Sumitomo Seika Chemicals Company Limited Announces Consolidated Earnings Results for the Fiscal Year Ended March 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
May 11, 2015
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Sumitomo Seika Chemicals Company Limited announced consolidated earnings results for the fiscal year ended March 31, 2015. For the period, the company reported net sales of JPY 94,911 million compared to JPY 92,698 million a year ago. Operating income was JPY 8,056 million compared to JPY 7,252 million a year ago. Net income was JPY 5,656 million or JPY 80.02 per share compared to JPY 5,543 million or JPY 80.37 per share a year ago. Return on equity was 13.5% compared to 11.2% a year ago.
The company provided earnings guidance for the year ending March 31, 2016. For the period, the company expected net sales of JPY 100,000 million, operating income of JPY 9,000 million, net income of JPY 5,700 million or JPY 82.65 per share and return on equity of 10%.
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 Company Limited Announces Consolidated Earnings Results for the Fiscal Year Ended March 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
SUMITOMO SEIKA CHEMICALS COMPANY, LIMITED. 
