TOKYO, August 9, 2024-

Sumitomo Seika Chemicals posted its financial results for the three months ended June 30, 2024. Net sales posted 36.896 billion yen ($0.25 billion), an increase of 8.2% compared with the same period in the previous fiscal year. Operating income grew by 163.6% to 2.911 billion yen. Ordinary income recorded 3.553 billion yen, 179.5% higher than the same period in the previous fiscal year. Net income attributable to owners of the parent rose by 246.8% to 2.521 billion yen.

During the period under review, net sales of the SAP business segment increased by 10.2% to 28.391 billion yen. Operating income surged 104.9% to 2.111 billion yen. According to the company, this was due chiefly to favorable impacts of changes in foreign exchange rates and increased sales volume in the Chinese market.

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