for consolidated financial statements specified by the Financial Instruments and Exchange Act has not been completed at the time of the disclosure of these financial results.

Explanation regarding appropriate use of operating results forecast and other special notes

The forward-looking statements, including business results forecast, contained in these materials are based on information available to the Company and on certain assumptions deemed to be reasonable as of the date of release of this document and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors.

(Supplementary Explanation Materials for Financial Results)

The Supplementary Explanation Materials will be posted on the Company's website on Thursday, May 12, 2016.