Sumitomo Chemical Books ¥13.3 Billion Extraordinary Loss on Rabigh Share Write-Down

Sumitomo Chemical Co ( (JP:4005) ) has provided an update.

Sumitomo Chemical will book an extraordinary loss of ¥13.36 billion in its non-consolidated results for the third quarter of FY2025 due to a write-down of its investment in Class A ordinary shares of Rabigh Refining and Petrochemical Company, following a substantial decline in the market price of those shares. The loss, calculated under the company’s reversal-based quarterly securities valuation method, may change depending on fourth-quarter market prices but will be fully eliminated at the consolidated level, meaning it will not affect Sumitomo Chemical’s consolidated financial performance, limiting direct impact on group-wide earnings and stakeholders focused on consolidated results.

The most recent analyst rating on (JP:4005) stock is a Hold with a Yen545.00 price target. To see the full list of analyst forecasts on Sumitomo Chemical Co stock, see the JP:4005 Stock Forecast page.

More about Sumitomo Chemical Co

Sumitomo Chemical Co., Ltd. is a major Japanese chemical manufacturer engaged in a broad range of businesses, including petrochemicals and related materials, with significant equity holdings in affiliated companies across the refining and petrochemical sectors.

Average Trading Volume: 10,606,650

Technical Sentiment Signal: Buy

Current Market Cap: Yen769.6B

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