Sumitomo Chemical Company, Limited Reports Consolidated Financial Results for the Half-Year Ended September 30, 2021
October 27, 2021 at 02:00 am EDT
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Sumitomo Chemical Company, Limited reported consolidated financial results For the half-year ended September 30, 2021. For the period the company reported sales revenue of ?1,325,210 million compared to ?1,046,771 million a year ago. Operating income was ?144,272 million compared to ?50,188 million a year ago. Net income was ?107,810 million compared to ?14,270 million a year ago.
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%).