Sumitomo Seika Chemicals Company, Limited Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016
November 08, 2016 at 12:58 am IST
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Sumitomo Seika Chemicals Company, Limited reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of JPY 47,464 million against JPY 42,450 million a year ago. Operating income was JPY 5,237 million against JPY 3,245 million a year ago. Ordinary income was JPY 3,840 million against JPY 3,122 million a year ago. Net income attributable to owners of parent was JPY 2,380 million against JPY 2,105 million a year ago. Net income per share for the term was JPY 172.59 against JPY 152.66 a year ago. Shareholder return on equity for the term was 4.5% against 3.9% a year ago. Ordinary income growth over the same period of the previous fiscal year, affected by a loss on foreign currency which was brought about by an impact of yen's appreciation.
Sumitomo Seika Chemicals Company, Limited. is a Japan-based chemical company. The Company operates in three segments. The Chemical Product segment manufactures and sells industrial chemicals, medical products, functional products, water-soluble polymers and fine-grained polymers. The Water Absorbing Resin segment provides super water absorbing resins. The Gas and Engineering segment is engaged in the manufacture and sale of medical gas, chemical gas, standard gas, electronics gas and industrial chemicals, as well as the design, manufacture and sale of pressure swing absorption (PSA) of oxygen/nitrogen/hydrogen gas generators and general chemical engineering equipment, among others.
SUMITOMO SEIKA CHEMICALS COMPANY, LIMITED. 
