IHS Chemical Week

People & Business :: Earnings/Finance

Japanese companies report lower earnings

1:24 PM MDT | May 21, 2013 | —Deepti Ramesh

Most leading Japanese chemical companies reported lower earnings and sales for the fiscal year, ended 31 March. The slowing global economy; weak demand in overseas markets, including China; and the continued appreciation of the Japanese currency affected each company’s financial performance. Only Shin-Etsu Chemical, DIC, and Tosoh recorded an improvement in earnings in the fiscal year. Fourth-quarter figures have not been disclosed. Mitsubishi Chemical posted a 47.5% fall in net profits for the year ended 31 March compared with the previous fiscal year, to...

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