sumitomo corp sm2012_q3

IR Supplemental Material

Consolidated Quarterly Financial Results for FY2012

(Nine-month period ended December 31, 2012)

・ Principal Subsidiaries and Associated Companies Contributing to

Consolidated Results p1

・ Supplemental materials by Segment (Performance Overview) p2-6

February 4, 2013

Sumitomo Corporation

Sumitomo Corporation

Unit: billion of yen (rounded to the nearest 100 million)

FY2012Apr.-Dec.

Results

FY2011Apr.-Dec.

Results

Metal Products

ERYNGIUM Ltd. *100.00 Manufacture, processing and distribution of speciality metals for OCTG market 3.4 2.8

SC Pipe Services Inc. 100.00 Investment in pipe manufacturing and sales company in the U.S. 1.9 2.0

Sumisho Metalex Corporation *100.00 Sale of non-ferrous metal products, materials for home heat solution 0.8 0.6

Asian Steel Company Ltd. 100.00 Shearing, slitting, and sale of steel plates in Southeast Asia 0.2 0.5

Transportation & Construction Systems

Sumitomo Mitsui Auto Service Company, Limited *1 46.00 Leasing of motor vehicles 3.0 5.5

P.T. Oto Multiartha 83.86 Financing of automobiles in Indonesia 2.5 1.5

P.T. Summit Oto Finance *99.56 Financing of motorcycles in Indonesia 1.1 0.4

Infrastructure

Perennial Power Holdings Inc. *100.00 Development, ownership and management of power plant in the U.S. 1.7 0.8

MobiCom Corporation 33.98 Integrated telecommunication service in Mongolia 1.3 1.2

Sumisho Machinery Trade Corporation *100.00 Trading of machinery, equipment and automobiles 0.9 0.7

Media, Network & Lifestyle Retail

Jupiter Telecommunications Co., Ltd. 40.46 Operation of multiple cable TV systems (MSO) and channels (MCO) 13.1 10.8

SCSK Corporation *2 50.83System Integration, IT infrastructure implementation, IT management, BPO, and IThardware software sales

7.1 4.4

Jupiter Shop Channel Co., Ltd. *3 50.00 Operation of TV shopping channel 6.9 9.2

Summit, Inc. *100.00 Supermarket chain 1.1 1.9

Mineral Resources, Energy, Chemical & Electronics

2 silver, zinc and lead business companies in Bolivia *100.00 Investment in silver, zinc, and lead mine operating, and ore concentrate salescompanies in Bolivia

8.1 16.3

Iron ore mining business in Brazil *- Iron ore mining business in Brazil 6.7 6.1

Oresteel Investments (Proprietary) Limited *4 *49.00 Investment in Assmang iron ore and manganese mine in South Africa 6.2 6.2

SC Minerals America, Inc. *100.00 Investment in the Morenci copper mine, the Pogo gold mine in the U.S. and theCandelaria & Ojos del Salado copper mines in Chile

3.1 4.0

Companies related to coal business in Australia *5 - Investment in coal mines in Australia 2.9 17.6

2 companies with oil field interests in the North Sea *-Development, production and sale of crude oil and natural gas in the British andNorwegian zones of the North Sea

2.8 2.5

SMM Cerro Verde Netherlands B.V. 20.00 Investment in the Cerro Verde copper mine in Peru 1.9 2.9

LNG Japan Corporation 50.00 Trading of LNG, investment and financing related to LNG business 1.5 1.3

Sumitomo Shoji Chemicals Co., Ltd. *100.00 Sale and trade of chemicals and plastics 0.9 1.0

SC Mineral Resources Pty. Ltd. *100.00 Investment in the Northparkes copper mine in Australia 0.8 0.8

Nusa Tenggara Mining Corporation 74.28 Investment in and financing of the Batu Hijau copper/gold mine project in Indonesia (0.2) 14.2

General Products & Real Estate

TBC Corporation *100.00 Retail and wholesale of tires in the U.S. 1.2 4.2

2 companies in the banana business *- Import and sale of fruits and vegetables (0.2) 2.1

New Industry Development & Cross-function

Sumitomo Mitsui Finance and Leasing Company,Limited

*40.00 Finance & Lease 12.1 9.4

Sumisho Aircraft Asset Management B.V. *100.00 Aircraft operating lease 0.1 0.3

Overseas

Sumitomo Corporation of America 100.00 Export, import, wholesale 20.1 23.7

Sumitomo Corporation Europe Holding Limited 100.00 Export, import, wholesale 6.0 6.5

Sumitomo Corporation Asia Pte. Ltd. 100.00 Export, import, wholesale 5.8 4.6

Total 9 subsidiaries in China 100.00 Export, import, wholesale 1.1 2.9

Sumitomo Australia Pty Ltd 100.00 Export, import, wholesale 0.3 1.0

Principal Subsidiaries and Associated Companies Contributing to Consolidated Results

Notes)

Shares inequity(as of

December 31, 2012)

(%)

Main Business

(*5) We established a sales company related to coal mining operation in Australia in March, 2012. (Our shares in equity: 25%) Equity in earnings of FY2012 Apr.-Dec. is a sum of Sumisho Coal Australia and the sales company.

