Sumitomo Corp Cptl. (55XW) - Revision of Projections on Performance RNS Number : 6407P Sumitomo Corp Capital Europe PLC 26 October 2012 For immediate release October 25, 2012 To whom it may concern Sumitomo Corporation Kuniharu Nakamura, President and CEO Code no:8053 Tokyo Stock Exchange(TSE),1^st Section Contact: Masatoshi Hayashi Corporate Communications Dept. TEL. +81-3-5166-3100 Notice Regarding Revision of Projections on Performance of our Subsidiary (Seven Industries Co., Ltd) This is to inform you that a subsidiary of Sumitomo Corporation, Seven Industries Co., Ltd. has revised its projections on performance for the fiscal year ending March 31, 2013(Apr 1, 2012 to Mar 31, 2013) announced on April 27, 2012. This revision has little impact on our consolidated results. Attachment: Disclosed material of Seven Industries Co., Ltd Oct 25,2012 Company Name: Seven Industries Co., Ltd Yoshiaki Nagayoshi, President and CEO Tokyo Stock Exchange 2nd section Code : 7896 Nagoya Stock Exchange 2nd section Code : 7896 Contact : Taro Tanaka, Director TEL : +81-574-28-7800 To whom it may concern Notice Regarding Revision of Projection on Performance Based on recent trends in our performance, we have revised our projections on performance for FY2012 announced April 27, 2012 as follows. ●Revision of Projected Figures (Non-consolidated basis) for the first half of the Performance of the Fiscal Year Ending March 31, 2013(April 1, 2012 to September 30, 2012). (unit: million yen, %) TotalTrading Operating Ordinary Net Earnings Transactions Income Income Income Per Share(yen) Previouslyannouncedprojection(A) 6,070 150 120 95 6.37 Currently revised projections(B) 5,447 62 41 36 2.46 Change (B-A) (623) (88) (79) (59) - Rate of change (10.3) (58.7) (65.8) (62.1) - Performance of previous term; The first half of fiscal year 5,480 10 (9) (51) (3.46) (April 1,2010 to September 30,2010) Reason of Revision (1) Projection of the first half of Fiscal Year Under difficult economic condition, housing industry at first half of fiscal year 2012 still proceeded in difficult situation as seen from low level of new housing starts, and especially fall of number of owned houses compared to same period in previous year. As for our company, performance of panel business progressed in severely difficult situation as orders of Japanese building materials and panel stairs dropped below from our prospects earlier. Therefore our sales, operation income, ordinary income, and net income are expected to go below our projection and hereby make announcement of revision of the projection. (2) Projection for the full Fiscal Year From the third quarter onward, we are intended to take measures for improvement in productivity and reinforcement of sales. Therefore at this moment, we are not making revision for the projection for the third quarter and after. This information is provided by RNS The company news service from the London Stock Exchange END MSCMMMZGGVLGZZM -0- Oct/26/2012 10:27 GMT
Sumitomo Corp Cptl. 55XW Revision of Projections on Performance
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