IHS Chemical Week

Regions :: North Asia :: Japan

Sumitomo Cuts Earnings and Sales Forecasts; Adds PP Compounds in Asia, Mideast

8:46 AM MDT | April 7, 2008 | Ian Young and Deepti Ramesh

Sumitomo Chemical has revised its net profits projection for the fiscal year ended March 31, 2008 from ¥85 billion ($852 million), to ¥65 billion. The company also revised its operating profits forecast for the same period from ¥120 billion, to ¥100 billion and its sales forecast from ¥1.94 trillion, to ¥1.91 trillion. The reduction in Sumitomo’s operating profits forecast reflects “the higher costs of naphtha and other feedstocks that continued to rise as well as the steeply rising value of the yen, which have had a...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa