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Tosoh and Ube upgrade earnings projections

7:49 AM MDT | April 24, 2013 | Deepti Ramesh

Tosoh and Ube Industries have each revised their earnings and sales forecasts for the full fiscal year, ended 31 March. Tosoh expects to record full-year net profits of ¥16 billion ($160 million), having previously forecast net profits of ¥8 billion. Tosoh predicts full-year sales of ¥670 billion, having previously forecast full-year sales of ¥650 billion. The company expects operating profits of ¥24 billion for the fiscal year, having previously forecast operating profits of ¥20 billion. The earlier forecasts were announced in November...

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