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Kuraray reports fall in profits

6:07 AM MDT | April 25, 2013 | Deepti Ramesh

Kuraray reports an 8.5% fall in net profits for its fiscal year ended 31 March, compared with the previous fiscal year, to ¥28.79 billion ($290 million). Full year sales increased 0.1%, to ¥369.4 billion. Full-year sales at Kuraray's chemicals segment increased 5.5% compared with the previous fiscal year, to ¥78.9 billion, but operating profits for the segment decreased by 29.7%, to about ¥6.3 billion. The resins segment of Kuraray reports a 4.2% increase in full-year sales compared with the previous fiscal year, to ¥155.1 billion, but...

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