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<item><link>http://www.alacrastore.com/storecontent/moodys/PR_157939_808797068</link><guid isPermaLink="false">moodys/PR_157939_808797068</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><description>Global Credit Research Announcement ## JUN ####   Announcement: Mitsubishi Chemical Holdings Corporation Moody's: Negative Outlook for Japan's Integrated Chemical Industry Tokyo, June ##, #### -- According to a new report by Moody's...</description><pubDate>6/26/2008 12:33:14 AM</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Mitsubishi Chemical Holdings Corporation</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Sumitomo Chemical Company, Limited</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Sumitomo Chemical (U.K.) plc</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Tosoh Corporation</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Mitsui Chemicals, Inc.</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Mitsubishi Chemical Corporation</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Asahi Kasei Corporation</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Asahi Kasei Corporation; Mitsubishi Chemical Corporation; ...</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">808797068</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">723348</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">704750</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">2752</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">2497</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">223700</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">2091</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Announcement</moodys:report_type><title>Moody's: Negative Outlook for Japan's Integrated Chemical Industry</title><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_157939_808797068</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/bir/1198850</link><guid isPermaLink="false">bir/1198850</guid><bir:index_mode xmlns:bir="http://www.alacra.com/bir">norm</bir:index_mode><title>Sumitomo Chemical Company Ltd.</title><bir:company xmlns:bir="http://www.alacra.com/bir">Sumitomo Chemical Company Ltd.</bir:company><bir:cou xmlns:bir="http://www.alacra.com/bir">Japan</bir:cou><bir:descr xmlns:bir="http://www.alacra.com/bir">Manufacturing: Manufacture of industrial chemicals, plastics, pharmaceuticals, aluminium, synthetic rubber, dyestuffs and fine chemicals, pesticides, electronic products</bir:descr><bir:sic xmlns:bir="http://www.alacra.com/bir">2819</bir:sic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2821</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2822</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2834</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2869</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2899</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">3679</bir:ssic><bir:naics xmlns:bir="http://www.alacra.com/bir">325131</bir:naics><bir:snaics xmlns:bir="http://www.alacra.com/bir">325188</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">325211</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">325212</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">325412</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">325998</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">334419</bir:snaics><bir:class xmlns:bir="http://www.alacra.com/bir">9</bir:class><bir:size xmlns:bir="http://www.alacra.com/bir">I</bir:size><bir:revenue xmlns:bir="http://www.alacra.com/bir">M</bir:revenue><bir:ticker xmlns:bir="http://www.alacra.com/bir">4005</bir:ticker><pubDate>6/21/2008 6:42:00 AM</pubDate><bir:docid xmlns:bir="http://www.alacra.com/bir">1198850</bir:docid><category>Company Profiles &amp; Financials</category><alacra:ip>Gale Company Profiles</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1839247</link><guid isPermaLink="false">ccbn/T1839247</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...(Interpreted). This is Company Hotline, the IR portal site that connects the corporations and investors. Today, we have with us Mr. Kunio Nozaki who is the General Manager of Accounting and Executive Officer of Sumitomo Chemical Company Ltd. He's going to speak about the financial results for the year ending March ####. During the question and answer session, Mr. Nozaki will be joined by Mr. Takai, Mr. Horiuchi and Mr. Yamauchi as well. The entire meeting will last for an hour. Before we begin, please be reminded that the statements are based on managements assumptions and beliefs in the light of information currently availability to the management and involves risks and uncertainties. Cause -- actual results --- the actual results may defer materially from those discussed in the forward-looking statements. This is the instructions for questions to be posted by Japanese investors. We now begin conference. Mr. Nozaki, please. ...

