Sumitomo Chemical Company, Limited Revises Earnings Guidance for the Half Year Ended September 30, 2023
October 27, 2023 at 02:00 am EDT
Share
Sumitomo Chemical Company, Limited revises earnings guidance for the half year ended September 30, 2023. The company now expects sales revenue of JPY 1,187,000 million, Operating loss of JPY 134,000 million and net loss Attributable to Owners of the Parent of JPY 76,000 million or JPY 46.48 against previous forecast of sales revenue JPY 1,370,000 million, Operating loss of JPY 45,000 million and net loss Attributable to Owners of the Parent of JPY 30,000 million or JPY 18.35.
Sumitomo Chemical Co Ltd is one of the Japanese largest chemical groups. The group is also manufacturing and marketing pharmaceutical products. Net sales break down by family of products as follows:
- petrochemical and plastic products (25.8%): ethylene, polyethylene, propylene, elastomers, agricultural films, etc.;
- pharmaceutical products (23.9%): ethic drugs, radiopharmaceutical products, etc.;
- telecommunication chemical products (18.9%): optic films, pigments, filters, etc.;
- agrochemical and fine chemistryproducts (18.5%): insecticides, herbicides, fertilizers, food additives, etc.;
- functional chemical products (10.7%): methanol, caustic soda, aluminum hydroxide, alumina, nitric acid, acrylonitrile, active pharmaceutical ingredients, polymeric additives, resorcine, colorants, etc.;
- other (2.2%).
Net sales break down geographically as follows: Japan (31.7%), China (19.2%), Asia (19.5%), North America (17.7%), Europe (4.2%) and other (7.7%).
SUMITOMO CHEMICAL CO., LTD. 
