Sekisui Chemical to revise earnings forecast

Japan“s Sekisui Chemical Co Ltd, a chemical maker and resin processor, said on 20 September that it would announce revised earnings estimates that same day.
At the beginning of September, the compan…

Japan“s Sekisui Chemical Co Ltd, a chemical maker and resin processor, said on 20 September that it would announce revised earnings estimates that same day. At the beginning of September, the company cut its group net forecast for the 2001/02 business year to March to a loss of JPY 3.3 billion from an estimate of a profit of JPY four billion. Sekisui Chemical, which is undergoing restructuring, declined to say whether the latest revision would be upward or downward. Shares in Sekisui Chemical ended morning trade up 0.29% at JPY 340, outperforming a 1.81% slide in the benchmark Nikkei 225 average.