Sumitomo Riko’s Full Year Sales up 24.2%, Automotive Supplies Strong

In its business results for the fiscal year ended March 31, 2023 (IFRS basis), Sumitomo Riko posted sales of 541.01 billion yen ($3.92 billion), up 21.3% year-on-year; business profit of 17.87 billion yen, up 176.3%; and net income of 6.68 billion yen, compared with a loss of 6.35 billion yen in the previous year. By business segment, sales in the…