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Kuraray Records Rise in Profits and Sales

12:08 AM MDT | April 27, 2011 | Deepti Ramesh

Kuraray reported a 76% rise in net profits for the fiscal year ended March 31, 2011, to ¥28.7 billion ($350 million), compared with the previous fiscal year. Sales increased 9%, to ¥363 billion. The operating environment in the fiscal year saw a recovery in demand for Kuraray group products in Europe and the U.S., as well as strong demand in emerging economies, mainly China, Kuraray says. However, uncertainties about the Japanese economy mounted due to the rapid appreciation of the Japanese currency, rise in prices of raw materials and fuel, and due to...

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