Sumitomo Chemical : Reports Unrealized Losses on Securities as of March 31, 2021
May 13, 2021 at 04:12 am EDT
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For Immediate Release
May 13, 2021
Sumitomo Chemical Reports
Unrealized Losses on Securities as of March 31, 2021
Sumitomo Chemical has assessed its total unrealized losses on securities as of March 31, 2021, as shown below.
Assessed securities
(Millions of yen)
(A) Total unrealized losses on securities as of March 31,
23,563
2021 (consolidated)
(B) Consolidated net income attributable to owners of the
parent for the fiscal year ended March 31, 2020
30,926
(76.2%)
(A/Bx100)
Note: 1.
All of the "investment in affiliates" with market values that could be calculated
rationally, including securities listed on overseas financial markets, were
assessed.
2.
Book value of assessed securities
¥66,547 million
Market value of assessed securities
¥42,984 million
(Reference)
Unrealized gains on securities as well as the net unrealized gains as of March 31, 2021 are shown below.
(Millions of yen)
(C) Unrealized gains on securities as of March 31, 2021
118,579
(D) Net unrealized gains as of March 31, 2021 (C-A)
95,016
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Sumitomo Chemical Co. Ltd. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 08:11:08 UTC.
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. 
