Sumitomo’s net sales for the first quarter ended 30 June 2015 were down 3.2% to JPY2 trillion (US$16.1bn) compared with JPY2.07 trillion in the same period year ago.

Operating income was up 50.7% to JPY69.2bn compared with JPY45.9bn. Profit before tax was up 57.3% to JPY109.2bn compared with JPY69.4bn. Profit for the period was up 59.6% to JPY85.2bn compared with JPY53.4bn in the year ago period.

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Forecast for fiscal year ending 31 March 2016

Net sales: JPY8.60 trillion

Profit before taxes: JPY290bn

Profit attributable to the owners: JPY230bn

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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Monumo’s Anser® platform has won the Innovation and Environmental awards by reinventing electric motor design with ultra fast, system level optimisation and lower environmental impact. Learn how Anser® is powering the next wave of sustainable automotive engineering.

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