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Sumitomo Chemical Co ( (JP:4005) ) just unveiled an announcement.
Sumitomo Chemical Co., Ltd. reported a share of loss of ¥17,513 million due to the poor financial performance of Rabigh Refining and Petrochemical Company, an equity-method affiliate. Additionally, the company recorded a foreign exchange gain of ¥15,232 million, attributed to fluctuations in foreign exchange rates impacting assets and liabilities in foreign currencies.
The most recent analyst rating on (JP:4005) stock is a Hold with a Yen510.00 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. operates in the chemical industry, providing a range of chemical products and services. The company is involved in various sectors, including petrochemicals, energy, and materials, with a focus on innovation and sustainability.
Average Trading Volume: 11,778,488
Technical Sentiment Signal: Buy
Current Market Cap: Yen742.7B
Learn more about 4005 stock on TipRanks’ Stock Analysis page.