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Sumitomo Chemical Co ( (JP:4005) ) has provided an update.
Sumitomo Chemical Co., Ltd. reported that an extraordinary loss previously booked on a write-down of its investment in Class A ordinary shares of Rabigh Refining and Petrochemical Company in the third quarter of FY2025 has been reversed in its non-consolidated financial statements for the fourth quarter, following a recovery in the market price of those shares. The reversal, amounting to 13,361 million yen as a gain, is fully eliminated at the consolidated level, meaning it has no effect on the company’s consolidated earnings or overall group financial performance.
The company uses a reversal method for quarterly securities valuation and notes that its fiscal year ends on March 31, indicating that the fluctuation in Rabigh’s share price affected only the timing and presentation of non-consolidated results within FY2025. Stakeholders in the broader Sumitomo Chemical Group are therefore insulated from this volatility in affiliate valuation at the consolidated level, underscoring that the impact is limited to the parent company’s standalone accounts rather than its group-wide financial health.
The most recent analyst rating on (JP:4005) stock is a Hold with a Yen520.00 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 chemicals manufacturer with diversified operations spanning petrochemicals, energy-related materials, and advanced chemical products for global industrial customers. The company plays a key role in supplying feedstocks and specialty materials to sectors such as refining, petrochemicals, and manufacturing, and maintains both consolidated and non-consolidated financial reporting structures.
Average Trading Volume: 14,345,403
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen857B
For an in-depth examination of 4005 stock, go to TipRanks’ Overview page.