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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Japanese firms report lower sales and earnings

9:04 AM MST | November 9, 2012 | —Deepti Ramesh

Most of the leading Japanese chemical companies reported lower earnings and sales for the fiscal first half, ended 30 September 2012. The slowing global economy; weak demand in overseas markets, including China; and the continued appreciation of the Japanese currency affected each company’s financial performance. Only Shin-Etsu Chemical reported an improvement in earnings in the fiscal first half. Mitsubishi Chemical reported a 91% fall in net profits for the 6 months ended 30 September compared with the year-ago period, to ¥3.3 billion ($41 million)...

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