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Sumitomo Chemical updates business plan

12:14 AM MST | February 12, 2013 | Deepti Ramesh

Sumitomo Chemical today announced strategies for growth over the next three years, which includes a business plan for until the fiscal year ending 31 March 2016. Sumitomo, based on the updated business plan, aims to record sales of ¥2.4 trillion ($25.5 billion), net profits of ¥90 billion, and operating profits of ¥140 billion in the fiscal year ending 31 March 2016. Sumitomo expects to report sales of ¥1.97 trillion, a net loss of ¥50.0 billion, and operating profits of ¥50.0 billion in the fiscal year ending 31 March 2013. Under the new...

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