For Immediate Release

October 30, 2009

Sumitomo Chemical Announces
Variances between its Financial Forecast and the Actual Resultsfor the Half-Year Ended September 30, 2009 andRevisions to its Financial Forecast and Projected Dividendfor Year Ending March 31, 2010
Sumitomo Chemical Co., Ltd. (“the Company”) has announced the variances between its
consolidated financial forecast for the half-year ended September 30, 2009 announced May
11, 2009 and the actual results for the same period announced today and has revised its
consolidated financial forecast and projected dividend for the full-year ending March 31,
2010 announced May 11, 2009, as detailed below.
1. Variances between Consolidated Financial Forecast and Actual Results for theHalf-Year Ended September 30, 2009
（Millions of yen）
Sales

OperatingOrdinary

IncomeIncomeNet Income

Earnings Per
Share

Forecast (A)730,000- 5,000- 15,000- 20,000- 12.11

Actual Results (B)735,205

11,172

7,788- 3,485- 2.11

5,205

16,172

22,78816,515-

0.7----

1,009,207

31,00922,973

6,288

3.81

Variance in Amount(B - A)
Variance in Percentage(%)
Results for Half-YearEnded September 30,2008

2. Revision to Consolidated Financial Forecast for the Full-Year Ending March 31, 2010
（Millions of yen）
Sales

OperatingOrdinary

IncomeIncomeNet Income

Earnings Per
SharePrevious Forecast (A)1,620,000

35,00030,00010,000

6.06

Revised Forecast (B)1,620,000

35,00020,00010,000

6.06--- 10,000----- 33.3--

1,788,223

2,114- 32,624- 59,164- 35.84

Variance in Amount(B - A)
Variance in Percentage(%)
Results for Full-Year
Ended March 31, 2009

3. Reasons for the Variances and the Revision(Half-Year Ended September 30, 2009)
The actual results of the Company’s consolidated financial performance for the half-year
ended September 30, 2009 has exceeded its forecast primarily because of strong
shipments of crop protection chemicals and a decrease in sales, general andadministrative expenses including research and development expenses.
(Full-Year Ending March 31, 2010)
Although the operating income for the half-year ended September 30, 2009 has exceeded
the forecast, the operating income for the full-year ending March 31, 2010 is forecast to bein line with the previous forecast because the business environment is expected to remaindifficult with higher feedstock prices and a stronger yen compared with the assumptions
for the previous forecast and because the sales, general and administrative expenses
were lower for the half-year ended September 30, 2009 compared with the previous
forecast but the expenses are projected to be higher from the third quarter ending
December 31, 2009 onward. Ordinary income for the same full-year is forecast to decreaseby ¥10.0 billion from the previous forecast primarily because of anticipated lower afluctuation in the performance of the Company’s equity method foreign affiliate in thequarter ended September 30, 2009. Meanwhile, net income is forecast at ¥10.0 billion, thesame as the previous forecast, accounting of gains on sales of stocks and other assets.
The Company’s forecast does not reflect the financial results of Sepracor Inc., recently
acquired by our consolidated subsidiary Dainippon Sumitomo Pharma. Goodwill andin-process R&D, etc. arising from the acquisition are under measurement at present.
When the effects of these items on the Company’s financial results have been
determined, any items requiring disclosure will be announced promptly.
4. Revision to Projected Dividend for the Year Ending March 31, 2010
(1) Details of Revision
Dividend Per Share
Reference Date

End of Half-Year

End of FullYear

Full Yearyenyenyen

Previous Projection

Undetermined

Undetermined

Undetermined

Revised Projection
Year ended March31, 2009

0.00

6.00

6.00

6.00

3.00

9.00

(2) Reasons for the Revision
The Company defines shareholder return as its corporate priority and makes it a policy
to maintain a stable dividend while comprehensively taking into consideration financial
results for each fiscal year, dividend payout ratio and the amount of retained earnings
necessary for further business development.
Nevertheless, due to financial results for the half-year ended September 30, 2009
considerably lower than its forecast, the Company regrets that it will not pay a half-year
dividend. Continuing its effort to achieve the forecast levels of financial performance,
the Company plans to pay a full-year dividend of ¥6 per share for the year ending March
31, 2010.
Therefore, the Company has revised its projected full-year dividend to ¥6 per share.

(Cautionary Statement)
Statements 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 arebased 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 in Sumitomo Chemical’smarkets; demand for, and competitive pricing pressure on, Sumitomo Chemical’s productsin 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.