Sumitomo Chemical's share price jumped more than 7 percent from the previous day on August 21, reaching 560 yen, its highest level in the past month. First-quarter operating profit for fiscal 2027 swelled to 61 billion yen, 2.4 times the same period a year earlier, while profit attributable to owners of the parent swung to a profit of 40.7 billion yen. Progress against full-year forecasts reached 34.5 percent for operating profit and 58.1 percent for net profit. Meanwhile, the equity ratio stands at 29.6 percent, less than half the chemical industry median of 64.4 percent, and some analysts point out that financial leverage is amplifying the swings in the share price.
Sumitomo Chemical Co., Ltd.First-quarter operating profit up 2.4 times and swing to net profit, beating forecasts.
