Sumitomo agchem division ahead in Q1
Sales of Sumitomo Chemical's health and crop sciences business, which includes agrochemicals, rose by 11.1% to ¥82,011 million ($659.4 million at the current rate) in the three months to July 31st 2015. Operating income more than doubled from ¥6,078 million ($48.9 million) to ¥16,122 million ($129.6 million) in the first quarter of its fiscal year ending March 31st 2016. Sumitomo's agrochemical sales rose by 11.7% to ¥223,415 million (1,796.3 million) in the year ended March 31st 2015. Agrochemicals accounted for 61.6% of the health and crop science division's full-year revenues of ¥362,404 million ($2,913.7 million).