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February 4, 2013 Consolidated quarterly results FY2012 (Nine-month period ended December 31, 2012) [Prepared on the basis of International Financial Reporting Standards] Sumitomo Corporation Stock Exchange code No. 8053 (Listed on Tokyo, Osaka, Nagoya and Fukuoka Stock Exchanges) President & CEO, Kuniharu Nakamura For further information contact: Masatoshi Hayashi, Corporate Communications Dept. Tel.+81-3-5166-5607 (URL http://www.sumitomocorp.co.jp/english) 1. Consolidated results for the nine-month period ended December 31, 2012 (Remarks) (1) Consolidated operating results increase/ (decrease) Profit for the period attributable to owners of the parent increase/ (decrease) increase/ (decrease) (%) (millions of yen) (%) (%) (15.1) 188,601 (13.9) 272.6 24.0 219,089 22.4 5.7 150.85 175.26 [Note] (2) Consolidated financial position (millions of yen) (millions of yen) (millions of yen) 2. Dividends [Note] increase/ (decrease) (%) (%) (%) (yen) (8.1) (8.2) [Note] 56,479 (16.7) (%) 195,102 20.4 (%) Earnings per share attributable to owners of the parent (basic) 251,804 302,225 (%) (37.4) (millions of yen) 5,519,343 6,195,550 (10.9) (0.0) (millions of yen) increase/ (decrease) Operating profit Profit before tax Total trading transactions Profit for the period Comprehensive income for the period increase/ (decrease) increase/ (decrease) (millions of yen) Year ending March 31, 2013 Total trading transactions is presented in a manner customarily used in Japan solely for Japanese investors' purposes. 1,938,255 1,689,056 175.16 (millions of yen) 210,466 23.9 Profit attributable to owners of the parent (Remarks) % change from the previous year. Earnings per share attributable to owners of the parent (millions of yen) (millions of yen) Total trading transactions represents the gross transaction volume of trading activities, or the nominal aggregate value of the transactions for which the Companies act as a principal or as an agent. Total Assets Total equity Equity attributable to owners of the parent increase/ (decrease) Profit before tax (yen) 26.00 (yen) (yen) 183.97 increase/ (decrease) 230,000 150.75 Total (yen) 50.00 (%) Second quarter-end Year ending March 31, 2013 (Forecasts) Equity attributable to owners of the parent ratio As of March 31, 2012 Cash dividends per share 1,822,058 1,801,188 7,359,620 7,226,769 24.8 23.4 231,520 (yen) Revision of the latest forecasts: Yes December 31, 2012 December 31, 2011 December 31, 2012 December 31, 2011 As of December 31, 2012 Year ended March 31, 2012 Year ending March 31, 2013 24.00 25.00 Nine-month period ended Nine-month period ended Earnings per share attributable to owners of the parent (diluted) (yen) 122,146 (millions of yen) 196,550 (9.8) First quarter-end (yen) Total trading transactions (millions of yen) 308,000 7,600,000 3. Forecasts for the year ending March 31, 2013 Amounts are rounded to the nearest million. % change from the same period of the previous year. 20.00 Revision of the latest dividends prospect: Yes Third quarter-end 45.00 Year-end 1
Transcript
Page 1: Sumitomo corp qe130204

February 4, 2013

Consolidated quarterly results FY2012 (Nine-month period ended December 31, 2012)[Prepared on the basis of International Financial Reporting Standards]

Sumitomo CorporationStock Exchange code No. 8053(Listed on Tokyo, Osaka, Nagoya and Fukuoka Stock Exchanges)President & CEO, Kuniharu NakamuraFor further information contact: Masatoshi Hayashi, Corporate Communications Dept. Tel.+81-3-5166-5607  (URL http://www.sumitomocorp.co.jp/english)

1. Consolidated results for the nine-month period ended December 31, 2012 (Remarks)

(1) Consolidated operating results

increase/ (decrease)

Profit for theperiod

attributable to owners

of the parent

increase/ (decrease)

increase/ (decrease)

(%) (millions of yen) (%) (%)

(15.1) 188,601 (13.9) 272.624.0 219,089 22.4 5.7

150.85175.26

[Note]

(2) Consolidated financial position

(millions of yen) (millions of yen) (millions of yen)

2. Dividends

[Note]

  increase/  (decrease)

(%) (%) (%) (yen)

(8.1) (8.2)

[Note]

56,479(16.7)

(%)

195,102 20.4

(%)

Earnings per shareattributable to owners of the parent (basic)

251,804302,225

(%)

(37.4)(millions of yen)

5,519,3436,195,550

(10.9)(0.0)

(millions of yen)

increase/ (decrease)

Operating profit

Profit before tax

Total tradingtransactions

Profit for the period

Comprehensiveincome

for the period

increase/ (decrease)

increase/ (decrease)

(millions of yen)

Year ending March 31, 2013

Total trading transactions is presented in a manner customarily used in Japan solely for Japanese investors' purposes.

