Sumitomo Chemical Company, Limited announced impairment losses for the fourth quarter of fiscal year 2023. For the period, the company reported the impairment loss totaling 180,857 million yen will be recorded. the carrying amount of the Essential Chemicals & Plastics production facilities and common facilities at Chiba Works will be written down to its value in use of ¥9,036 million and ¥5,152 million respectively, and an impairment loss of ¥25,381 million will be posted.

In the non-consolidated financial statements, ¥21,629 million of an impairment loss will be recorded as "Extraordinary losses." the carrying amount of methacrylate production facilities was written down to its value in use of ¥15,822 million, and an impairment loss of ¥14,891 million will be posted. In the non- consolidated financial statements, ¥11,498 million of an impairment loss will be recorded as "Extraordinary losses".