Sumitomo Chemical downwardly revised its earnings forecast for this year to a final loss of 245 billion yen. The company's policy is to quickly rebuild its business performance.
President Keiichi Iwata said, 'We take this crisis situation very seriously' The company plans to withdraw from existing businesses and sell assets. It expects its final profit and loss to expand from a deficit of 95 billion yen to a deficits of 245billion yen. This is the second downward revision to our earnings forecast since November last year.