Sumitomo Chemical Company, Limited
Sumitomo Chemical’s Foreign Exchange Gain Recognition|2026-05-14
Sumitomo Chemical announced that it recorded a foreign exchange gain of 12,870 million yen in the fourth quarter of the fiscal year ending March 2026, which was reflected in its performance.
Key Figures
- Financial Income (Foreign Exchange Gain): 12,870 million yen
- Reporting Period: Fourth quarter of the fiscal year ending March 2026
- Exchange Rate (JPY/USD): 0.006338340622425049
AI要約
Performance Overview
In the fourth quarter of the fiscal year ending March 2026, Sumitomo Chemical announced that due to fluctuations in the foreign exchange market, it revalued its foreign currency assets and liabilities, and recorded a financial income (foreign exchange gain) of 12,870 million yen. This foreign exchange gain mainly resulted from exchange rate fluctuations and is reflected in the consolidated financial summary.
Outlook and Impact
The recognition of the foreign exchange gain is considered part of the company’s risk management against currency fluctuations, but future exchange rate movements could impact performance. The foreign exchange gain is a temporary factor, and its impact on performance is expected to vary depending on future currency rate fluctuations.
Sumitomo Chemical Company, Limited
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