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Kuraray Upgrades Earnings and Sales Forecasts

5:09 AM MDT | April 22, 2010 | Deepti Ramesh

Kuraray has upgraded its sales and earnings forecasts for the fiscal year ending March 31, 2010. Kuraray expects to record net profits of ¥16.3 billion ($175 million), having previously forecast net profits of ¥14 billion, and forecasts full-year sales of ¥332.8 billion, having previously predicted sales of ¥330 billion. The company expects to record an annual operating profit of ¥30.4 billion, compared with its prior estimate of ¥28 billion. The earlier forecasts were announced in February 2010. The upgraded forecasts, “is the...

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