For Immediate Release

October 27, 2021

Sumitomo Chemical Announces Revisions to its Financial Forecast andProjected Dividend for the Full-Year Ending March 31, 2022
Based on recent performance trends, Sumitomo Chemical has made revisions to its consolidated
financial forecast for the full-year ending March 31, 2022 and the projected dividend, previously
announced on May 13, 2021, as detailed below.
1. Revisions to Consolidated Financial Forecast for the Full-Year Ending March 31, 2022
(Millions of yen)
SalesrevenueCore
operatingincome *OperatingincomeNet income
attributable toowners of theparentEarnings
per share(yen)Previous forecast (A)2,610,000

200,000

180,000

100,000

61.16

Revised forecast (B)2,710,000

245,000

225,000

140,000

85.63

100,000

45,00045,00040,000

3.8

22.5

25.0

40.0

2,286,978147,615

137,115

46,043

Variance in amount (B-A)
Variance in percentage (%)
Previous year results(Fiscal 2020)

28.16* “Core Operating Income” excludes gains and losses from non-recurring factors from operating income.

(Reasons for the Revision)
Sales revenue and core operating income are expected to exceed the previously announced
forecast mainly because the margins of products in the Petrochemical & Plastics Sector have
improved due to higher market prices, and shipments of products in the IT-related Chemicals
Sector have been solid in the first-half of this fiscal year.
Operating income and net income attributable to owners of the parent are both also expected to
exceed the previous forecast according to an increase of core operating income.

2. Revision to the Projected Dividend
Dividend per share
InterimFiscal year-end

AnnualPrevious forecast¥10.00¥20.00

Revised forecast¥14.00¥24.00¥9.00¥15.00

Actual result¥10.00Previous year results(Fiscal 2020)¥6.00(Reasons for the Revision)
Sumitomo Chemical places a high priority on shareholder return and makes it a policy to maintainstable dividend payments, while giving due consideration to its business performance and adividend payout ratio for each fiscal year and the amount of retained earnings necessary for futuregrowth.
Because of the upward revisions as stated above, Sumitomo Chemical decided to revise theprojected year-end dividend to ¥14 per share. As a result, Sumitomo Chemical’s annual dividend
will be ¥24 per share.

Cautionary StatementStatements made in this document with respect to Sumitomo Chemical’s current plans, estimates,strategies and beliefs that are not historical facts are forward looking statements about the future
performance of Sumitomo Chemical. These statements are based on management’s assumptions
and beliefs in light of the information currently available to it, and involve risks and uncertainties.
The important factors that could cause actual results to differ materially from those discussed in
the forward looking statements include, but are not limited to, general economic conditions inSumitomo Chemical’s markets; demand for, and competitive pricing pressure on, Sumitomo
Chemical’s products in the marketplace; Sumitomo Chemical’s ability to continue to win
acceptance for its products in these highly competitive markets; and movements of currency
exchange rates.

Information:
Financial Forecast by Segment for the Full-Year Ending March 31, 2022
(Millions of yen)
Fiscal 2021
Previous
Forecast (A)Fiscal 2021
Revised
Forecast (B)Variance inAmount (B-A)

Petrochemicals &Plastics

Sales revenue

760,000

810,000

50,000Core operating income

36,00064,00028,000

Energy & Functional
Materials

Sales revenue

280,000305,000

25,000Core operating income

19,00023,0004,000

Sales revenue

435,000

450,000

15,000Core operating income

40,00048,0008,000

Sales revenue

460,000

470,000

10,000Core operating income

38,00043,0005,000

Sales revenue

610,000

610,000－

Core operating income

67,00067,000－

Sales revenue

65,00065,000－00－

2,610,000

2,710,000

100,000

200,000

245,000

45,000IT-related Chemicals
Health & Crop
Sciences
Pharmaceuticals
OthersAdjustments
TotalCore operating income
Sales revenue
Core operating income