Sumitomo’s original copper refining method. Others In addition to the above five segments, the Sumitomo Chemical Group engages in overseas subsidiaries in yen terms. At present the Sumitomo Chemical Group, including over 160 subsidiaries and affiliates worldwide, operates businesses in five sectors —petrochemicals, energy & functional Materials, IT-related chemicals, health & crop sciences, and pharmaceuticals. Sumitomo Chemical Announces Consolidated Financial Results for FY2017 Beginning this consolidated fiscal year, the Sumitomo Chemical Group is adopting international financial reporting standards (IFRS) in place of Japanese GAAP, which it previously used, and is therefore restating figures for the previous consolidated fiscal year using IFRS for comparative analysis. Sumitomo Chemical Company has recently announced a successful acquisition of four South American subsidiaries of Nufarm Limited in Brazil, Argentina, Chile, and Colombia. Sumitomo Chemical At present, the Sumitomo Chemical Group, including over 100 subsidiaries and affiliates, operates businesses in five sectors—petrochemicals, energy, functional materials, IT-related chemicals, health and crop sciences, and pharmaceuticals—and provides products worldwide that support a wide variety of industries and help people’s daily lives. Sumitomo Chemical announced on 2 nd April that it invested $30 million in Conagen, a U.S. biotechnology company. As a result, the segment’s sales increased by ¥31.9 billion compared with the previous fiscal year, to ¥435.5 billion, and operating income grew by ¥13.7 billion, to ¥42.7 billion. Sumitomo Corporation (Japanese: 住友商事株式会社, Hepburn: Sumitomo Shōji Kabushiki-gaisha) is one of the largest worldwide Sogo shosha general trading companies, and is a diversified corporation.The company was incorporated in 1919 and is a member company of the Sumitomo Group.. The fresh investment will further promote its strategic business alliance with Conagen and develop innovative high functional products and processes by way of … The company has conducted joint research with Conagen since 2018 on the biosynthesis of existing chemicals. Sumitomo’s original copper refining method At present the Sumitomo Chemical Group, including over 160 subsidiaries and affiliates worldwide, operates businesses in five sectors — Petrochemicals & Plastics, Energy & Functional Materials, IT-related Chemicals, Health & Crop Sciences, and Pharmaceuticals. Today the Sumitomo Chemical Group includes over 100 subsidiaries and affiliates operation in six business sectors - basic chemicals, petrochemicals and plastics, fine chemicals, IT-related chemicals, agricultural chemicals and pharmaceuticals - and supplies a broad range of products for global markets. Nufarm business group is a leading Australian company in agricultural chemicals.