SUMITOMO CHEMICAL COMPANY,LIMITED [4005.T]
TOKYO, May 14 (Pulse News Wire) – Sumitomo Chemical Company,limited (4005.T) reported a foreign exchange gain of ¥12.87 billion for its fourth quarter ended March 31, 2026. The gain was primarily due to fluctuations in foreign exchange rates affecting the evaluation of the company's foreign-currency denominated assets and liabilities at the end of the reporting period.
In a statement, Executive Vice President and Corporate Communications Director Yamauchi Toru highlighted the impact of the foreign exchange movements on the company’s financial results. “We closely monitor our exposure to foreign exchange risks and adjust accordingly,” he said.
The reported foreign exchange gain has been reflected in the company’s earnings for the fiscal year ending March 31, 2026, which were detailed in the interim earnings release published today.
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