Sumitomo Seika Chemicals Reports Robust Q1 Growth

Sumitomo Seika Chemicals Co., Ltd. (JP:4008) has released an update.

Sumitomo Seika Chemicals Co., Ltd. has reported a strong start to the fiscal year 2024 with significant growth in financial performance for Q1: net sales increased by 8.2%, operating income surged by 163.6%, and net income attributable to owners jumped by 246.8% compared to the same period last year. The company saw notable improvements in its Super Absorbent Polymers and Functional Materials segments, attributed to favorable foreign exchange rates and market dynamics, despite a decrease in other business areas. The full-year financial forecast remains unchanged from previous announcements.

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