Sumitomo Chemical's revised forecast of financial result FY 2020
Founded in 1913 and headquartered in Tokyo and Osaka, Sumitomo Chemical is a Japanese chemical company operating in several business sectors such as the health and crop science, pharmaceutical and energy industries.
In the forecast revision report, the company states the impact of the coronavirus (COVID-19) as one of several reasons for the revised numbers, among other factors such as a slowdown in shipments due to extreme weather conditions.