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Tosoh's sales and earnings soar, full-year forecast confirmed

5:18 AM MST | February 3, 2014 | Natasha Alperowicz

Tosoh today reported that for the nine months from 1 April 2013 through 31 December 2013, net income rose ¥17.2 billion ($170.5 million), to ¥22.7 billion, on sales 18% higher, at ¥560.5 billion, compared with the year-earlier period. The company cites reduced impact from the accident at its Nanyo vinyl chloride monomer plant, adjustments to domestic prices based on a rise in the cost for naphtha and other raw materials, and adjustments to export prices based on the weakening of the  yen. Operating income rose to ¥28.9 billion, an...

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