Sumitomo Chemical Co (JP:4005) has released an update.
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Sumitomo Chemical Co., Ltd. reported significant foreign exchange losses in its second quarter for FY2024, with a total loss of ¥70,518 million in its consolidated financial statements and ¥18,987 million in non-consolidated statements. These losses were primarily due to fluctuations in foreign exchange rates affecting the valuation of foreign currency-denominated assets and liabilities.
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