1,938,2551,689,056

175.16

(millions of yen)

210,46623.9

Profit attributable to owners of the parent

(Remarks)% : change from the previous year.

Earnings per share attributable to owners of the parent

(millions of yen) (millions of yen)

Total trading transactions represents the gross transaction volume of trading activities, or the nominal aggregate value of the transactions for whichthe Companies act as a principal or as an agent.

Total Assets Total equity Equity attributable to owners of the parent

increase/ (decrease) Profit before tax

(yen)

26.00(yen)(yen)

183.97

increase/ (decrease)

230,000

150.75

Total

(yen)

50.00

(%)

Second quarter-end

Year ending March 31, 2013 (Forecasts)

Equity attributable to owners of the parent ratio

As of March 31, 2012

Cash dividends per share

1,822,0581,801,188

7,359,6207,226,769

24.823.4

231,520

(yen)

Revision of the latest forecasts: Yes

December 31, 2012 December 31, 2011

December 31, 2012 December 31, 2011

As of December 31, 2012

Year ended March 31, 2012Year ending March 31, 2013

24.0025.00

Nine-month period ended

Nine-month period ended

Earnings per shareattributable to ownersof the parent (diluted)

(yen)

122,146(millions of yen)

196,550

(9.8)

First quarter-end

(yen)

Total tradingtransactions

(millions of yen)

308,0007,600,000

3. Forecasts for the year ending March 31, 2013

Amounts are rounded to the nearest million.% : change from the same period of the previous year.

20.00

Revision of the latest dividends prospect: Yes

Third quarter-end

45.00

Year-end

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Notes(1) Change in significant subsidiaries (changes in "Specified Subsidiaries" accompanying changes in scope of consolidation) during this period: Yes

NoneNoneNone

(3) Outstanding stocks (Common stocks) (shares)(December 31, 2012) (March 31, 2012) 1,250,602,867(December 31, 2012) (March 31, 2012) 472,515(December 31, 2012) (December 31, 2011) 1,250,081,983

This report includes forward-looking statements relating to our future plans, forecasts, objectives, expectations and intentions. The forward-looking statementsreflect management's current assumptions and expectations of future events, and accordingly, they are inherently susceptible to uncertainties and changes incircumstances and are not guarantees of future performance. Actual results may differ materially, for a wide range of possible reasons, including general industryand market conditions and general international economic conditions. In light of the many risks and uncertainties, you are advised not to put undue reliance on thesestatements. The management forecasts included in this report are not projections, and do not represent management's current estimates of future performance.Rather, they represent forecasts that management strives to achieve through the successful implementation of the Company's business strategies. The Company maybe unsuccessful in implementing its business strategies, and management may fail to achieve its forecasts. The Company is under no obligation -- and expresslydisclaims any such obligation -- to update or alter its forward-looking statements.

       Increase : None

(iii) Average stocks during nine months (Apr.-Dec.)

Notice regarding Quarterly Review

Review of the Condensed Consolidated Financial Statements by our auditor has not been completed as of February 4, 2013.

1,250,602,867

[Note] For further details please refer page 6.

(ii) Other changes

(ii) Treasury stocks

(iii) Changes in accounting estimate

Decrease : 1 company (Name : Summit Empreendimentos Minerais Ltda.)

Cautionary Statement Concerning Forward-looking Statements

242,6651,250,225,337

(i) Outstanding stocks including treasury stock

Sumitomo CorporationStock Exchange code No. 8053

(2) Changes in accounting policies and accounting estimate

(i) Changes in accounting policies required by IFRS

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Management results 1. Operating results

Total trading transactions for the nine-month period ended December 31, 2012 amounted to 5,519.3

billion yen, representing 676.2 billion yen decline from the same period of the previous fiscal year.

Gross profit decreased by 107.1 billion yen to 588.4 billion yen.

Selling, general and administrative expenses decreased by 30.4 billion yen to 469.7 billion yen.

