Mixed nine months for Sumitomo
Higher sales of Sumitomo Chemical's crop protection products in overseas markets boosted the revenues of its health and crop sciences division by 11.5% to ¥231,000 million ($1,954 million at the current rate) in the nine months ended December 31st 2014. However, sales in Japan declined due to the effect of the consumption tax increase. Operating income for the division rose by 56.2% to ¥22,800 million ($193 million). Sumitomo's agrochemical sales increased by 28% to ¥199,977 million ($1,692 million) in the year ended March 31st 2014. That represented 61.2% of the health and crop sciences division's revenues.