(*) Shares in equity and equity in earnings for companies marked with an asterisk are the percentage shares and equity amounts company-wide including other segments.

(*1) At the end of February, 2012, we sold 20% of our shares in Sumitomo Mitsui Auto Service Company to Hitachi Capital Corporation, a parent company of Hitachi Capital Auto Lease Corporation based on business alliance and capital tie-up.

(*3) At the end of July, 2012, we sold 50% of our shares in Jupiter Shop Channel to Bain Capital Group.

Equity in earnings

(*4) As equity in earnings is consolidated semi-annually, the results show equity in earnings for the period of FY2012. Apr-Sep and FY2011. Apr-Sep respectively.

(*2) On October 1, 2011, Sumisho Computer Systems Corporation (SCS) and CSK Corporation was merged into newly established SCSK Corporation. The figures of FY2011 Apr.-Dec. Results is a sum of equity in earnings of SCS and CSK. The figures of SCSK are calculated by adding consolidation adjustments to the figures announced by SCSK Corporation.

1

Metal Products

【FY12 Apr-Dec Result：11.1 billion yen】 FY2011 FY2012 FY2012 Forecasts

Performance Overview

p y(3.1 billion yen decrease from FY11 Apr-Dec)

・Steel Sheets Overseas steel service center: decreased due to

(unit: billion of yen)

FY2011Apr-Dec

FY2012Apr-Dec

FY2012 Forecasts(As of May, 2012)

Gross profit 49.7 46.9 71.0

Operating profit 17.0 13.7 -

Share of profit ofOverseas steel service center: decreased due to Chinese economy slowdown and Europeansovereign debt issues

T b l P d t

investments accounted forusing the equity method

4.3 3.8 -

11.1

1Q:4.0 2Q:3.1 3Q:4.0

Mar, 2012

Profit for the periodattributable to owners of theparent

14.2 21.0

・Tubular ProductsNorth America: stable

【Results of major subsidiaries and associated companies】Company Equity in earnings of the segment

FY11 Apr-Dec FY12 Apr-Dec FY12 Forecasts

638.4Total assets 596.3 -

(shares in equity owned by the segment/ p p(As of February, 2013)

・SC Pipe Services： 2.0 1.9 2.4

・ERYNGIUM(30/100)： 0.8 1.0 1.3

・Sumisho Metalex(90/100)： 0.6 0.7 0.9

owned by whole company)：

【Business Outlook】

・Tubular Products in North America: Overall initially planned

・Asian Steel： 0.5 0.2 0.3

・Tubular Products in North America: Overall, initially planned

・Other Steel Products: Weaker than initial forecasts due to severe business environment

Transportation & Construction Systems

【FY12 Apr-Dec Result：27.4 billion yen】


FY2011 FY2012 FY2012 Forecasts

(1.5 billion yen increase from FY11 Apr-Dec)

・Automobile

Finance businesses in Indonesia: stableAuto parts manufacturing: stable


FY2011Apr-Dec

FY2012Apr-Dec


Gross profit 110.8 77.4 114.0


Share of profit ofAuto parts manufacturing: stable

・Construction equipment

Canada and Russia : strongChina: decreased


8.8 10.3 -

27.4

1Q:9.5 2Q:7.3 3Q:10.6

Mar, 2012

25.9 32.0Profit for the periodattributable to owners of theparent

Remeasurement gain on changing from an associatedcompany to an subsidiary

・Ships, aerospace and railway car

Decrease in operating profit due to sluggish ship market



900.8 927.8 -Total assets

(shares in equity owned by the segment/ owned by whole company)Decrease in operating profit due to sluggish ship market

Value realization through replacing ship in FY11.1Q(As of February, 2013)

・Sumitomo Mitsui Auto Service*1： 5.5 3.0 3.8

・Oto Murtiartha： 1.5 2.5 3.3

・SOF(89 56/99 56)： 0 4 1 0 1 4


【Investments in FY2012】

Acquired controlling interest of US construction equipment rental company Sunstate Equipment Co


Initially planned due to stable performance of automobile business in spite of anticipated

SOF(89.56/99.56)： 0.4 1.0 1.4

*1 At the end of Feb, 2012, sold 20% shares in SMAS. (previous share: 66%)

equipment rental company, Sunstate Equipment Co., LLC (December, 2012)

Initially planned due to stable performance of automobile business in spite of anticipated

temporary loss in 4Q

2

Infrastructure



FY2011 FY2012 FY2012 Forecastsp y(3.9 billion yen increase from FY11 Apr-Dec)

・IPP/IWPP businesses

Tanjung Jati B project: strong


FY2011Apr-Dec

FY2012Apr-Dec




Share of profit ofTanjung Jati B project: stronginvestments accounted forusing the equity method

3.6 3.2 -

9.3

1Q:1.5 2Q:3.2 3Q:4.6

Mar, 2012


5.5 15.0




【Investments and Replacements in FY2012】

・Participated in a wind power project in the U.S.(April 2012)

(shares in equity owned by the segment/ owned by whole company)： (As of February, 2013)

・MobiCom： 1.2 1.3 1.9・Perennial Power

Holdings(50.01/100)： 0.4 0.9 0.9・Sumisho Machinery

(April, 2012) ・Sold a thermal power plant business in the U.S.(August, 2012)

・Participated in a wind power project in South Africa(November 2012)



S ft th i iti l f t i l d t d l i j t

Sumisho MachineryTrade Corporation(55.5/100)： 0.4 0.5 0.5

(November, 2012)

Softer than initial forecasts mainly due to delay in projects

Media, Network & Lifestyle Retail



FY2011 FY2012 FY2012 Forecastsy(22.8 billion yen increase from FY11 Apr-Dec)

・Major group companies

J:COM SCSK Jupiter Shop Channel etc : stable

(unit: billion of yen)Apr-Dec Apr-Dec (As of May, 2012)

Gross profit 162.2 141.3 221.0


Share of profit ofJ:COM, SCSK, Jupiter Shop Channel, etc. : stable

・Others

Gain due to selling 50% shares in Jupiter Shop


14.3 14.6 -

51.7

1Q:5.0 2Q:37.5 3Q:9.2

Mar, 2012


29.0 40.0

954 7T t l tGain due to selling 50% shares in Jupiter Shop Channel

【Results of major subsidiaries and associated companies】Company： Equity in earnings of the segment


1,031.6 954.7 -Total assets

【Investments and Replacements in FY2012】(shares in equity owned by the segment/ owned by whole company)： (As of February, 2013)

・J:COM*1： 10.8 13.1 16.8・SCSK： 4.4 7.1 6.5 ・Jupiter Shop Channel*2： 9.2 6.9 7.9

・Summit(92 5/100)： 1 7 1 0 1 2

【Investments and Replacements in FY2012】

・Sold 50% shares in Jupiter Shop Channel(July, 2012)



Stronger than initial forecasts Gain due to selling shares in Jupiter Shop Channel surpassed our initial

*1 shares in equity of the segment in FY11.3Q： 40.11%, FY12.3Q: 40.46%*2 At the end of July, 2012, we sold 50% of the shares in Jupiter Shop Channel (previous share: 99.5%)

・Summit(92.5/100)： 1.7 1.0 1.2

Stronger than initial forecasts. Gain due to selling shares in Jupiter Shop Channel surpassed our initial

forecast and major group companies show stable performances.

3




FY2011Apr-Dec

FY2012Apr-Dec

FY2012 Forecasts(As of May, 2012)【 p y 】

(49.9 billion yen decrease from FY11 Apr-Dec)

・San Cristobal silver-zinc-lead mining operationdecline in prices and sales volume

(unit: billion of yen)Apr Dec Apr Dec ( y, )

Gross profit 97.5 55.5 108.0


Share of profit ofinvestments accounted forusing the equity method

28.9 21.3 -

32 0Profit for the period

・Coal mining operation in Australiadecline in prices

・Copper businesses：reversal of deferred tax liability

resulted from business reorganization in FY11 1Q【Results of major subsidiaries and associated companies】Company Equity in earnings of the segment

32.0

1Q:12.9 2Q:9.3 3Q:9.8

Mar, 2012

1,171.3

attributable to owners of theparent

81.9 58.0

Total assets 1,222.1 -

resulted from business reorganization in FY11.1Q, production volume declined


p y q y g gFY11 Apr-Dec FY12 Apr-Dec FY12 Forecasts

(As of February, 2013)

