Understanding theSumitomo Chemical Story
To be able to respond to questions about what kind of a company Sumitomo Chemical isand what we do, we are providing a detailed introduction to Sumitomo Chemical.
The company’s history dates back over 100 years.
Sumitomo Chemical started business in 1913 as a producer of fertilizers from sulfur dioxide gas emitted by copper smelters, with the goal to both resolve an environmental problem and increase agricultural production.
There are 33,572 employees.
Each employee of Sumitomo Chemical will work to explore new possibilities every day, and overcome the challenges lying ahead with enthusiasm and a strong sense of mission.
as of March 31st, 2023
In Japan, we have a network of 12 R&D sites and production facilities.
By bringing together a variety of approaches, values, and technologies to generate new value, not limited to the field of chemistry, we will continue to boldly take on challenges ranging from ensuring that people have adequate food, clothing, and shelter, to resolving the global-scale problems of the environment, resources and energy, and food supply.
as of April 1st, 2023
Outside of Japan, we have a global network of 75 locations.
We seek to create new value through the global delivery of solutions that resolve societal issues and contribute to an improvement in the quality of life.
as of April 1st, 2023
Sumitomo Chemical formulated fundamental business principles, missions, and values as its Business Philosophy based on Sumitomo's Business Principles.
Sumitomo Chemical started business in 1913 as a producer of fertilizers from sulfur dioxide gas emitted by copper smelters.This business, which solved the environmental problem of air pollution while meeting the social demand for more agricultural production, embodied the business philosophy of the Sumitomo family handed down from the 17th century.
Building a Foundation as a Chemical Manufacturer
In 1913, Sumitomo Chemical got its start by producing fertilizer from harmful gas emitted in copper smelting operations.That business helped mitigate the environmental problem caused by emissions, while also contributing to boosting agricultural productivity.
The Sumitomo Fertilizer Manufactory began operations
Enters fine chemicals business
Acquires Japan Dyestuff Manufacturing Company engaged in dyes, pharmaceuticals, and other fine chemicals business
Growing into a Diversified Chemical Manufacturer
Sumitomo Chemical started new businesses one after another, successfully growing into a diversified chemical manufacturer.
Enters agricultural chemicals business
Enters petrochemical business
Expanding All Businesses Globally
In order to respond to the changing structure of society and the global economy,Sumitomo Chemical actively pushed forward with the globalization of all its businesses.
Petrochemical Corporation of Singapore began operations
Established Valent U.S.A. as a development and sales location for agricultural chemicals in the U.S.
Established Dongwoo Pure Chemicals
(present Dongwoo Fine-Chem) in South Korea
Established Sumitomo Chemical Belgium
(present Sumitomo Chemical Europe) in Belgium
Deepening Global Business
Sumitomo Chemical is doing business around the world,based on the idea of globally integrated management that develops competitive businesses by combining optimal technology, locations, partners, and personnel.
Petro Rabigh began operations in Saudi Arabia
Sumitomo Dainippon Pharma (present Sumitomo Pharma) acquired the pharmaceutical company Sepracor (present Sunovion Pharmaceuticals) in the U.S.
2,895.3 Billion Yen
Although shipments declined due to the global economic slowdown, product market prices increased, primarily in petrochemicals, cathode materials, and crop protection chemicals. In addition, the weaker yen in exchange rates in each business resulted in an increase in sales revenue of 130.0 billion yen compared to the previous year.
Overseas Sales Revenue Ratio
Revenue from sales outside of Japan exceeded 60% of the total, mainly due to a significant amount of sales in the Pharmaceuticals sector in North America, as well as in petrochemicals and the IT-related Chemicals sector in China.
Core Operating Income
92.8 Billion Yen
Sales of crop protection chemicals remained steady. On the other hand, petrochemicals were affected by a deterioration in the terms of trade due to higher raw material prices and a decrease in shipments. Shipments of display-related materials decreased due to a decline in the previous strong demand from stay-at-home measures. In addition, in pharmaceuticals, there was a decrease in sales of Latuda, as well as an increase in sales and general administrative expenses, and the effects of price revisions in Japan. These factors resulted in a decline in core operating income of 142.0 billion yen compared to the previous year.
Sumitomo chemical consists of five business sectors.Each sector continues to provide solutions that contribute to solving issues in society and improving the Quality of life, there by creating new value.