OREANDA-NEWS. August 02, 2012. Consolidated business results for the first quarter of the consolidated fiscal year under review were as follows. Although the net sales was 341.9 billion yen (an increase of 35.0 billion yen compared with the consolidated results for the first quarter of FY2011), a decline in sales prices due to the deteriorating market conditions was unavoidable, reported the press-centre of Sumitomo Metal.

And such decline in sales prices, together with other factors including losses from inventory revaluation accompanying the fall in raw material prices, led to the operating losses of 11.2 billion yen (a decrease of 28.0 billion yen compared with the consolidated results for the first quarter of FY2011), the ordinary losses of 11.0 billion yen (a decrease of 30.1 billion yen compared with the consolidated results for the first quarter of FY2011), and the net losses of 20.0 billion yen (a decrease of 23.2 billion yen compared with the consolidated results for the first quarter of FY2011).

Full reports see here:
http://www.sumitomometals.co.jp/e/ir/library/pdf/settlement/2013-3-1st-results-e.pdf