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DIC Reports Fall in Profits and Sales

12:08 AM MST | February 10, 2012 | Deepti Ramesh

DIC Corp. (Tokyo) has recorded a 4.5% fall in net profits for the fiscal first nine months ended December 31, 2011, compared with the year-ago period, to ¥15.9 billion ($205 million). Sales for the nine months also decreased by 4.5%, to ¥561.5 billion. “Despite the special procurement demand in the first quarter of the fiscal year in the wake of the earthquake and tsunami that hit Japan in March 2011, harsh operating conditions persisted, owing to a market reversal that began in the second quarter, combined with the global economic slowdown provoked...

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