IHS Chemical Week

Regions :: North Asia :: Japan

Sumitomo Swings to Loss; Downgrades Earnings Projection

12:09 AM MDT | July 29, 2011 | Deepti Ramesh

Sumitomo Chemical recorded a net loss of ¥9.8 billion ($126 million) for its fiscal first quarter ended June 30, 2011, compared with a net profit of ¥18 billion in the corresponding period of the previous fiscal year. Sales increased 2%, to ¥502 billion. The net loss in the quarter was the result of “an extraordinary loss of ¥29 billion from a one-time amortization of goodwill related to an investment in an affiliate, the fair value of which has significantly declined,” Sumitomo says. Sumitomo’s petrochemicals and plastics...

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