・Silver, zinc and lead business in Bolivia(93/100)： 15.2 7.5 11.2・Iron Ore Mining Business in Brazil： 5.9 6.5 6.7・Oresteel Investments(45/49)： 5.7 5.7 7.6*1

・Companies related to Coal business in Australia： 17 6 2 9 1 2

(shares in equity owned by the segment/ owned by whole company)：


・Acquired coal mining interest in Australia(July, 2012)

・Joined tight oil development project in the U.S.(S 2012)

Companies related to Coal business in Australia： 17.6 2.9 1.2・SC Minerals America(84.75/100)： 3.4 2.7 3.7・Oil fields interests in the North Sea： 2.3 2.5 2.7・SMM Cerro Verde Netherlands： 2.9 1.9 2.5・LNG Japan： 1.3 1.5 3.5・Sumitomo Shoji Chemicals(75/100)： 0.8 0.7 0.9SC Mi l R (70/100)*2 0 8 0 5 0 7


(Sep, 2012) ・SC Mineral Resources(70/100)*2： 0.8 0.5 0.7・Nusa Tenggara Mining： 14.2 -0.2 -0.7

*1 As of October, 2012.*2 shares in equity of the segment in FY11.3Q：100/100

Weaker than initial forecasts due to decline in market prices and sales volume


[Mineral Resources Equity Share of Production and Sensitivity to Net Income]

FY11 FY12 Sensitivity to net incomeFY11

Resultsincome

(annual base/excluding prices hedge)1Q Results 2Q Results 3Q Results Forecasts

Equity share of shipping volume 〔mil t〕 2.2 0.6 0.4 0.8 2.6* ¥130 mil

Coking coal¥130 mil

($1/t)Prices〔$/t〕 291 210 225 170 193

Thermal coal

Equity share of shipping volume 〔mil t〕 2.0 0.5 0.6 0.6 2.2* ¥100 mil

($1/t)($1/t)Prices〔$/t〕 125 115 95 97 113

Iron ore Equity share of shipping volume 〔mil t〕

3.8 0.5 1.9 0.3 4.2¥230 mil

($1/t)MUSA 1.7 0.5 0.5 0.3 1.8

($1/t)Prices〔$/t〕 162 144 131 136 132

Manganese ore

Equity share of shipping volume 〔mil t〕

0.5 - 0.2 - 0.5 ¥30 mil

($1/t)Prices〔$/t〕 247 - 237 - 233Prices〔$/t〕 247 237 233

Copper Equity share of production 〔Kt〕

54 11 11 10 42¥230 mil

($100/t)Batu Hijau 23 4 3 4 13

Prices〔$/t〕 8,813 8,327 7,872 7,705 7,953Prices〔$/t〕 8,813 8,327 7,872 7,705 7,953

Note) Prices are general market price.

The shipping volume of Iron ore and manganese of Oresteel Investments are written semiannually (in second and fourth quarter).

* Includes equity share of shipping volume of Issac Plains, which we acquired in July, 2012. (Coking 0.3 mil t, Thermal 0.2 mil t)

4


[Mineral Resources Equity Share of Production and Sensitivity to Net Income]

FY12 Sensitivity to net FY11

Results

FY12 yincome

(annual base/excluding prices hedge)1Q Results 2Q Results 3Q Results Forecasts

Equity share of production

Silver

Equity share of production

〔t（mil oz）〕302(9.7) 68(2.2) 53(1.7) 81(2.6) 292(9.4) ¥470 mil

($1/oz)Prices〔$/oz〕 35.2 32.6 29.4 29.8 31.1

Equity share of production 〔〕 189 39 36 45 165 ¥670 il

Zinc〔Kt〕 189 39 36 45 165 ¥670 mil

($100/t)Prices〔$/t〕 2,191 2,025 1,928 1,885 1,946

d

Equity share of production 〔Kt〕

75 13 13 16 56¥310 mil

Lead〔〕 3 0

($100/t)Prices〔$/t〕 2,399 2,093 1,974 1,975 2,060

Crude oil, Equity share of production

〔mil bbl〕3.3 0.7 0.5 0.5 2.4

¥40 milgas ($1/bbl)

Prices〔$/bbl〕 112 118 108 110 112

LNG Equity share of production 〔Kt〕

290 90 90 50 320 -

Note) Prices are general market price.

