Sumitomo Chem Co Ltd Ord (SOMMF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

To start, we will now begin the conference call for the presentation of financial results for fiscal year 2025, the third quarter. Thank you very much for your participation. Today, Mr. Yamaguchi, executive officer and general manager of accounting department, will give a briefing, and later, we will have a Q&A session. We will conclude the call at around 1650. Now, Mr. Yamaguchi, over to you. Thank you very much. This is Yamaguchi speaking. Thank you very much for attending the Sumitomo Chemical Conference call despite your busy schedule. I'd like to thank investors and analysts for your daily understanding and support to our management. Thank you very much for that. Now, let me start with a briefing of financial results for fiscal year 2025, third quarter. Before explaining the details of financial results, I would like to give a brief update on the status of profit and loss for the third quarter. Core operating income and net income attributable to owners of a parent for the third quarter significantly increased compared to the same period of the previous fiscal year. Cooperating income was driven by Sumitomo Farmer's strong sales and partial divestiture of the Asian business recorded their gains. Corporate income of essential green materials increased significantly year on year with a gain of a partial sale of shares in petro-rabic and better trade terms. Agro and life solutions, crop production, chemical business had solid performance. Net income attributed by the owners of a parent already exceeded the third quarter, the forecast announced in November. However, we anticipate that a record of losses from non-recurring items will be concentrated in the fourth quarter. Consolidated financial results of the third quarter of FY2025. Sales revenue was ¥1,706.3 billio...