Sumitomo Seika Chemicals Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011; Provides Earnings Guidance for the Year Ending March 31, 2012
February 15, 2012 at 12:02 pm
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Sumitomo Seika Chemicals Co. Ltd. reported consolidated earnings results for the nine months ended December 31, 2011. For the nine months, the company reported net sales of JPY 46,343 million compared to JPY 50,166 million reported a year ago. Operating income was JPY 3,696 million compared to JPY 2,912 million reported a year ago. Net income was JPY 1,946 million or JPY 28.22 per share compared to JPY 1,554 million or JPY 22.53 per share reported a year ago. Shareholder return on equity was 6.2% compared to 4.8% reported a year ago.
The company provides earnings guidance for the year ending March 31, 2012. For the year, the company expects net sales of JPY 70,000 million, operating income of JPY 4,500 million, net income of JPY 2,900 million or JPY 42.05 per share. The company expects shareholder return on equity of 8.6%.
Sumitomo Seika Chemicals Company, Limited. is a Japan-based chemical company. The Company operates in three segments. The Chemical Product segment manufactures and sells industrial chemicals, medical products, functional products, water-soluble polymers and fine-grained polymers. The Water Absorbing Resin segment provides super water absorbing resins. The Gas and Engineering segment is engaged in the manufacture and sale of medical gas, chemical gas, standard gas, electronics gas and industrial chemicals, as well as the design, manufacture and sale of pressure swing absorption (PSA) of oxygen/nitrogen/hydrogen gas generators and general chemical engineering equipment, among others.
Sumitomo Seika Chemicals Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011; Provides Earnings Guidance for the Year Ending March 31, 2012
SUMITOMO SEIKA CHEMICALS COMPANY, LIMITED. 
