SUMITOMO CHEMICAL COMPANY,LIMITED [4005.T]
TOKYO, May 15 (Pulse News Wire) – Sumitomo Chemical Company,limited (4005.T) reported higher sales and profits for its subsidiary, Taiko Chemical Industry Co., Ltd., for the fiscal year ending March 31, 2026. Taiko Chemical's revenue increased to [NUM_7] million yen, up from [NUM_9] million yen in the previous fiscal year.
Operating profit rose to [NUM_8] million yen compared to [NUM_10] million yen last year. The company also saw improvements in ordinary profit and net income, reaching 1,877 million yen and 1,377 million yen respectively, compared to 1,727 million yen and 1,320 million yen in the prior year.
The growth was attributed to an increase in shipments of resin materials, which contributed to higher sales figures. As a result, operating profit, ordinary profit, and net income all exceeded the previous year’s performance.
The impact on Sumitomo Chemical's consolidated earnings forecast remains minor due to this positive development.
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