Therefore, operating profit decreased by 73.0 billion yen to 122.1 billion yen.

Gain (loss) on securities and other investments, net increased by 25.8 billion yen to 53.8 billion yen.

Share of profit of investments accounted for using the equity method decreased by 5.4 billion yen to

77.0 billion yen.

As a result, profit for the period attributable to owners of the parent totaled 188.6 billion yen, a

decrease of 30.5 billion yen from the same period of the previous fiscal year.

<Profit for the period attributable to owners of the parent by segment>

Metal Products Business Unit posted 11.1 billion yen, a decrease of 3.1 billion yen from the same

period of the previous fiscal year. Although tubular products business in North America showed stable

performance, earnings of steel service center operations decreased.

Transportation & Construction Systems Business Unit posted 27.4 billion yen, up 1.5 billion yen,

mainly due to stable performance in automobile business.

Infrastructure Business Unit posted 9.3 billion yen, an increase of 3.9 billion yen, mainly due to stable

performance in IPP/IWPP businesses (Tanjung Jati B).

Media, Network & Lifestyle Retail Business Unit posted 51.7 billion yen, up 22.8 billion yen. In

addition to the gain resulted from selling a part of our shares in Jupiter Shop Channel Co., Ltd., our

major group companies showed stable performances.

Mineral Resources, Energy, Chemical & Electronics Business Unit posted 32.0 billion yen, a decrease

of 49.9 billion yen. Earnings of coal mining operation in Australia and San Cristobal silver-zinc-lead

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mining project in Bolivia decreased and there was temporary gain in the same period of the previous

fiscal year.

General Products & Real Estate Business Unit posted 9.7 billion yen, down 3.5 billion yen.

Condominium delivery declined and earnings of banana business and U.S. tire business decreased.

New Industry Development & Cross-function Business Unit posted 10.5 billion yen, a decrease of 1.4

billion yen. Although aircraft leasing business, which was acquired in June 2012, newly contributed to

the results, there was gain regarding IPO of a company in which we invested in the same period of the

previous fiscal year.

Domestic Regional Business Units and Offices posted 3.8 billion yen, up 0.2 billion yen, mainly due to

stable performance in Metal products business.

Overseas Subsidiaries and Branches posted 37.5 billion yen, a decrease of 3.9 billion yen, mainly due

to a decrease in earnings of subsidiaries in China from the same period of the previous fiscal year.

2. Financial position

<Total assets, liabilities, and equity as of December 31, 2012>

Total assets amounted to 7,359.6 billion yen, increased by 132.9 billion yen from March 31, 2012.

Although we sold a part of our shares in Jupiter Shop Channel Co., Ltd., total assets increased due to an

increase in our shares in the U.S. construction equipment rental company, a new investment in the tight

oil development project in the U.S. and yen depreciation.

Equity attributable to owners of the parent amounted to 1,822.1 billion yen, an increase of 133.0

billion yen from March 31, 2012. In addition to an increase in retained earnings, there was impact of

yen depreciation.

Interest-bearing liabilities (net) were 2,882.2 billion yen, increased by 95.5 billion yen from March 31,

2012.

As a result, Debt-equity ratio, net (Interest-bearing liabilities, net/ Equity attributable to owners of the

parent) was 1.6 times.

<Cash flows>

Net cash provided by operating activities was 109.4 billion yen since our core businesses steadily

generated cash. Net cash used in investing activities was 102.5 billion yen. In this nine-month period,

while we sold a part of our shares in Jupiter Shop Channel Co., Ltd., we increased our shares in the U.S.

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Page 5: Sumitomo corp qe130204

construction equipment rental company and made new investments in the tight oil development project

in the U.S. and renewable energy businesses such as wind power and solar power projects. As a result,

free cash flow was 7.0 billion yen inflow.

3. Forecasts for fiscal year ending March 31, 2013 Due to prolonged European sovereign debt issues and Chinese economy deceleration, the recovery of

the world economy seems to be slower than our initial scenario made in May, 2012, that the world

economy would gradually recover later this fiscal year.

Looking at our businesses, the businesses in “Mineral Resources, Energy, Chemical & Electronics”

have been affected by a fall in commodity prices. In addition, a delay in the recovery of the world

economy has a negative impact on the businesses in “Metal Products” and “Overseas Subsidiaries and

Branches”, and “General Products & Real Estate” has some businesses affected by temporary negative

factors. Therefore, the profits for this fiscal year from each segment mentioned above are prospected to

be lower than our initial forecasts.

