Sumitomo Chemical Company, Limited Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2025
May 15, 2024 at 11:30 am IST
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Sumitomo Chemical Company, Limited provided consolidated earnings guidance for the full year ending March 31, 2025. For the period, the company expects sales revenue of JPY 2,670,000 million, core operating income of JPY 100,000 million, operating income of JPY 70,000 million, net income attributable to owners of the parent of JPY 20,000 million or JPY 12.23 per basic share.
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%).