Sumitomo Chemical Company, Limited Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2024
February 02, 2024 at 01:00 am EST
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Sumitomo Chemical Company, Limited revised consolidated earnings guidance for the Full Year Ending March 31, 2024 . The company now expects sales revenue of JPY 2,480,000 million, Operating loss of JPY 285,000 million and net loss Attributable to Owners of the Parent of JPY 245,000 million or JPY 149.82 against previous forecast of sales revenue JPY 2,700,000 million, Operating loss of JPY 125,000 million and net loss Attributable to Owners of the Parent of JPY 95,000 million or JPY 58.09.
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. 
