IHS Chemical Week

Tosoh's sales and earnings soar, full-year forecast confirmed

11:46 AM MST | February 3, 2014

Tosoh Corp. today reported net income for the first nine months from 1 April through 31 December 2013 rising ¥17.2 billion to ¥22.7 billion ($228.2 million) on sales 18% higher at ¥560.5 billion compared with the year-earlier period. The company cites reduced impact from the accident at its Nanyo vinyl chloride monomer plant, adjustments to domestic prices based on a rise in the cost for naphtha and other raw materials, and adjustments to export prices based on the weakening of the Japanese yen. Operating income rose to ¥28.9 billion, an increase of ¥17.2...

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