Sumitomo Dainippon Pharma Co (JP:4506) has released an update.
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Sumitomo Pharma Co., Ltd. reported a significant finance income gain of 21,528 million yen for the first quarter of the fiscal year due to favorable foreign exchange rates. The gain primarily stemmed from the revaluation of foreign currency liabilities by its overseas subsidiaries. While the impact of this income on the company’s overall financial results is detailed in their latest financial summary, future forecasts remain unchanged due to potential currency rate fluctuations.
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