Taking these factors into account, we have revised our forecasts for the fiscal year ending March 31,

2013 as follows.

- Total trading transactions (in a manner customarily used in Japan) 7,600 billion yen

- Profit before tax 308 billion yen

- Profit for the year attributable to owners of the parent 230 billion yen

Compared with our initial annual forecasts announced on May 7, 2012, total trading transactions

decreases by 500 billion yen (6.2%), profit before tax decreases by 49 billion yen (13.7%) and profit for

the year attributable to owners of the parent decreases by 30 billion yen (11.5%).

Cautionary Statement Concerning Forward-Looking Statements This report includes forward-looking statements relating to our future plans, forecasts, objectives, expectations and intentions. The forward-looking statements reflect management's current assumptions and expectations of future events, and accordingly, they are inherently susceptible to uncertainties and changes in circumstances and are not guarantees of future performance. Actual results may differ materially, for a wide range of possible reasons, including general industry and market conditions and general international economic conditions. In light of the many risks and uncertainties, you are advised not to put undue reliance on these statements. The management forecasts included in this report are not projections, and do not represent management’s current estimates of future performance. Rather, they represent forecasts that management strives to achieve through the successful implementation of the Company’s business strategies. The company may be unsuccessful in implementing its business strategies, and management may fail to achieve its forecasts. The Company is under no obligation -- and expressly disclaims any such obligation -- to update or alter its forward-looking statements.

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4. Dividend policy

We have set the policy to flexibly decide the consolidated dividend payout ratio in the range of 20%

to 30%. This is based on our fundamental policy to meet shareholders’ expectations by ensuring

long-term stable dividends while considering both the changes in the economic environment and

progress in investment plans. During the f(x), our medium-term (two year) management plan

launched in April 2011, we have applied the consolidated dividend payout ratio of 25%.

The annual dividend for fiscal 2012 is planned to be 45 yen per share (the annual dividend for fiscal

year 2011 was 50 yen per share), applying the consolidated dividend payout ratio of 25% to our

annual profit for the year attributable to owners of the parent forecast of 230 billion yen. As the

interim dividend for fiscal 2012 was 25 yen per share, the year-end dividend for fiscal 2012 is

planned to be 20 yen per share.

5.Other

Change in significant subsidiaries (changes in “Specified Subsidiaries” accompanying changes in

scope of consolidation) during this period

We had invested in a Brazilian iron ore mining company, MINERACAO USIMINAS S.A. (“MUSA”),

through our Specified Subsidiary in Brazil, Summit Empreendimentos Minerais Ltda. (“SEM”).

On October 26, 2012, MUSA and SEM conducted a merger by which SEM became the company

absorbed in the absorption-type merger.

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Page 7: Sumitomo corp qe130204

Condensed Consolidated Statements of Financial PositionSumitomo Corporation and SubsidiariesAs of December 31, 2012(Unaudited) and March 31, 2012

ASSETSCurrent assets:

Cash and cash equivalents ¥ 843,280 ¥ 821,915 $ 9,693

Time deposits 6,820 5,245 78

Marketable securities 29,084 20,474 334

Trade and other receivables 1,402,364 1,514,360 16,119

Other financial assets 57,344 48,239 659

Inventories 786,882 707,105 9,045

Advance payments to suppliers 149,530 217,697 1,719

Assets classified as held for sale 15,010 20,715 173

Other current assets 149,129 134,556 1,714

Total current assets 3,439,443 3,490,306 39,534

Non-current assets:Investments accounted for using the equity method 1,408,359 1,246,666 16,188

Other investments 459,503 476,910 5,282

Trade and other receivables 616,075 645,732 7,081

Other financial assets 82,753 74,965 951

Property, plant and equipment 716,293 606,855 8,233

Intangible assets 234,177 331,618 2,692

Investment property 263,821 215,563 3,032

Prepaid expenses 46,191 36,131 531

Deferred tax assets 93,005 102,023 1,069

Total non-current assets 3,920,177 3,736,463 45,059

Total assets ¥ 7,359,620 ¥ 7,226,769 $ 84,593

Notes:1) The U.S. Dollar amounts represent translations of Japanese Yen amounts at the rate of \87=US$1.2) “Assets classified as held for sale” and “Liabilities associated with assets classified as held for sale”, which were previously included in “Other current assets” and “Other current liabilities”, are presented separately. The prior year end amounts are reclassified to conform to the current year presentation.

