DIC Reports Rise in Profits

DIC Corp. (Tokyo) recorded a 15.2% increase in net profits for the fiscal year ended March 31, 2012, compared with the previous fiscal year, to ¥18.2 billion ($228 million). Full-year sales decreased, however, by 5.7%, to ¥734.3 billion. Notwithstanding special procurement demand in the first quarter of the fiscal year in the wake of the earthquake that struck Japan in March 2011, harsh operating conditions persisted, owing to a market reversal that began in the second quarter of the fiscal year, combined with the global economic slowdown provoked by the...

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