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Sumitomo Chemical Co ( (JP:4005) ) just unveiled an announcement.
Sumitomo Chemical Co., Ltd. has announced the transfer of a portion of its shares in Sumitomo Bakelite Co., Ltd., as part of its strategy to improve financial performance and resource efficiency. This transaction is expected to yield an extraordinary income gain of approximately 17.7 billion yen in its non-consolidated financial statements for the fourth quarter, although it will not affect the consolidated financial results.
More about Sumitomo Chemical Co
Sumitomo Chemical Co., Ltd. operates in the chemical industry, providing a range of chemical products and services. The company focuses on innovation and sustainability, aiming to enhance value and meet the diverse needs of its global customer base.
YTD Price Performance: -0.68%
Average Trading Volume: 7,517
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.53B
See more data about 4005 stock on TipRanks’ Stock Analysis page.