General Products & Real Estate



FY2011 FY2012 FY2012 Forecastsp y(3.5 billion yen decrease from FY11 Apr-Dec)

・Food

Banana business: decreased due to damageby typhoon in the Philippines


0Apr-Dec

0Apr-Dec

0 o ecas s(As of May, 2012)

Gross profit 74.4 69.6 108.0


Share of profit ofby typhoon in the Philippines

・Materials & Supplies

TBC: decrease in tire unit sales and service sales


3.8 1.9 -

9.7

1Q:4.1 2Q:2.7 3Q:2.9

Mar, 2012


13.2 22.0

・Construction & Real EstateCondominium delivery: decreased




・Acquired Midas, an auto repair and service company in the U.S. (April, 2012)

・Acquired an Australian Frozen Dough Business

p y q y g g

FY11 Apr-Dec FY12 Apr-Dec FY12 Forecasts(As of February, 2013)

・TBC(40/100)： 1.7 0.5 0.4

・Banana business： 1.9 -0.1 -0.3


q g(August, 2012)


Weaker than initial forecasts due to impact on banana business by typhoon and sluggish TBC performanceWeaker than initial forecasts due to impact on banana business by typhoon and sluggish TBC performance

in spite of anticipated increase in condominium delivery in 4Q

5

New Industry Development & Cross-function



FY2011 FY2012 FY2012 Forecastsp y(1.4 billion yen decrease from FY11 Apr-Dec) (unit: billion of yen)

FY2011Apr-Dec

FY2012Apr-Dec



Operating profit 1.0 -0.7 -

Share of profit of

・Sumitomo Mitsui Finance & Leasing

existing business: stableinvestments accounted forusing the equity method

8.4 11.5 -

10.5

1Q:3.1 2Q:3.5 3Q:3.9

Mar, 2012


11.9 13.0

newly acquired aircraft leasing business:contributed to the results

・Others




549.7 551.9 -Total assets・Others

gain regarding IPO of an invested company in FY11.1Q

(shares in equity owned by the segment/【Investments in FY2012】・Together with Sumitomo Mitsui Financial Group, acquired an aircraft leasing business (June, 2012)

・Participated in a solar power project in the U.S.

FY11 Apr Dec FY12 Apr Dec FY12 Forecasts(As of February, 2013)

・Sumitomo Mitsui Finance and Leasing(35/40)： 8.2 10.6 12.1

・Sumisho Aircraft



Initially planned due to stable performance of Sumitomo Mitsui Finance and Leasing

(Sep, 2012) Asset Management(95/100)： 0.3 0.0 0.3

Initially planned due to stable performance of Sumitomo Mitsui Finance and Leasing

Overseas Subsidiaries and Branches



FY2011 FY2012 FY2012 Forecastsp y(3.8 billion yen decrease from FY11 Apr-Dec)

America： 20.1 billion yen(3.6 billion yen decrease)

Europe: 6.0 billion yen(0.5 billion yen decrease)

(unit: billion of yen)Apr-Dec Apr-Dec (As of May, 2012)

Gross profit 137.4 131.4 187.0


Share of profit ofinvestments accounted for 10.5 8.3 -p y ( y )

Asia： 5.8 billion yen(1.2 billion yen increase)

China： 1.1 billion yen(1.7 billion yen decrease)

Australia： 0.3 billion yen(0.7 billion yen decrease)

using the equity method10.5 8.3

37.5

1Q:15.9 2Q:10.7 3Q:10.8

Mar, 2012

1,152.0


41.3 52.0

Total assets 1,354.7 -

・America:

TBC: decrease in tire unit sales and service sales

【Results of major subsidiaries and associated companies】Company： Equity in earnings of the segment

FY11 Apr-Dec FY12 Apr-Dec FY12 Forecasts(As of February, 2013)

・ERYNGIUM(70/100)： 2.0 2.4 2.9Perennial Power Holdings(49 99/100) 0 4 0 8 1 0


・China:

metal products business, etc.: decelerated

・Perennial Power Holdings(49.99/100)： 0.4 0.8 1.0・TBC(60/100)： 2.5 0.7 0.7・Oresteel Investments(4/49)： 0.5 0.5 0.7*1

・Silver, zinc and lead business in Bolivia(7/100)： 1.1 0.6 0.8・SC Minerals America(15.25/100)： 0.6 0.4 0.7・SOF(10/99.56)： 0.0 0.1 0.2

・Sumisho Aircraft Asset Management(5/100)： 0.0 0.0 0.0

(shares in equity owned by the overseas subsidiary/ owned by whole company)*1 shares in equity of FY10：0/100 *2 In Dec 2011 sold 34 41% share of the overseas segment


Weaker than initial forecasts mainly due to impact of the economic slowdown in Europe and China and

*1 As of October, 2012

2 In Dec, 2011, sold 34.41% share of the overseas segment. Weaker than initial forecasts mainly due to impact of the economic slowdown in Europe and China and

sluggish tire business in the US

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sumitomo corp sm2012_q3

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