Sales in the Agricultural Chemicals segment increased by JPY 4.9 billion over the same period last year to JPY 95.3 billion. Feed additives saw an increase in sales owing to increases in selling prices reflecting a sharp rise in the price of raw materials, and active marketing drives. Production capacity expansion contributed to an increase in OLYSET(R)NET shipments. Sales of agrochemicals declined because of weak demand in the Japanese market, while overseas sales of herbicides remained firm thanks to solid shipments.
Total operating income increased by JPY 11.6 billion to JPY 68.2 billion. Operating income in the Basic Chemicals segment remained flat at JPY 5.9 billion, while in the Petrochemicals & Plastics segment it decreased by JPY 1.4 billion year on year to JPY 7.4 billion, both segments showing the effect of rising prices for raw materials.
Operating income in the Fine Chemicals segment increased JPY 2.6 billion to JPY 7.3 billion thanks to favorable sales, but In the IT-related Chemicals segment, it declined year on year by JPY 2.5 billion to JPY 6.3 billion because of decreasing selling prices.
In the Agricultural Chemicals segment, operating income increased by JPY 3.9 billion to JPY 12.2 billion, and in the Pharmaceuticals segment it increased by JPY 2.0 billion to JPY 3.4 billion.
Net income increased by JPY 13.9 billion to JPY 53.3 billion due mainly to an extraordinary gain on sale of investment securities, includingshares of GlaxoSmithKline K.K., in addition to the growth of operating income.
The Company plans to pay an interim dividend of JPY 5,000 per 1,000 shares.
Sumitomo Chemical Company Limited
marketing@alchempro.com
