Sumitomo Chemical Co (JP:4005) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Sumitomo Chemical Co., Ltd. reported significant foreign exchange losses in its second quarter for FY2024, with a total loss of ¥70,518 million in its consolidated financial statements and ¥18,987 million in non-consolidated statements. These losses were primarily due to fluctuations in foreign exchange rates affecting the valuation of foreign currency-denominated assets and liabilities.
For further insights into JP:4005 stock, check out TipRanks’ Stock Analysis page.
