Sumitomo Bakelite revised its consolidated net profit forecast for the current fiscal year upward from ¥28.5 billion to ¥35 billion. Against a backdrop of stronger-than-expected demand for semiconductor materials, it indicated that net profit is expected to increase by approximately 25% year on year.
Sumitomo Bakelite announced on the 30th that it had revised its consolidated net profit forecast for the fiscal year ending March 2027 upward from the previous forecast of ¥28.5 billion to ¥35 billion.
The new forecast reflects an expected contribution from stronger-than-expected demand for semiconductor materials, with net profit expected to increase by approximately 25% year on year.
The company is reported to be using calculations based on International Financial Reporting Standards for its full-year outlook for the current fiscal year.