Sumitomo Metal Mining : Consolidated Financial Results for the Year Ended March 31, 2014

Consolidated Financial Results for the Year Ended March 31, 2014 [J-GAAP]

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

May 9, 2014

Contact: Kunihiko Miyamoto, Deputy General Manager, PR & IR Dept. TEL: [phone]
Scheduled Ordinary General Meeting of Shareholders: June 23, 2014
Scheduled Date to Start Dividend Payment: June 24, 2014
Scheduled Date to Submit Securities Report: June 23, 2014
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, 2013, to March 31, 2014)

(1) Consolidated Operating Results

(% figures show year-on-year change)

	Net sales	Operating income	Ordinary income	Net income
Year ended March 31, 2014 Year ended March 31, 2013	Millions of yen % 830,546 2.7 808,540 -4.6	Millions of yen % 75,418 -21.3 95,785 8.1	Millions of yen % 114,352 -0.6 115,034 5.7	Millions of yen % 80,258 -7.4 86,640 32.7

(Note) Comprehensive income

Year ended March 31, 2014: ¥191,370 million (31.6%); Year ended March 31, 2013: ¥145,467 million (207.8%)

	Net income per share (Basic)	Net income per share (Diluted)	Return on equity	Ordinary income to total assets	Operating income to net sales
Year ended March 31, 2014 Year ended March 31, 2013	Yen 145.35 155.58	Yen 129.71 142.40	% 9.5 12.1	% 7.8 9.2	% 9.1 11.8

(Reference) Equity in earnings (loss) of affiliates

Year ended March 31, 2014: ¥29,770 million; Year ended March 31, 2013: ¥17,100 million

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
As of March 31, 2014 As of March 31, 2013	Millions of yen 1,572,367 1,351,153	Millions of yen 1,019,053 844,547	% 58.1 56.9	Yen 1,653.83 1,393.02

(Reference) Shareholders' equity

As of March 31, 2014: ¥913,171 million; As of March 31, 2013: ¥769,250 million

(3) Consolidated Cash Flows

	Net cash provided by operating activities	Net cash used in investing activities	Net cash provided by financing activities	Cash and cash equivalents at end of period
Year ended March 31, 2014 Year ended March 31, 2013	Millions of yen 80,014 114,665	Millions of yen (126,937) (88,745)	Millions of yen 81 21,549	Millions of yen 202,583 239,691

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2. 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	Total dividend amount (Annual)	Dividend payout ratio (Consolidated)	Dividends to net assets (Consolidated)
Year ended March 31, 2013 Year ended March 31, 2014	Yen ― ―	Yen 14.00 17.00	Yen ― ―	Yen 20.00 20.00	Yen 34.00 37.00	Millions of yen 18,874 20,430	% 21.9 25.5	% 2.6 2.4
Year ending March 31, 2015 (Forecast)	―	17.00	―	18.00	35.00		25.1

3. Forecast of Consolidated Operating Results for the Year Ending March 31, 2015 (From April 1, 2014, to March 31, 2015)

(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	Net income	Net income per share
Second quarter (cumulative) Full year	Millions of yen % 431,000 3.6 865,000 4.1	Millions of yen % 44,000 8.1 93,000 23.3	Millions of yen % 55,000 -2.7 112,000 -2.1	Millions of yen % 39,000 -2.6 77,000 -4.1	Yen 70.63 139.45

Notes

(1) Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): Yes
Companies included in consolidation: 1 (Company name: SMM-SG Holding Inversiones Limitada) Companies excluded from consolidation: ―
(Note) For further details, please refer to "4. Consolidated Financial Statements, (5) Notes Relating to
Consolidated Financial Statements (Basis of Presenting the Consolidated Financial Statements)" on page
21.
(2) Changes in Accounting Policies or Estimates and Retrospective Restatements
1) Changes in accounting policies in accordance with revision of accounting standards: Yes
2) Changes in accounting policies other than item 1) above: None
3) Change in accounting estimates: None
4) Retrospective restatements: None
(Note) For further details, please refer to "4. Consolidated Financial Statements, (5) Notes Relating to
Consolidated Financial Statements (Changes in Accounting Policies)" on page 25.
(3) Number of Outstanding Shares (Common stock)
1) Number of shares issued as of end of period (including treasury stock)
581,628,031 shares at March 31, 2014
581,628,031 shares at March 31, 2013
2) Number of shares of treasury stock as of end of period
29,472,788 shares at March 31, 2014
29,410,627 shares at March 31, 2013
3) Average number of shares during the period
552,186,107 shares for the year ended March 31, 2014
556,883,429 shares for the year ended March 31, 2013
(Note) Please refer to "4. Consolidated Financial Statements, (5) Notes Relating to Consolidated Financial Statements (Earnings per Share)" on page 43 for the number of shares used as the basis for calculating "Net income per share (consolidated)."

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(Reference) Summary of Non-Consolidated Financial Results
Non-Consolidated Financial Results (From April 1, 2013, to March 31, 2014) (1) Non-Consolidated Operating Results

(% figures show year-on-year change)

	Net sales	Operating income	Ordinary income	Net income
Year ended March 31, 2014 Year ended March 31, 2013	Millions of yen % 672,909 -1.8 685,374 -5.3	Millions of yen % 39,195 -34.3 59,670 33.2	Millions of yen % 76,026 -15.5 89,994 17.1	Millions of yen % 59,331 -12.6 67,910 28.6

	Net income per share (Basic)	Net income per share (Diluted)
Year ended March 31, 2014 Year ended March 31, 2013	Yen 107.45 121.95	Yen 96.05 111.92

(2) Non-Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
As of March 31, 2014 As of March 31, 2013	Millions of yen 946,455 904,581	Millions of yen 596,235 549,818	% 63.0 60.8	Yen 1,079.83 995.65

(Reference) Shareholders' equity

As of March 31, 2014: ¥ 596,235 million; As of March 31, 2013: ¥ 549,818 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 Friday, May 9, 2014.

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