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Sumitomo Chemical Co Ltd (4005.T)

4005.T on Tokyo Stock Exchange

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11,079,000
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¥615
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¥396

Latest Key Developments (Source: Significant Developments)

Sumitomo Dainippon Pharma to buy Tolero Pharmaceuticals via unit
Wednesday, 21 Dec 2016 02:45am EST 

Sumitomo Dainippon Pharma Co Ltd <4506.T> :Says co plans to fully acquire 100 percent stake in Tolero Pharmaceuticals, Inc via co's US-based unit, at up to $780 million (advisory fees excluded), in Feb. 2017.  Full Article

Sumitomo Dainippon Pharma plans merger between units
Tuesday, 20 Dec 2016 11:55pm EST 

Sumitomo Dainippon Pharma Co Ltd <4506.T> : Says co's wholly owned unit Boston Biomedical, Inc will merge with co's another US-based unit Boston Biomedical Pharma, Inc, on April 1, 2017 .Says Boston Biomedical Pharma, Inc will be dissolved after the transaction.  Full Article

Sumitomo Chemical and Zeon announce S-SBR business integration and to set up JV
Friday, 2 Dec 2016 01:20am EST 

Sumitomo Chemical <4005.T> and Zeon <4205.T>: Announces integration of S-SBR business . The two company will set up a JV in Tokyo on Dec. 8 . They will transfer their S-SBR business to the JV . The JV will be engaged in purchase, sale, R & D, manufacturing and processing of synthetic rubber .Zeon will hold 60 percent and Sumitomo Chemical will hold 40 percent stake in the JV.  Full Article

Excel Crop Care becomes unit of Japan's Sumitomo Chemical Co Ltd
Friday, 7 Oct 2016 08:31am EDT 

Excel Crop Care: Sumitomo Chemical Co Ltd, Japan now promotoers of co holding 44.98 percent of co's paid up share capital . Shroff Family cease to be promoter of the co with immediate effect . Dipesh Shroff resigned as managing director; Chetan Shah appointed as MD with immediate effect .Co becomes unit of Sumitomo Chemical Co Ltd, Japan.  Full Article

Tanaka Chemical plans private placement to Sumitomo Chemical Co Ltd; shareholding structure changes
Wednesday, 31 Aug 2016 02:42am EDT 

Tanaka Chemical Corp <4080.T> : Says it plans to issue 10.5 million new shares via private placement to Sumitomo Chemical Co Ltd <4005.T>, to raise 6.57 billion yuan in total on Oct. 31 .Says Sumitomo Chemical Co Ltd, co's current top shareholder to raise stake in co to 50.10 percent up from 14.82 percent, and will still be the top shareholder after private placement.  Full Article

Monsanto and Sumitomo Chemical enter global crop protection collaboration for next generation PPO technologies
Monday, 27 Jun 2016 04:30pm EDT 

Monsanto Co : Monsanto and Sumitomo Chemical enter new global crop protection collaboration for next generation PPO technologies . Under agreement, Monsanto and Sumitomo Chemical will work together and in parallel to create integrated system of germplasm, biotechnology and crop protection . New generation PPO herbicide is expected to be available within brands offered by both companies . Next-generation herbicide is expected to be commercially available early in next decade, pending regulatory approvals .Additional details of agreement were not disclosed.  Full Article

Sumitomo Chemical amends consolidated mid-year outlook for FY 2016
Wednesday, 21 Oct 2015 04:00am EDT 

Sumitomo Chemical Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 1,075,000 mln yen from 1,100,000 mln yen for the fiscal year ending March 2016.Operating profit forecast increased to 74,000 mln yen from 62,000 mln yen.Ordinary profit forecast increased to 100,000 mln yen from 70,000 mln yen.Net profit forecast increased to 60,000 mln yen from 38,000 mln yen.Earnings per share increased to 36.71 yen from 23.25 yen.Says revenue outlook lowered due to the decreased sale in core businesses, profit outlook raised due to yen devaluation.  Full Article

R&I affirms Sumitomo Chemical Co Ltd's rating at "A-" and announces stable outlook
Thursday, 8 Oct 2015 02:00am EDT 

Sumitomo Chemical Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-".Rating outlook stable.  Full Article

Sumitomo Chemical raises consolidated full-year outlook for FY 2015
Thursday, 23 Apr 2015 02:00am EDT 

Sumitomo Chemical Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 2,370,000 million yen from 2,320,000 million yen for FY ended March 2015.Operating profit forecast increased to 127,000 million yen from 105,000 million yen.Ordinary profit forecast increased to 157,000 million yen from 120,000 million yen.Net profit forecast increased to 51,000 million yen from 45,000 million yen.Earnings per share increased to 31.20 yen from 27.53 yen.FY 2015 revenues of 2,316.23 billion yen, net income of 50.64 billion yen – Thomson Reuters I/B/E/S.Comments the yen devaluation and improved terms of trade are the main reasons for the forecast.  Full Article

Hitachi Metals to sell subsidiary to Sumitomo Chemical
Tuesday, 3 Feb 2015 01:30am EST 

Hitachi Metals Ltd:To set up a wholly owned subsidiary in Ibaraki in February, which to be engaged in production and sale of compound semiconductor.To transfer compound semiconductor business to the new subsidiary, effective April 1.To transfer 100 pct stake in the subsidiary to Sumitomo Chemical on April 1.  Full Article