Sumitomo Chemical Faces Major Forex Losses in Q2
Company Announcements

Sumitomo Chemical Faces Major Forex Losses in Q2

Sumitomo Chemical Co (JP:4005) has released an update.

Don't Miss out on Research Tools:

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.

Related Articles
TipRanks Auto-Generated NewsdeskSumitomo Chemical Reports Improved Q2 FY2024 Performance
TipRanks Japan Auto-Generated NewsdeskSumitomo Chemical Revises Financial Forecast for 2025
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App