Millions of Yen Millions of U.S. Dollars

December 31, 2012 March 31, 2012 December 31, 2012

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Condensed Consolidated Statements of Financial PositionSumitomo Corporation and SubsidiariesAs of December 31, 2012(Unaudited) and March 31, 2012

LIABILITIES AND EQUITYCurrent liabilities:

Bonds and borrowings ¥ 693,368 ¥ 632,267 $ 7,970

Trade and other payables 1,024,497 1,102,326 11,776

Other financial liabilities 69,318 54,636 797

Income tax payables 17,440 27,773 200

Accrued expenses 79,273 91,726 911

Advances from customers 172,467 181,001 1,982

Provisions 7,251 8,376 83

Liabilities associated with assets classified as held for sale 5,759 7,920 66

Other current liabilities 59,971 66,945 690

Total current liabilities 2,129,344 2,172,970 24,475

Non-current liabilities:Bonds and borrowings 3,038,907 2,981,548 34,930

Trade and other payables 106,745 108,701 1,227

Other financial liabilities 29,912 36,785 344

Accrued pension and retirement benefits 29,227 25,635 336

Provisions 25,425 22,797 292

Deferred tax liabilities 61,805 77,145 710

Total non-current liabilities 3,292,021 3,252,611 37,839

Total liabilities 5,421,365 5,425,581 62,314

Equity:Common stock 219,279 219,279 2,520

Additional paid-in capital 277,002 282,407 3,184

Treasury stock (529) (1,034) (6)

Other components of equity (25,500) (63,007) (293)

Retained earnings 1,351,806 1,251,411 15,538

Equity attributable to owners of the parent 1,822,058 1,689,056 20,943

Non-controlling interests 116,197 112,132 1,336

Total equity 1,938,255 1,801,188 22,279

Total liabilities and equity ¥ 7,359,620 ¥ 7,226,769 $ 84,593

Notes:1) The U.S. Dollar amounts represent translations of Japanese Yen amounts at the rate of \87=US$1.2) “Assets classified as held for sale” and “Liabilities associated with assets classified as held for sale”, which were previously included in “Other current assets” and “Other current liabilities”, are presented separately. The prior year end amounts are reclassified to conform to the current year presentation.

Millions of Yen Millions of U.S. Dollars

December 31, 2012 March 31, 2012 December 31, 2012

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Page 9: Sumitomo corp qe130204

Condensed Consolidated Statements of Comprehensive IncomeSumitomo Corporation and SubsidiariesFor the nine-month periods ended December 31, 2012 and 2011

(Unaudited)

Revenues:Sales of tangible products ¥ 1,750,215 ¥ 1,902,223 $ 20,117Sales of services and others 424,990 521,941 4,885 Total revenues 2,175,205 2,424,164 25,002

Cost:Cost of tangible products sold (1,449,217) (1,525,722) (16,658)Cost of services and others (137,586) (202,892) (1,581) Total cost (1,586,803) (1,728,614) (18,239)Gross profit 588,402 695,550 6,763

Other income (expenses):Selling, general and administrative expenses (469,702) (500,053) (5,398)Impairment losses on long-lived assets (8,096) (1,734) (93)Gain (loss) on sale of property, plant and equipment, net 10,042 322 115Other, net 1,500 1,017 17 Total other income (expenses) (466,256) (500,448) (5,359)

Operating profit 122,146 195,102 1,404

Finance income (costs):Interest income 9,774 9,816 112Interest expense (20,608) (22,342) (236)Dividends 9,659 9,222 111Gain (loss) on securities and other investments, net 53,798 27,979 618

Finance income (costs), net 52,623 24,675 605

Millions of YenMillions of

U.S. Dollars

2012 2011 2012

Finance income (costs), net 52,623 24,675 605

Share of profit of investments accounted for using the equity method 77,035 82,448 885Profit before tax 251,804 302,225 2,894

Income tax expense (55,254) (70,705) (635)Profit for the period 196,550 231,520 2,259

Profit for the period attributable to:Owners of the parent ¥ 188,601 ¥ 219,089 $ 2,168Non-controlling interests 7,949 12,431 91

Other comprehensive income:Exchange differences on translating foreign operations 20,695 (116,013) 237Financial assets measured at fair value through other comprehensive income

(4,515) (37,166) (52)

