Sumitomo Chemical Co., Ltd. TSE:4005

Sumitomo Chemical : Notice Concerning Variances between the Non-consolidated Financial Results in a Consolidated Subsidiary (Taoka Chemical Co., Ltd.) for Fiscal Year 2025 and 2024

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Source: MarketScreener

Notice Concerning Variances between the Non-consolidated Financial Results in a Consolidated Subsidiary (Taoka Chemical Co., Ltd.) for Fiscal Year 2025 and 2024

Sumitomo Chemical announces that there were variances between the non-consolidated financial results for the fiscal year ending March 31, 2026 (FY2025), and the fiscal year ending March 31, 2025 (FY2024), in its consolidated subsidiary, Taoka Chemical Co., Ltd.

The impact of this matter on the Company's consolidated financial forecast is immaterial.

Taoka Chemical Co., Ltd. (TSE Standard Market: 4113)

The non-consolidated financial results for FY2025 and FY2024

(Millions of yen)

Net sales

Operating income

Ordinary income

Net income

FY2025 (A)

30,280

1,808

1,877

1,377

FY2024 (B)

26,836

1,608

1,727

1,320

Variance in amount (A-B)

3,444

200

150

57

Variance in percentage (%)

12.8%

12.4%

8.7%

4.4%

Reason for the Variance

Since sales revenue for FY2025 increased due to higher sales of resin raw materials, FY2025 financial results exceeded the FY2024 financial results. Operating income, ordinary income, and net income for FY2025 also exceeded the FY2024 financial results.