“In April 2010, Sumitomo Seika Chemicals had drawn up “SEIKA PLAN 2015″ for six years, and on May 31 this year they unveiled the result of the first three years (FY2010-2012) together with the target for the second term of three years (FY2013 to 2015).

During the first three years there was a transition of increased revenue with a profit decline. In 2012 the last year of the period, their sales amounted to 70.6 billion down by 8.3% and operating profit to 4.2 billion down by 23.6% compared with the initially preset target.

On the reference to the result in 2012, their target value for the year 2015 remains the same as initially preset respectively, namely sales amounting to 100 billion up by 41.6% and operating profit of 10 billion up by 138% with ROA from 5.9% up to 10%. By the way, they drew up the offshore sales ratio from the initial 66% to 68%.

Furthermore, as their basic strategy they plan to enhance profitability by the development of new applications in the growing fields including environment, energy, life, amenity, information and electronic materials, by means of utilization of their own basic technologies for polymerization, separation and purification. In addition they are going to materialize a system to accomplish 300,000 tons of superabsorbent polymer and the next expansion.”