Cash-flow hedges (2,205) (2,363) (25)Actuarial gains (losses) on defined benefit pension plans 922 (13,633) 11Share of other comprehensive income of investments accounted for using the equity method

(981) (5,866) (11)

Other comprehensive income, net of tax 13,916 (175,041) 160

Comprehensive income for the period 210,466 56,479 2,419

Comprehensive income for the period attributable to:Owners of the parent ¥ 201,662 ¥ 48,180 $ 2,318Non-controlling interests 8,804 8,299 101

Total trading transactions ¥ 5,519,343 ¥ 6,195,550 $ 63,441

Notes:

1) The U.S. Dollar amounts represent translations of Japanese Yen amounts at the rate of ¥87=US$1.

2) Total trading transactions represents the gross transaction volume of trading activities, or the nominal aggregate value of the transactions for which

the Companies act as a principal or as an agent. Total trading transactions is a measure commonly used by Japanese trading companies. It is not

to be construed as equivalent to, or a substitute for, sales or revenues under IFRSs.

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Condensed Consolidated Statements of Changes in EquitySumitomo Corporation and SubsidiariesFor the nine-month periods ended December 31, 2012 and 2011(Unaudited)

Millions of U.S. Dollars

2012 2011 2012

Equity:

Common stock:

Balance, beginning of year ¥ 219,279 ¥ 219,279 $ 2,520

Balance, end of period 219,279 219,279 2,520

Additional paid-in capital:

Balance, beginning of year 282,407 288,868 3,246

Acquisition (disposal) of non-controlling interests, net 162 (6,470) 2

Others (5,567) 114 (64)

Balance, end of period 277,002 282,512 3,184

Treasury stock:

Balance, beginning of year (1,034) (1,053) (12)

Exercise of stock options and others 505 (44) 6

Balance, end of period (529) (1,097) (6)

Other components of equity:

Balance, beginning of year (63,007) (4,819) (724)

Other comprehensive income for the period 13,061 (170,909) 150

Transfer to retained earnings 24,446 14,124 281

Balance, end of period (25,500) (161,604) (293)

Retained earnings:

Balance, beginning of year 1,251,411 1,068,193 14,384

Transfer from other components of equity (24,446) (14,124) (281)

Profit for the period attributable to owners of the parent 188,601 219,089 2,168

Cash dividends (63,760) (55,003) (733)

Balance, end of period 1,351,806 1,218,155 15,538

Equity attributable to owners of the parent ¥ 1,822,058 ¥ 1,557,245 $ 20,943

Non-controlling interests:

Balance, beginning of year 112,132 111,622 1,289

Cash dividends to non-controlling interests (3,240) (3,065) (37)

Acquisition (disposal) of non-controlling interests and others, net (1,499) 7,940 (17)

Profit for the period attributable to non-controlling interests 7,949 12,431 91

Other comprehensive income for the period 855 (4,132) 10

Balance, end of period 116,197 124,796 1,336

Total equity ¥ 1,938,255 ¥ 1,682,041 $ 22,279

Comprehensive income for the period attributable to:

Owners of the parent 201,662 48,180 2,318

Non-controlling interests 8,804 8,299 101

Total comprehensive income for the period ¥ 210,466 ¥ 56,479 $ 2,419

Notes: 1) The U.S. Dollar amounts represent translations of Japanese Yen amounts at the rate of \87=US$1.

2) “Grant of stock options and others”, which was previously presented separately within additional paid-in capital, is included in “Others”.

Millions of Yen

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Condensed Consolidated Statements of Cash FlowsSumitomo Corporation and SubsidiariesFor the nine-month periods ended December 31, 2012 and 2011 (Unaudited)

2012 2011 2012

Operating activities:

Profit for the period ¥ 196,550 ¥ 231,520 $ 2,259

Adjustments to reconcile profit for the period to net cash from

operating activities:

Depreciation and amortization 64,176 119,202 738

Impairment losses on long-lived assets 8,096 1,734 93

Finance (income) costs, net (52,623) (24,675) (605)

Share of profit of investments accounted for

using the equity method (77,035) (82,448) (885)

(Gain) loss on sale of property, plant and

equipment, net (10,042) (322) (115)

Income tax expense 55,254 70,705 635

Increase in inventories (65,319) (82,173) (751)

Decrease (increase) in trade and other receivables 137,504 (24,174) 1,581

(Increase) decrease in prepaid expenses (13,495) 16,215 (155)

