Sumitomo Chemical raised its consolidated earnings forecast for the fiscal year ending March 2027, forecasting core operating income of ¥270 billion. Sales of semiconductor process materials have been strong, prompting the company to raise its outlook for revenue and each profit line.
Sumitomo Chemical announced that it had revised its consolidated earnings forecast for the fiscal year ending March 2027 upward from the figures announced in May.
The company forecasts core operating income of ¥270 billion and has also raised its outlook for revenue and other profit metrics.
The revision reflects strong sales of semiconductor process materials, with overall earnings power expected to improve.