It may be the first loss in 11 years! The chemical giant faces its “biggest crisis since its founding”

japan’s sumitomo chemical said on november 1 that it expected a loss of 95 billion yen ($628 million) in fiscal 2023, which would be its first loss in 11 years. the semi-annual report released by sumitomo chemical on the same day showed that sales revenue in the first half of the fiscal year ending september…