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Tokuyama Reports Fall in Profits and Sales
11:44 AM MDT | May 11, 2012 | Deepti Ramesh
Tokuyama (Tokyo) reported a 4.1% fall in net profits for the fiscal year ended March 31, 2012, compared with the previous fiscal year, to ¥9.3 billion ($116.5 million). Sales decreased 2.5%, to ¥282.3 billion. Full-year sales at Tokuyama’s chemicals segment increased 7.7%, to ¥85.2 billion. Operating profits for the segment decreased 20.8%, to ¥1.9 billion. “In the chemicals segment, profits decreased due to a decline in vinyl chloride monomer export profitability as a result of the strong Japanese currency, and sluggish demand for...
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