Sumitomo Chemical Hits Day Low of JPY 450.80 Amid Price Pressure

Sumitomo Chemical Co., Ltd. experienced a significant decline today, with the stock dropping by 6.7% as it reached an intraday low of JPY 450.80. This performance stands in contrast to the Japan Nikkei 225, which saw a modest decline of 1.01% on the same day. Over the past week, Sumitomo Chemical has faced a 4.91% decrease, while its monthly performance reflects a decline of 5.74%.
Despite a year-to-date gain of 29.37%, the company has underperformed the market over the last year, generating a return of 10.25% compared to the Nikkei's 22.11%. Financial metrics indicate a challenging landscape, with a debt-to-equity ratio of 1.25 and a return on equity of 1.43%. The company's net profit for the quarter has fallen significantly, while interest expenses have increased.

With a market capitalization of JPY 781,875 million, Sumitomo Chemical operates within the specialty chemicals sector, characterized by a price-to-book ratio of 0.88 and a dividend yield of 0.11%. These figures highlight the current financial dynamics surrounding the company amidst broader market trends.