Toray Industries reported a 30.9% fall in net profits for its fiscal first 9 months, ended 31 December 2012, compared with the year-ago period, to Â¥37.3 billion ($399 million). Nine-month sales decreased 2.1%, to Â¥1.17 trillion. During the nine-month period, the global economy remained under harsh conditions, as Europe continued to struggle with the regionâ€™s sovereign debt problems while the Chinese economy slowed down and the US economic recovery slowed, Toray says. The Japanese economy recovered at a gradual pace on the back of reconstruction demand...
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