(Decrease) increase in trade and other payables (126,018) 17,684 (1,448)

Other, net (7,618) (72,411) (89)

Net cash from operating activities 109,430 170,857 1,258

Investing activities:

Changes in:

Property, plant, equipment and other assets (111,689) (41,322) (1,284)

Millions of YenMillions of

U.S. Dollars

Marketable securities and investments 9,909 15,565 114

Loans receivables (677) (10,364) (8)

Net cash used in investing activities (102,457) (36,121) (1,178)

Free Cash Flows: 6,973 134,736 80

Financing activities:

Changes in:

Short-term debt 15,239 108,312 175

Long-term debt 59,900 (75,111) 689

Cash dividends paid (63,760) (55,003) (733)

Payment to and from non-controlling interests and others, net (2,343) (3,643) (27)

Net cash from (used in) financing activities 9,036 (25,445) 104

Net increase in cash and cash equivalents 16,009 109,291 184

Cash and cash equivalents at the beginning of year 821,915 704,313 9,447

Effect of exchange rate changes on cash and cash equivalents 5,639 (12,714) 65

Net decrease in cash and cash equivalents

included in assets classified as held for sale (283) (4,586) (3)

Cash and cash equivalents at the end of period ¥ 843,280 ¥ 796,304 $ 9,693

Note:

The U.S. Dollar amounts represent translations of Japanese Yen amounts at the rate of ¥87=US$1.

11

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Segment Information (Condensed)Sumitomo Corporation and SubsidiariesFor the nine-month periods ended December 31, 2012 and 2011(Unaudited)

2012: As of December 31

Gross TotalSegment profit assets

Metal Products ¥ 46,930 ¥ 11,129 ¥ 596,294Transportation & Construction Systems 77,376 27,406 927,785Infrastructure 24,704 9,347 468,814Media, Network & Lifestyle Retail 141,262 51,742 954,667Mineral Resources, Energy, Chemical & Electronics 55,479 32,018 1,222,147General Products & Real Estate 69,558 9,712 757,645New Industry Development & Cross-function 19,030 10,513 551,875Domestic Regional Business Units and Offices 27,817 3,761 351,991Overseas Subsidiaries and Branches 131,403 37,496 1,354,716

Segment Total 593,559 193,124 7,185,934Corporate and Eliminations (5,157) (4,523) 173,686

Consolidated ¥ 588,402 ¥ 188,601 ¥ 7,359,620

2011: As of March 31

Gross TotalSegment profit assets

Metal Products ¥ 49,651 ¥ 14,244 ¥ 638,428Transportation & Construction Systems 110,848 25,916 900,810Infrastructure 19,412 5,480 563,075Media, Network & Lifestyle Retail 162,214 28,952 1,031,574Mineral Resources, Energy, Chemical & Electronics 97,525 81,927 1,171,322General Products & Real Estate 74,350 13,217 771,642New Industry Development & Cross-function 21,806 11,913 549,652Domestic Regional Business Units and Offices 26,818 3,528 419,557Overseas Subsidiaries and Branches 137,424 41,346 1,151,957

Segment Total 700,048 226,523 7,198,017Corporate and Eliminations (4,498) (7,434) 28,752

Consolidated ¥ 695,550 ¥ 219,089 ¥ 7,226,769

2012: As of December 31

Gross TotalSegment profit assets

Metal Products $ 539 $ 128 $ 6,854Transportation & Construction Systems 889 315 10,664Infrastructure 284 107 5,389Media, Network & Lifestyle Retail 1,624 595 10,973Mineral Resources, Energy, Chemical & Electronics 638 368 14,048General Products & Real Estate 800 112 8,709New Industry Development & Cross-function 219 121 6,343Domestic Regional Business Units and Offices 320 43 4,046Overseas Subsidiaries and Branches 1,510 431 15,571

Segment Total 6,823 2,220 82,597Corporate and Eliminations (60) (52) 1,996

Consolidated $ 6,763 $ 2,168 $ 84,593

Profit for the period(attributable to

owners of the parent)

Millions of U.S. Dollars

Millions of Yen

Millions of Yen

Profit for the period(attributable to

owners of the parent)

Profit for the period(attributable to

owners of the parent)

Note: The U.S. Dollar amounts represent translations of Japanese yen amounts at the rate of ¥87=US$1.

12

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Assumptions for Going Concern : None Significant changes in equity attributable to owners of the parent : None

13


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