Sumitomo Chemical Company, Limited Provides Dividend Guidance for the Year Ending March 31, 2023
March 06, 2023 at 08:00 pm EST
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Sumitomo Chemical Company, Limited provided dividend guidance for the year ending March 31, 2023. The year-end dividend forecast, which was pending in the previous announcement, will regrettably be ¥6 per share, in light of the consolidated financial forecast for the full year ending March 31, 2023, announced on February 1, 2023, and projected trends for the next fiscal year and beyond based on the dividend policy above. As a result, the annual dividend will be ¥18 per share.
Sumitomo Chemical Co Ltd is one of the Japanese largest chemical groups. The group is also manufacturing and marketing pharmaceutical products. Net sales break down by family of products as follows:
- petrochemical and plastic products (25.8%): ethylene, polyethylene, propylene, elastomers, agricultural films, etc.;
- pharmaceutical products (23.9%): ethic drugs, radiopharmaceutical products, etc.;
- telecommunication chemical products (18.9%): optic films, pigments, filters, etc.;
- agrochemical and fine chemistryproducts (18.5%): insecticides, herbicides, fertilizers, food additives, etc.;
- functional chemical products (10.7%): methanol, caustic soda, aluminum hydroxide, alumina, nitric acid, acrylonitrile, active pharmaceutical ingredients, polymeric additives, resorcine, colorants, etc.;
- other (2.2%).
Net sales break down geographically as follows: Japan (31.7%), China (19.2%), Asia (19.5%), North America (17.7%), Europe (4.2%) and other (7.7%).
SUMITOMO CHEMICAL CO., LTD. 
