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Tokuyama Reports Fall in Profits and Sales

1:52 AM MST | February 10, 2012 | Deepti Ramesh

Tokuyama (Tokyo) has recorded a 26.4% fall in net profits for the nine months ended December 31, 2011, compared with the year-ago period, to ¥3.9 billion ($50 million). Sales decreased 1.6%, to ¥211 billion, mainly due to the impact of the earthquake and tsunami that hit Japan in March 2011, and the decreased polycrystalline silicon sales volume arising from a sluggish market for solar cells and semiconductors as a result of the global recession, the company says. The chemicals segment of Tokuyama reported an 8.5% rise in nine-month sales, compared with...

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