Sumitomo Chemical Q1 EPS Turns Positive to $0.77 on Profit Recovery
Sumitomo Chemical reported a sharp profitability turnaround, with EPS rising to $0.77 from a $(0.10) loss in the prior-year quarter, despite sales falling slightly to $3.623 billion. At the Sumitomo Chemical India Limited AGM on July 27, 2026, shareholders approved a ₹1.30 dividend per equity share and passed resolutions to promote Dr. Suresh Ramachandran to Managing Director from September 1, 2026, while Chetan Shah transitions to non-executive, non-independent director.