February 15, 2017,09:00 +0900(JST) Business Results for 3rd Quarter of FY 2016

On February 2, we announced our business results for the third quarter of FY 2016.

The outline of our business results on a consolidated basis for the first nine months of fiscal 2016 (April-December) is as follows: net sales of 2,034.1 billion yen; operating income of 100 billion yen; ordinary income of 120 billion yen; and net income attributable to owners of parent of 73 billion yen. Compared with the same period of the previous year, although net sales marked a decrease, all of the incomes showed increases. Of particular note are the operating income and ordinary income. Despite negative effects from the appreciation of the yen, they were the highest ever, and this is totally thanks to your support.

In addition, we made an upward revision of the forecasts that we had announced regarding our full-year consolidated business results, excluding net sales, as follows: operating income of 135 billion yen; ordinary income of 160 billion yen; and net income attributable to owners of parent of 92 billion yen. We left the forecast for net sales unchanged.
For our forecast for the year-end dividend, we also made a revision from 18 yen, which we had forecast previously, to 20 yen per share, by adding 2 yen to celebrate our 120th anniversary. This means that the annual dividend per share will be 37 yen.

Less than two months now remain until the end of this fiscal year. Although there is uncertainty about the outlook of the global and economic situations, all of us in the Sumitomo Electric Group will continue doing our very best until the end in order to live up to your expectations.

Fact Book FY2016 3rd Edition ( 618 KB)

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SUMITOMO ELECTRIC President CEO Masayoshi Matsumoto

Born in 1944 in Hyogo Prefecture, Masayoshi Matsumoto joined Sumitomo Electric in 1967. After serving as General Manager of Chubu District Office, Managing Director and Senior Managing Director, he assumed office of President and CEO in June 2004.

His leisure activities include jogging, reading and art appreciation. Also a seasoned athlete, he played baseball in junior high school and practiced judo in senior high school. In university, he threw the javelin competitively and participated in all-Japan inter-university competitions.

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