IHS Chemical Week

People & Business :: Earnings/Finance

Tokuyama swings to loss

12:12 AM MST | November 5, 2012 | Deepti Ramesh

Tokuyama (Tokyo) reported a net loss of ¥2.5 billion ($31 million) for the fiscal first half, ended 30 September 2012, compared with a net profit of ¥2.7 billion in the corresponding period of the previous fiscal year. Sales decreased by about 11.2%, to ¥125.9 billion, because of decreased sales volumes and a fall in the selling price 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 a 9.9% fall in first-half sales...

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