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Sumitomo Chemical Co ( (JP:4005) ) has issued an announcement.
Sumitomo Chemical Co., Ltd. reported a ¥15,873 million share of loss from investments accounted for using the equity method in the third quarter of FY2025, primarily stemming from a deterioration in the financial performance of its equity-method affiliate Rabigh Refining and Petrochemical Company. The company indicated that the impact of this loss on its overall operating results is reflected in its consolidated financial disclosures for the third quarter, highlighting the ongoing earnings sensitivity of Sumitomo Chemical to the performance of its overseas petrochemical affiliates.
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 operating across petrochemicals and related chemical businesses, supplying materials and products to a wide range of industrial sectors in global markets.
Average Trading Volume: 10,606,650
Technical Sentiment Signal: Buy
Current Market Cap: Yen769.6B
See more insights into 4005 stock on TipRanks’ Stock Analysis page.