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Asahi Kasei and Toray Industries Report Rise in Profits and Sales

11:49 AM MDT | November 2, 2011 | Deepti Ramesh

Asahi Kasei and Toray Industries Report Rise in Profits and Sales Asahi Kasei reported a 34.3% increase in net profits for the fiscal first half ended September 30, 2011, to ¥38.2 billion ($489 million)compared with the year-ago period. Sales increased about 5%, to ¥802.1 billion. Manufacturing activity in Japan generally bounced back following a temporary decline caused by the earthquake and tsunami of March 2011, but the economic outlook remained obscure with heightened concern of a deteriorating climate for exports due the ongoing appreciation of the...

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