Sumitomo Light Metal Industries, Ltd. Expects Third Quarterly Extraordinary Profit for FY Ending March 2012; Amends FY 2012 Outlook and Year-end Dividend Outlook for FY 2012

Sumitomo Light Metal Industries, Ltd. announced that it expects to record JPY 1,178 million profit on sale of investment securities as extraordinary profit for the third quarter of fiscal year ending March 2012. Therefore, the Company reaffirmed its consolidated full-year outlook for revenue of JPY 255,000 million, but lowered its consolidated full-year outlook for operating profit from JPY 14,700 million to JPY 11,200 million, ordinary profit from JPY 12,500 million to JPY 8,200 million, net profit from JPY 11,000 million to JPY 6,500 million and earning per share from JPY 19.82 to JPY 11.71 for the fiscal year ending March 31, 2012. This is due to the decreased sale of supply chain and decreased demand of information technology related businesses, as well as the influence of the financial crisis and the flood damage. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 251.40 billion and net profit of JPY 9.00 billion. The Company also amended its year-end dividend outlook from an undetermined value to JPY 1.50 per share, for the same fiscal year.