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Nippon Shokubai upgrades earnings projection

9:39 AM MDT | April 26, 2013 | Deepti Ramesh

Nippon Shokubai has revised its earnings and sales forecasts for the full fiscal year, ended 31 March. Nippon Shokubai expects to record full-year net profits of ¥8.4 billion ($85 million), having previously forecast net profits of ¥1 billion. Nippon Shokubai predicts full-year sales of ¥269.5 billion, having previously forecast full-year sales of ¥270 billion. The forecast for operating profits remains unchanged, at ¥10 billion. The earlier forecasts were announced on 7 February. Nippon Shokubai says that full-year net profits are expected to...

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