Sumitomo Chemical Firm, Restricted (OTCPK:SOMMY) This fall 2024 Earnings Convention Name Could 14, 2025 4:00 AM ET
Firm Individuals
Keigo Sasaki – Senior Managing Government Officer
Convention Name Individuals
Takato Watabe – Morgan Stanley MUFG Securities
Mikiya Yamada – Mizuho Securities
Go Miyamoto – SMBC Nikko Securities
Now we might like to begin the Convention Name on the Monetary Outcomes Announcement for the Fiscal Yr 2024 of Sumitomo Chemical. Thanks very a lot to your attendance right this moment.
Immediately, Senior Managing Government Officer, Sasaki provides you with the monetary outcomes for fiscal 2024 and outlook for fiscal 2025. After which after that, Government Officer and Normal Supervisor, Yamauchi of Accounting Division will be part of us and have the Q&A session.
We plan to conclude this assembly by 5:50 p.m. Japan time. Over to you, Mr. Sasaki.
Keigo Sasaki
Thanks very a lot. My title is Sasaki of Sumitomo Chemical. Thanks very a lot for taking the day trip of your busy schedule to take part in our convention name. I want to thank all of the buyers and analysts to your continued assist and understanding of our enterprise. I want to take this chance to precise our deep appreciation to all of you.
Now I’ll current our monetary outcomes for the fiscal yr 2024. First, please go to web page 4 of the fabric. Earlier than I am going into the small print, first, I want to provide the abstract of the monetary yr 2024 monetary outcomes. Core working earnings for fiscal 2024 was JPY140.5 billion. Again in fiscal 2023, firm incurred core working lack of JPY149.0 billion. However in comparison with that, we achieved a V-shaped restoration within the yr with an enchancment of roughly JPY290.0 billion over the earlier yr.
Within the forecast introduced in February this yr, we anticipated the core working earnings to
