Kuraray Reports Rise in Profits and Sales

Kuraray reported an 13.6% rise in net profits for the fiscal first nine months ended December 31, 2011, compared with the year-ago period, to ¥25.4 billion ($335 million). Sales increased 2%, to ¥275.7 billion. Kuraray’s chemicals segment posted only a 0.1% rise in nine-month sales, to ¥56.25 billion, while operating profits for the segment increased 33%, to ¥7.9 billion. Kuraray's Kashima site was taken offline following the earthquake and tsunami that hit Japan in March 2011, and it resumed normal rates of production in late June. Despite...

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