Sumitomo Metal Mining : Consolidated Financial Results (for the First Quarter Ended June 30, 2015)

Consolidated Financial Results for the First Quarter Ended June 30, 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

August 7, 2015

Contact: Tsuyoshi Nozawa, Deputy General Manager, PR & IR Dept. TEL: [phone]
Scheduled Date to Submit Quarterly Report: August 12, 2015
Scheduled Date to Start Dividend Payment: -
Preparation of Supplementary Explanation Materials for Quarterly Financial Results: Yes
Briefing on Quarterly Settlement: Yes (for institutional investors)

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2015, to June 30, 2015)

(1) Consolidated Operating Results

(% figures show year-on-year change)

Net sales	Operating income	Ordinary income	Profit attributable to owners of parent
Three months ended June 30, 2015 Three months ended June 30, 2014	Millions of yen % 239,613 14.4 209,371 -0.5	Millions of yen % 26,081 25.3 20,807 2.9	Millions of yen % 36,595 35.9 26,926 -14.5	Millions of yen % 26,335 42.0 18,547 -20.3

(Note) Comprehensive income

Three months ended June 30, 2015: ¥25,530 million (167.9%); Three months ended June 30, 2014: ¥9,531 million (-86.0%)

Profit per share (Basic)	Profit per share (Diluted)
Three months ended June 30, 2015 Three months ended June 30, 2014	Yen 47.74 33.59	Yen 43.52 29.99

(2) Consolidated Financial Position

Total assets	Net assets	Equity ratio
As of June 30, 2015 As of March 31, 2015	Millions of yen 1,734,201 1,740,246	Millions of yen 1,171,928 1,158,945	% 61.3 60.4

(Reference) Shareholders' equity

As of June 30, 2015: ¥1,062,321 million; As of March 31, 2015: ¥1,051,224 million

2. Dividends

Dividend per share
First quarter-end	Second quarter-end	Third quarter-end	Year-end	Total
Year ended March 31, 2015 Year ending March 31, 2016	Yen ― ―	Yen 24.00	Yen ―	Yen 24.00	Yen 48.00
Year ended March 31, 2015 Year ending March 31, 2016	Yen ― ―
Year ending March 31, 2016 (Forecast)	21.00	―	27.00	48.00

(Note) Revision of dividend forecast that has been disclosed lastly: No

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

(% figures show year-on-year change)

Net sales	Operating income	Ordinary income	Profit attributable to owners of parent	Profit per share
First half Full year	Millions of yen % 465,000 4.4 950,000 3.1	Millions of yen % 52,000 -5.9 118,000 -6.2	Millions of yen % 64,000 -19.9 148,000 -15.1	Millions of yen % 45,000 -18.8 104,000 14.1	Yen 81.57 188.52

(Note) Revision of operating results forecast that has been disclosed lastly: Yes
The forecast of consolidated operating results for the six months ending September 30, 2015, has been revised. However, the forecast for the full year remains unchanged from the one announced on May 12, 2015. For further details, please refer to "1. Qualitative Information on Quarterly Financial Results, (3) Forward-Looking Information Including Forecast of Consolidated Operating Results and Other" on page 2.

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) Application of Accounting Procedures Specific to Quarterly Consolidated Financial Statements: Yes
(Note) For further details, please refer to "2. Summary Information (Notes)" on page 3.
(3) 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 "2. Summary Information (Notes)" on page 3.
(4) Number of Outstanding Shares (Common stock)
1) Number of shares issued as of end of period (including treasury stock)
581,628,031 shares at June 30, 2015
581,628,031 shares at March 31, 2015
2) Number of shares of treasury stock as of end of period
29,962,221 shares at June 30, 2015
29,948,647 shares at March 31, 2015
3) Average number of shares during the period
551,671,313 shares for three months ended June 30, 2015
552,146,672 shares for three months ended June 30, 2014

Presentation regarding status of quarterly review procedure

The consolidated financial results presented herein are not subject to the quarterly review procedure specified by the Financial Instruments and Exchange Act. The review procedure for quarterly 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 forecast of consolidated operating results for the six months ending September 30, 2015, disclosed on May 12,
2015, has been revised in this report. 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 Friday, August 7, 2015.