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Tokuyama Swings to Loss
9:11 AM MDT | August 3, 2012 | Deepti Ramesh
Tokuyama (Tokyo) reported a net loss of ¥1.78 billion ($23 million) for the fiscal first quarter, ended June 30, 2012, compared with a net profit of ¥2.06 billion in the corresponding period of the previous fiscal year. Sales decreased by about 10%, to ¥63.89 billion, because of decreased sales volumes and a fall in the selling prices of polysilicon, which is part of the company's specialty products segment; and lower sales volumes in the chemicals segment, Tokuyama says. Tokuyama’s chemicals segment recorded an 8.2% fall in first-quarter...
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