Consolidated Financial Results for the Year Ended March 31, 2015 [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 12, 2015

Contact: Shuichi Yasukawa, Deputy General Manager, PR & IR Dept. TEL: +81-3-3436-7705
Scheduled Ordinary General Meeting of Shareholders: June 29, 2015
Scheduled Date to Start Dividend Payment: June 30, 2015
Scheduled Date to Submit Securities Report: June 29, 2015
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, 2014, to March 31, 2015)

(1) Consolidated Operating Results

(% figures show year-on-year change)

Net sales

Operating income

Ordinary income

Net income

Year ended

March 31, 2015

Year ended

March 31, 2014

Millions of yen %

921,334 10.9

830,546 2.7

Millions of yen %

125,779 66.8

75,418 -21.3

Millions of yen %

174,226 52.4

114,352 -0.6

Millions of yen %

91,113 13.5

80,258 -7.4

(Note) Comprehensive income

Year ended March 31, 2015: ¥190,299 million (-0.6%); Year ended March 31, 2014: ¥191,370 million (31.6%)

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, 2015

Year ended

March 31, 2014

Yen

165.11

145.35

Yen

149.44

129.71

%

9.3

9.5

%

10.5

7.8

%

13.7

9.1

(Reference) Equity in earnings (loss) of affiliates

Year ended March 31, 2015: ¥23,943 million; Year ended March 31, 2014: ¥29,770 million

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio

Net assets per share

As of March 31, 2015

As of March 31, 2014

Millions of yen

1,740,246

1,572,367

Millions of yen

1,158,945

1,019,053

%

60.4

58.1

Yen

1,905.50

1,653.83

(Reference) Shareholders' equity

As of March 31, 2015: ¥1,051,224 million; As of March 31, 2014: ¥913,171 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, 2015

Year ended

March 31, 2014

Millions of yen

120,003

80,014

Millions of yen

(105,024)

(126,937)

Millions of yen

(39,047)

81

Millions of yen

177,720

202,583

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, 2014

Year ended

March 31, 2015

Yen

Yen

17.00

24.00

Yen

Yen

20.00

24.00

Yen

37.00

48.00

Millions of yen

20,430

26,481

%

25.5

29.1

%

2.4

2.7

Year ending March 31, 2016 (Forecast)

21.00

27.00

48.00

25.5

3. Forecast of Consolidated Operating Results for the Year Ending March 31, 2016 (From April 1, 2015, to March 31, 2016)

(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

attributable to owners of parent

Net income per share

Second quarter

(cumulative) Full year

Millions of yen %

465,000 4.4

950,000 3.1

Millions of yen %

55,000 -0.5

118,000 -6.2

Millions of yen %

65,000 -18.6

148,000 -15.1

Millions of yen %

46,000 -17.0

104,000 14.1

Yen

83.38

188.52

Notes

(1) Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None
(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 "5. Consolidated Financial Statements, (5) Notes Relating to
Consolidated Financial Statements (Changes in Accounting Policies)" on page 24.
(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, 2015
581,628,031 shares at March 31, 2014
2) Number of shares of treasury stock as of end of period
29,948,647 shares at March 31, 2015
29,472,788 shares at March 31, 2014
3) Average number of shares during the period
551,848,181 shares for the year ended March 31, 2015
552,186,107 shares for the year ended March 31, 2014
(Note) Please refer to "5. Consolidated Financial Statements, (5) Notes Relating to Consolidated Financial Statements (Earnings per Share)" on page 42 for the number of shares used as the basis for calculating "Net income per share (consolidated)."
(Reference) Summary of Non-Consolidated Financial Results
Non-Consolidated Financial Results (From April 1, 2014, to March 31, 2015) (1) Non-Consolidated Operating Results

(% figures show year-on-year change)

Net sales

Operating income

Ordinary income

Net income

Year ended

March 31, 2015

Year ended

March 31, 2014

Millions of yen %

758,771 12.8

672,909 -1.8

Millions of yen %

77,357 97.4

39,195 -34.3

Millions of yen %

130,237 71.3

76,026 -15.5

Millions of yen %

57,665 -2.8

59,331 -12.6

Net income per share (Basic)

Net income

per share (Diluted)

Year ended

March 31, 2015

Year ended

March 31, 2014

Yen

104.49

107.45

Yen

93.41

96.05

(2) Non-Consolidated Financial Position

Total assets

Net assets

Equity ratio

Net assets per share

As of March 31, 2015

As of March 31, 2014

Millions of yen

1,009,553

946,455

Millions of yen

646,345

596,235

%

64.0

63.0

Yen

1,171.60

1,079.83

(Reference) Shareholders' equity

As of March 31, 2015: ¥646,345 million; As of March 31, 2014: ¥596,235 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 Tuesday, May 12, 2015.

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