Thu Apr 14, 2011 7:15am GMT
TOKYO, April 14 (Reuters) - Japanese steelmaker Sumitomo Metal Industry said on Thursday that it would take a 60 billion yen ($715 million)charge for the year that ended on March 31 related to last month's devastating earthquake and tsunami.
The steelmaker added that it had not yet decided on its year-end dividend payout for the 2010/11 business year.
It said a reduction of output at its Kashima steel works following the disaster would cut its group profit for 2010/11 by about 2 billion yen. ($1 = 83.890 Japanese Yen) (Reporting by Yuko Inoue; Editing by Nathan Layne, sourced Thomson Reuters)
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