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Teijin Reports Fall in Profits and Sales

2:40 AM MDT | November 1, 2011 | Deepti Ramesh

Teijin has recorded a 20% fall in net profits for its fiscal first half ended September 30, 2011, compared with the year-ago period, to ¥9.18 billion ($118 million). Sales decreased 1.6%, to ¥393.5 billion. The impact of the earthquake and tsunami of March 2011, together with stagnating demand for use in liquid crystal display televisions, computers and other electronics equipment, pushed down sales and operating income in the films and plastics segment of Teijin.  However overall sales and operating income remained essentially flat with the year-ago...

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