</description><pubDate>5/9/2008 2:07:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Sumitomo Chemical Co., Ltd.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Full Year 2008 Sumitomo Chemical Co., Ltd. Earnings Net Conference (English) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">400500.T</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">7:00pm JT</ccbn:time><title>Full Year 2008 Sumitomo Chemical Co., Ltd. Earnings Net Conference (English) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1839247</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1756315</link><guid isPermaLink="false">ccbn/T1756315</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>Q# #### Sumitomo Chemical Co., Ltd. Earnings Webcast (English)</description><pubDate>2/4/2008 11:05:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Sumitomo Chemical Co., Ltd.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q3 2008 Sumitomo Chemical Co., Ltd. Earnings Webcast (English) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">400500.T</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">6:00pm JT</ccbn:time><title>Q3 2008 Sumitomo Chemical Co., Ltd. Earnings Webcast (English) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1756315</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/COP_723348</link><guid isPermaLink="false">moodys/COP_723348</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Credit Opinion</moodys:report_type><pubDate>1/4/2008 2:20:39 AM</pubDate><title>Sumitomo Chemical Company, Limited</title><description>Global Credit Research Credit Opinion ## SEP ####   Credit Opinion: Sumitomo Chemical Company, Limited Sumitomo Chemical Company, Limited Tokyo, Japan Ratings Category Moody's Rating Outlook Stable Issuer Rating A# Senior Unsecured -Dom...</description><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Sumitomo Chemical Company, Limited</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">723348</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Sumitomo Chemical Company, Limited</moodys:issuer_list><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">COP_723348</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/621578</link><guid isPermaLink="false">spcred/621578</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>Sumitomo Chemical Co. Ltd.</title><description>The latest Full Report from S&amp;P</description><pubDate>12/19/2007 11:33:59 PM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">400</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">621578</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Diversified Chemicals</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Chemicals</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Stable earnings base due to diversified business portfolio and geographical dispersion Profitability expected to strengthen, backed by launch of Saudi-based petrochemical complex Highly profitable Pharmaceutical and Agricultural Chemicals segments Earnings vulnerable to raw material price increases and supply-demand fluctuations Ongoing aggressive capital expenditures Sumitomo Chemical Co. Ltd. is diversifying its revenue source in terms of both geographic and business composition by establishing a global operating system in its core Petrochemicals&amp;Plastics and Basic Chemicals segments and also by increasing revenues in its life science businesses (Pharmaceuticals and Agricultural Chemicals segments), leading to increased stability of its earnings base. Revenue from the company's IT-related Chemicals segment is declining due to falling prices in the sector's main polarizing film and color</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">865610</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">15101020 151010 1510 15</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Sumitomo Chemical Co. Ltd. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">315758</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">4005@JP</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">FULL</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Chemicals</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/621579</link><guid isPermaLink="false">spcred/621579</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>Summary: Sumitomo Chemical Co. Ltd.</title><description>The latest Summary from S&amp;P</description><pubDate>12/19/2007 11:33:59 PM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">621579</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Diversified Chemicals</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Chemicals</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Sumitomo Chemical Co. Ltd. is diversifying its revenue source in terms of both geographic and business composition by establishing a global operating system in its core Petrochemicals&amp;Plastics and Basic Chemicals segments and also by increasing revenues in its life science businesses (Pharmaceuticals and Agricultural Chemicals segments), leading to increased stability of its earnings base. Revenue from the company's IT-related Chemicals segment is declining due to falling prices in the sector's main polarizing film and color filter products. Profitability in other major business sectors, however, has increased, improving overall profit levels and cash flow generation of the company. The Petrochemicals&amp;Plastics and Basic Chemicals segments are highly sensitive to market conditions, highly capital intensive, and take on heavy</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">865610</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">15101020 151010 1510 15</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Sumitomo Chemical Co. Ltd. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">315758</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">4005@JP</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Chemicals</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/609775</link><guid isPermaLink="false">spcred/609775</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>Outlook On Japan's Sumitomo Chemical Revised To Positive Based On Stabilized Earnings</title><description>The latest News from S&amp;P</description><pubDate>10/26/2007 4:29:04 AM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">News</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">100</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">609775</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Diversified Chemicals</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Chemicals</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">News</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">TOKYO (Standard&amp;Poor's) Oct. 26, 2007--Standard&amp;Poor's Ratings Services today revised to positive from stable the outlook on its 'BBB+' long-term corporate credit and senior unsecured debt ratings on Sumitomo Chemical Co. Ltd. The revised outlook reflects Sumitomo Chemical's stabilized earnings base resulting from the company's decision to focus on high-profit, high value-added product lines and diversify into pharmaceutical and agrichemical product business areas. At the same time, Standard&amp;Poor's affirmed its 'BBB+' long-term corporate credit and senior unsecured debt ratings on the company. The revised outlook is also based on the prospect of a stronger and more geographically diversified revenue base given the steady progress the company has made in its petroleum refining operations and petrochemical</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">865610</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">15101020 151010 1510 15</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Sumitomo Chemical Co. Ltd. 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